Felix USDT0

USD₮0·HyperEVM·curated by Felix

APY4.49%+0.36% vs 30d

TVL$9.07M

Risk score14/ 100

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

What this vault actually does

The Felix USDT0 vault supplies USDT0 to established, high liquidity markets where it is borrowed against battle tested collateral. Parameters and caps are adjusted by the curator to prioritize stable, risk managed APR.

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.

Primary loan or collateral asset is a stablecoin. A sustained depeg below 99 cents impacts NAV and disables liquidation routing for non-USD collateral.

Vault is split across 9 markets. More markets means more parameter surface area for the curator to monitor.

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