V3
Aave · Mainnet
Frequently Asked Questions
What is the current APY for V3?
The current spot APY for V3 on Aave (Mainnet) is 2.68%. The 30-day average APY is 5.09%. 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 $396.9M. 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 | 9.84% | $1.1M |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 9.25% | $138.5K |
| K3 Leveraged syrupUSDT Strategy | IPOR Fusion | Mainnet | 6.52% | $59.7K |
| DAMM Stablecoin Fund | Lagoon | Arbitrum | 5.19% | $1.7M |
| Lend | Flux Finance | Mainnet | 4.58% | $1.7M |
| Lending Optimizer | IPOR Fusion | Mainnet | 4.46% | $304.4K |
| Derivatives Pool | IPOR Fusion | Mainnet | 4.07% | $130.7K |
| USDT Lite | Morpho | Mainnet | 3.25% | $26.4K |
| USDT Prime V2 | Morpho | Ethereum | 2.97% | $502.7K |
| Smokehouse USDT | Morpho | Mainnet | 2.91% | $26.4M |
More Aave Strategies
V3
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Yield Overview
V3 is a USDT yield strategy on Aave (Mainnet). It currently generates 2.68% APY (24h) with a 30-day average of 5.09%. The vault holds $396.9M 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 #13 out of 25 strategies. Its 2.68% yield is 12.0% lower than the market average of 3.05%.
How V3 Compares
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 10.4% lower than the network average for USDT strategies. By TVL, this product ranks #1 of 22 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#11 of 22
Yield Sustainability
This is a private credit product with a contractually fixed yield rate of 2.68%. The yield does not fluctuate based on market conditions.
Yield Trajectory
Weekly Breakdown
Historical APY Statistics
Over the past 166 days, V3's yield has shown a upward trend, with yields expanding from 2.89% to 4.01%, a 38.8% increase. The sustainability score of 43/100 aligns with moderate yield variability.
Historical TVL Statistics
Over the past 166 days, V3's total value locked has experienced a contraction, declining from $1.62B to $655.1M, a 59.7% reduction.
History
FAQ
Yield & Performance
V3 offers a fixed yield of 2.68% on USDT. This rate is contractually set and remains constant regardless of market conditions.
V3 ranks #13 out of 25 monitored USDT strategies. Its current yield of 2.68% is 12.0% below the market average of 3.05%.
V3 has a sustainability score of 100 out of 100, reflecting its fixed-rate structure.
V3 maintains a constant APY of 2.68% as a private credit instrument.
Liquidity & TVL
V3 currently has a total value locked (TVL) of $396.9M in USDT deposits.
V3 holds $396.9M in USDT deposits. Across all 25 tracked USDT strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $396.9M places it within the broader spectrum of USDT opportunities tracked on Earnbase.
By total value locked, V3 ranks #1 of 22 USDT strategies on Mainnet. It currently holds $396.9M.
V3's TVL is currently declining. Over the past 166 days, TVL moved from $1.62B to $655.1M, a -59.7% change. The 30-day high was $2.38B and the 30-day low was $1.5K.
Over the past 30 days, V3 had 21 days of inflows and 8 days of outflows. The largest single-day inflow was +$93.6M (May 16, 2026) and the largest outflow was -$20.4M (May 04, 2026). Net 30-day TVL change: +12834680.4%.
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 22 monitored USDT strategies on Mainnet. Its yield of 2.68% is 10.4% below the Mainnet average of 2.99%.
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 2.68% on-chain APY for USDT. This is a fixed-rate product.
This page provides informational data aggregated from on-chain sources and is not financial advice. Always verify data directly with Aave before depositing.
Deposit Asset