d3nity dUSD

deposits closed

dUSD·Katana·curated by Yearn

APY19.95%+18.69% vs 30d

TVL$19.86K

Risk score43/ 100

Plain English explanationWritten by Sharpe Finance research · model card · last update 2026-05-12

What this vault actually does

Yearn dUSD vault on Katana, allocating across 3 Morpho Blue markets.

What breaks this vault

The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.

Cap-weighted utilization is 100.0%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

Vault has meaningful collateral exposure to liquid restaking tokens. A discount to ETH (>2%) propagates directly through liquidation cascades.

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