K3 USDT Conservative
Brand-new USDT vault with a deliberately narrow market list — wstETH only — and aggressive LLTV under the protocol maximum.
Keep complexity to a minimum. The vault holds USDT lent against wstETH at a conservative LLTV. APY is moderate but the strategy is fully transparent and easy to explain.
Single-market exposure to wstETH borrow demand. No incentive stacking and no PT exposure.
Simplicity is the value proposition. Single market, single oracle, no rebalancing logic.
Curator is new (< 6 months track record). USDT issuer / regulatory risk is present. Single-market design has no diversification.
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.
< 6 months operational track record; limited public incident history.
Tether reserve composition disclosures are limited; tail risk on issuer event.