Frequently Asked Questions
What is the current APY for USDT Prime?
The current spot APY for USDT Prime on Morpho (Mainnet) is 2.52%. The 30-day average APY is 3.70%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in USDT Prime?
The total value locked (TVL) in USDT Prime is $6.2M. TVL measures the total USDT assets currently deposited in this vault.
Does the USDT Prime yield include token rewards?
No. Earnbase tracks on-chain APY only, derived from the vault's exchange rate changes over time. External incentives, token rewards, points programs, and liquidity mining bonuses are not included in the reported APY.
Who curates USDT Prime?
USDT Prime is curated by Gauntlet. Curators set the risk parameters, asset allocations, and rebalancing strategy for the vault. They are responsible for selecting which lending markets or protocols receive deposits. You can view all strategies curated by Gauntlet on the Gauntlet curator page on Earnbase.
Compare with Other USDT Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| DeltaUSD | Lagoon | Mainnet | 11.57% | $902.1K |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 8.75% | $862.7K |
| DAMM Stablecoin Fund | Lagoon | Arbitrum | 6.90% | $1.5M |
| Lend | Flux Finance | Mainnet | 4.44% | $1.9M |
| Lend | Fluid | Mainnet | 4.30% | $117.8M |
| Derivatives Pool | IPOR Fusion | Mainnet | 3.93% | $106.1K |
| K3 Leveraged syrupUSDT Strategy | IPOR Fusion | Mainnet | 3.72% | $15.7K |
| USDT Lite | Morpho | Mainnet | 3.25% | $26.4K |
| Smokehouse USDT | Morpho | Mainnet | 3.18% | $25.5M |
| Lending Optimizer | IPOR Fusion | Mainnet | 2.95% | $165.8K |
More Morpho Strategies
USDT Prime
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Yield Overview
USDT Prime is a USDT yield strategy on Morpho, curated by Gauntlet. It currently generates 2.52% APY (24h) with a 30-day average of 3.70%. The vault holds $6.2M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Gauntlet · Mainnet
Market Benchmarking
Within the USDT ecosystem, this product ranks #15 out of 25 strategies. Its 2.52% yield is 19.3% lower than the market average of 3.13%.
How USDT Prime Compares
USDT Prime currently ranks #15 among 25 monitored USDT strategies. However, with a TVL of $6.2M, it holds significantly less capital than higher-TVL alternatives like V3 ($463.2M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 16.2% lower than the network average for USDT strategies. This strategy is curated by Gauntlet, with 1 Gauntlet strategies tracked on Earnbase. Within Morpho, it competes against 8 other USDT strategies. By TVL, this product ranks #8 of 22 USDT strategies on Mainnet.
About Morpho
Morpho is a decentralized lending protocol that enables the creation of isolated lending markets and curated vaults. Earnbase tracks 9 strategies on Morpho.
USDT on Mainnet#13 of 22
Yield Sustainability
Yield is 31.8% below the monthly average.
Yield Trajectory
USDT Prime recorded a 24h APY of 2.52% in the most recent data point. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have declined by 42.1%. The strongest 7-day period was Jun 05–Jun 11 averaging 5.90%, while the weakest was Jun 26–Jul 02 at 2.50%. Current 24h APY of 2.52% is 42.7% below the product's own 30-day average.
Weekly yields have declined for 3 consecutive weeks. The most recent 7-day average stands at 2.50%.
Weekly Breakdown
Historical APY Statistics
Over the past 204 days, USDT Prime's yield has shown a upward trend, with yields expanding from 2.79% to 3.73%, a 33.4% increase. The sustainability score of 62/100 aligns with moderate yield variability.
Historical TVL Statistics
Over the past 204 days, USDT Prime's total value locked has experienced a period of stability, with TVL remaining relatively steady around $7.4M.
History
FAQ
Yield & Performance
USDT Prime on Morpho offers a 24-hour APY of 2.52%, a 30-day average of 3.70% on USDT. Yields are variable and update daily based on protocol activity.
USDT Prime ranks #15 out of 25 monitored USDT strategies. Its current yield of 2.52% is 19.3% below the market average of 3.13%.
Earnbase rates the yield sustainability of USDT Prime at 62/100, classified as "Moderate". Yield is 31.8% below the monthly average.
Over the past 204 days, USDT Prime has shown an upward yield trajectory. The average APY moved from 2.79% to 3.73%.
USDT Prime has a yield volatility rating of "Moderate" (standard deviation: 1.34pp over 204 days). The APY has ranged from 1.72% to 10.50% in the tracked period, with an average of 3.21%.
Liquidity & TVL
USDT Prime currently has a total value locked (TVL) of $6.2M in USDT deposits.
USDT Prime holds $6.2M in USDT deposits. Across all 25 tracked USDT strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $6.2M places it within the broader spectrum of USDT opportunities tracked on Earnbase.
By total value locked, USDT Prime ranks #8 of 22 USDT strategies on Mainnet. It currently holds $6.2M.
USDT Prime's TVL is currently relatively stable. Over the past 204 days, TVL moved from $6.1M to $6.1M, a -0.4% change. The 30-day high was $17.5M and the 30-day low was $3.0M.
Rising yields have attracted capital, with both APY and TVL trending upward over the past 30 days. In general, rising TVL in a lending vault can compress yields as more capital competes for the same borrow demand.
Over the past 30 days, USDT Prime had 15 days of inflows and 14 days of outflows. The largest single-day inflow was +$1.7M (Jun 22, 2026) and the largest outflow was -$696.9K (Jun 26, 2026). Net 30-day TVL change: +86.6%.
Strategy & Access
USDT Prime operates on the Mainnet network and is managed by Morpho. It accepts USDT deposits. The strategy is curated by Gauntlet.
To deposit into USDT Prime, you need USDT tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
USDT Prime ranks among 22 monitored USDT strategies on Mainnet. Its yield of 2.52% is 16.2% below the Mainnet average of 3.01%.
USDT Prime is deployed on Morpho's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Morpho is the DeFi protocol infrastructure that USDT Prime operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Mainnet network.
For illustrative purposes only. Based on the current 2.52% on-chain APY for USDT. Does not include external incentives. Past performance does not guarantee future results. Actual returns may vary.
This page provides informational data aggregated from on-chain sources and is not financial advice. Always verify data directly with Morpho before depositing.
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