Morpho Smokehouse USDT DeFi Yield & Risk Rating
Morpho Vaults allocate deposits to underlying Morpho lending markets. A vault "curator" is responsible for setting the allocations of each vault and setting risk parameters on each underlying market.
AUM
$20m
Net APY
4.17%
Active Users
80
Type
Vault
Network
Ethereum
Performance
Assets Under Management · 30D▼ 7.39%
$20m
Over the last 30 days, the total value of Morpho Smokehouse USDT has dropped 7.39% with $1.60M in outflows.
Net APY · 30D▼ 7.95%
4.17%
Over the last 30 days, the APY has decreased from 4.53% to 4.17%.
Active Users · 30D▼ 9.09%
80
Over the last 30 days, active users have decreased by 9.09%, reaching 80 wallets.
Vault StrategySource: vaults.fyi · Updated Nov 4, 2026
Deployed100%
Markets10
Wtd APY4.06%
Other collateral39.2%BTC collateral34.8%ETH collateral26.0%+3 smaller: weETH 0.87%, sUSDe 0.15%, WETH 0.08%
TapClick a tile for market detailsDeployed100%
Active markets10
Largest marketWBTC / USDT · 29.4%
Top 3 markets79.4%
LLTV range86% – 96.5%
Market utilization81.8% – 89.5%
Weighted supply APY4.06%
Weighted supply APY is the live lending rate across the vault's markets, before the vault fee, so it can differ from the Net APY above.
29.38%$5.90m of vault deposits
Supply APY2.95%
APY contribution0.87%
Utilization82.7%
LLTV86%
Liq. penalty4.38%
Market size$107.21m
Market ID0xa921...df99
Contract Addresses (1)
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