V3
Aave · Mainnet
Frequently Asked Questions
What is the current APY for V3?
The current spot APY for V3 on Aave (Mainnet) is 3.16%. The 30-day average APY is 5.71%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in V3?
The total value locked (TVL) in V3 is $208.7M. TVL measures the total USDT assets currently deposited in this vault.
Does the V3 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.
Which network is V3 deployed on?
V3 is deployed on Mainnet. Network choice affects transaction costs, settlement speed, and which protocols are available. On-chain APY figures on Earnbase are calculated from exchange rate data on Mainnet directly.
Compare with Other USDT Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| DeltaUSD | Lagoon | Mainnet | 12.45% | $1.0M |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 9.25% | $6.5M |
| Lend | Flux Finance | Mainnet | 4.58% | $1.7M |
| Derivatives Pool | IPOR Fusion | Mainnet | 4.29% | $130.7K |
| Smokehouse USDT | Morpho | Mainnet | 3.57% | $27.4M |
| USDT Lite | Morpho | Mainnet | 3.25% | $26.4K |
| Clearstar Boring USDT | Morpho | Ethereum | 3.23% | $1.0K |
| Fluid Autocompounder | Harvest | Mainnet | 3.18% | $181.3K |
| V3 | Compound | Mainnet | 3.05% | $27.9M |
| USDT Prime V2 | Morpho | Ethereum | 2.98% | $516.0K |
More Aave Strategies
V3
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Yield Overview
V3 is a USDT yield strategy on Aave (Mainnet). It currently generates 3.16% APY (24h) with a 30-day average of 5.71%. The vault holds $208.7M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Aave · Mainnet
Market Benchmarking
Within the USDT ecosystem, this product ranks #9 out of 26 strategies. Its 3.16% yield is 13.6% higher than the market average of 2.78%. While not the highest available, this strategy outperforms the majority of tracked USDT opportunities.
How V3 Compares
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 9.9% higher than the network average for USDT strategies. By TVL, this product ranks #1 of 23 USDT strategies on Mainnet.
About Aave
Aave is one of the largest DeFi lending protocols by total value locked, offering variable and stable rate lending pools. Earnbase tracks 1 strategy on Aave.
USDT on Mainnet#8 of 23
Yield Sustainability
Yield has deviated meaningfully from its 30-day baseline, with a 44.7% gap between the current rate and the historical mean.
Yield Trajectory
V3 has been on a 2-day downward streak, with APY falling from 3.25% to 3.19% over this period. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have declined by 34.3%. The strongest 7-day period was Apr 19–Apr 25 averaging 10.01%, while the weakest was Apr 12–Apr 18 at 2.31%. Current 24h APY of 3.16% is 41.7% below the product's own 30-day average.
Weekly yields have declined for 2 consecutive weeks. The most recent 7-day average stands at 3.95%.
Weekly Breakdown
Historical APY Statistics
Over the past 157 days, V3's yield has shown a upward trend, with yields expanding from 2.90% to 3.95%, a 36.5% increase. The sustainability score of 46/100 aligns with moderate yield variability.
Historical TVL Statistics
Over the past 157 days, V3's total value locked has experienced a contraction, declining from $1.62B to $819.7M, a 49.4% reduction.
History
FAQ
Yield & Performance
V3 on Aave offers a 24-hour APY of 3.16%, a 30-day average of 5.71% on USDT. Yields are variable and update daily based on protocol activity.
V3 ranks #9 out of 26 monitored USDT strategies. Its current yield of 3.16% is 13.6% above the market average of 2.78%.
Earnbase rates the yield sustainability of V3 at 46/100, classified as "Low Stability". Yield has deviated meaningfully from its 30-day baseline, with a 44.7% gap between the current rate and the historical mean.
Over the past 157 days, V3 has shown an upward yield trajectory. The average APY moved from 2.90% to 3.95%.
V3 has a yield volatility rating of "High" (standard deviation: 2.04pp over 157 days). The APY has ranged from 1.54% to 12.60% in the tracked period, with an average of 2.95%.
Liquidity & TVL
V3 currently has a total value locked (TVL) of $208.7M in USDT deposits.
V3 holds $208.7M in USDT deposits. Across all 26 tracked USDT strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $208.7M places it within the broader spectrum of USDT opportunities tracked on Earnbase.
By total value locked, V3 ranks #1 of 23 USDT strategies on Mainnet. It currently holds $208.7M.
V3's TVL is currently declining. Over the past 157 days, TVL moved from $1.62B to $819.7M, a -49.4% change. The 30-day high was $2.38B and the 30-day low was $1.5K.
Despite rising yields, capital has been flowing out. This may indicate concerns about sustainability or broader market rotation. 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, V3 had 16 days of inflows and 13 days of outflows. The largest single-day inflow was +$215.6M (Apr 16, 2026) and the largest outflow was -$701.0M (Apr 20, 2026). Net 30-day TVL change: -82.9%.
Strategy & Access
V3 operates on the Mainnet network and is managed by Aave. It accepts USDT deposits.
To deposit into V3, you need USDT tokens on the Mainnet network. Visit the Aave platform directly to connect your wallet and make a deposit.
V3 ranks among 23 monitored USDT strategies on Mainnet. Its yield of 3.16% is 9.9% above the Mainnet average of 2.87%.
V3 is deployed on Aave's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Aave is the DeFi protocol infrastructure that V3 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 3.16% 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 Aave before depositing.
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