UltraYield USDT
100% of this vault sits in higher-risk collateral, yet it earns 6.76% on USDT versus 7.04% for a plain USDT vault (-28 bps). You're not being paid for the extra risk.
The UltraYield USDT vault curated by the UltraYield team provides diversified exposure to various Morpho markets by lending USDT to achieve an optimized risk-adjusted return.
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.
Weighted LLTV across markets is 91.5%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.
Cap-weighted utilization is 91.9%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.