V3
Gearbox · Mainnet
Frequently Asked Questions
What is the current APY for V3?
The current spot APY for V3 on Gearbox (Mainnet) is 0.00%. The 30-day average APY is 0.00%. 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 $336.2K. 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% | $536.3K |
| DAMM Stablecoin Fund | Lagoon | Arbitrum | 5.77% | $1.7M |
| K3 Leveraged syrupUSDT Strategy | IPOR Fusion | Mainnet | 5.63% | $59.7K |
| USDT Prime | Morpho | Mainnet | 4.93% | $6.5M |
| USDT | Morpho | Mainnet | 4.89% | $117.3M |
| Smokehouse USDT | Morpho | Mainnet | 4.64% | $26.4M |
| Lend | Flux Finance | Mainnet | 4.58% | $1.7M |
| Hakutora USDT | Morpho | Mainnet | 4.22% | $7.6M |
| Derivatives Pool | IPOR Fusion | Mainnet | 3.96% | $130.7K |
More Gearbox Strategies
V3
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Yield Overview
V3 is a USDT yield strategy on Gearbox (Mainnet). No yield data is available for the most recent period.
Gearbox · Mainnet
Market Benchmarking
No yield data available. This product is tracked within the USDT ecosystem alongside 26 strategies.
How V3 Compares
V3 currently ranks #25 among 26 monitored USDT strategies. However, with a TVL of $336.2K, it holds significantly less capital than higher-TVL alternatives like USDT ($117.3M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 100.0% lower than the network average for USDT strategies. By TVL, this product ranks #16 of 23 USDT strategies on Mainnet.
About Gearbox
Gearbox is a DeFi protocol offering yield strategies tracked by Earnbase. Earnbase tracks 1 strategy on Gearbox.
USDT on Mainnet
Yield Sustainability
An extreme 100.0% deviation from the historical average suggests the current yield level is unlikely to persist. This pattern is often driven by temporary incentive programs, one-off events, or rapid capital reallocation.
Yield Trajectory
V3 has been on a 29-day flat streak, with APY rising from 0.00% to 0.00% over this period. Over the past 30 days, the product delivered positive yields on 0 out of 30 days. Week-over-week, yields have increased by 0.0%. Current 24h APY of 0.00% is 0.0% above the product's own 30-day average.
Weekly Breakdown
Historical APY Statistics
Over the past 101 days, V3's yield has shown a downward trend, with yields compressing from 2.42% to 0.18%, a 92.6% decline. The sustainability score of 10/100 aligns with a reversion from previously unsustainable levels.
Historical TVL Statistics
Over the past 164 days, V3's total value locked has experienced a contraction, declining from $1.0M to $387.0K, a 61.4% reduction.
History
FAQ
Yield & Performance
V3 on Gearbox offers a 24-hour APY of 0.00%, a 30-day average of 0.00% on USDT. Yields are variable and update daily based on protocol activity.
V3 ranks #25 out of 26 monitored USDT strategies. Its current yield of 0.00% is 100.0% below the market average of 3.31%.
Earnbase rates the yield sustainability of V3 at 10/100, classified as "Very Low Stability". An extreme 100.0% deviation from the historical average suggests the current yield level is unlikely to persist.
Over the past 101 days, V3 has shown a downward yield trajectory. The average APY moved from 2.42% to 0.18%.
V3 has a yield volatility rating of "Moderate" (standard deviation: 1.29pp over 101 days). The APY has ranged from 0.17% to 5.56% in the tracked period, with an average of 1.51%.
Liquidity & TVL
V3 currently has a total value locked (TVL) of $336.2K in USDT deposits.
V3 holds $336.2K in USDT deposits. Across all 26 tracked USDT strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $336.2K places it within the broader spectrum of USDT opportunities tracked on Earnbase.
By total value locked, V3 ranks #16 of 23 USDT strategies on Mainnet. It currently holds $336.2K.
V3's TVL is currently declining. Over the past 164 days, TVL moved from $1.0M to $387.0K, a -61.4% change. The 30-day high was $1.3M and the 30-day low was $156.9K.
Yield and TVL have remained relatively stable 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, V3 had 10 days of inflows and 17 days of outflows. The largest single-day inflow was +$95 (May 03, 2026) and the largest outflow was -$104.9K (Apr 23, 2026). Net 30-day TVL change: -23.9%.
Strategy & Access
V3 operates on the Mainnet network and is managed by Gearbox. It accepts USDT deposits.
To deposit into V3, you need USDT tokens on the Mainnet network. Visit the Gearbox platform directly to connect your wallet and make a deposit.
V3 ranks among 23 monitored USDT strategies on Mainnet. Its yield of 0.00% is 100.0% below the Mainnet average of 3.27%.
V3 is deployed on Gearbox's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Gearbox 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 0.00% 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 Gearbox before depositing.
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