SparkBlue Chip USDT Vault

Ethereum

Spark blue-chip USDT vault. Lending against the lowest risk crypto and real-world assets. Curated by Spark which allocates billions in assets across all of DeFi. See data.spark.fi for more details.

Total Deposits

$47.09M

47.13M USDT

Liquidity

$36.73M

36.76M USDT

Exposure

Net APY

2.24

%

Overview

Vault Configuration

Morpho vault version

v2

Vault deployment date

2026-04-02

Curator TVL

$606.54M

Total Deposits (USD)

$54.62M

Net APY

2.24%

APY Breakdown

Vault Net APY

2.24%

Performance Fee

10%

Management Fee

0%

Allocation

Exposure

Markets	Allocation (%)	Allocation (USDT)	Liquidity (USDT)	Underlying Liquidity (USDT)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDTbacked bywstETH 86% LLTV	63.97%	34.97M	20.92M	20.92M	84.28%	250M	100%	2.50%
USDTbacked byWBTC 86% LLTV	32.15%	17.57M	13.71M	13.71M	84.02%	100M	100%	2.50%
USDTbacked bysUSDS 96.5% LLTV	3.84%	2.09M	2.09M	2.31M	84.70%	Infinite	100%	2.50%
USDTbacked bycbBTC 86% LLTV	0.03%	19.07k	19.07k	124.53k	86.33%	250M	100%	2.49%
Idle Liquidity
	0%	0	0	-	-	-	-	-

Exposure

Allocation History

Date	Amount	Vault / Market
2026-09-17 15:05:11	-7,536,042.54 USDT-$7.52M	USDTbacked bywstETH 86% LLTV
2026-09-17 14:56:59	+8,075,870.93 USDT+$8.06M	USDTbacked bywstETH 86% LLTV
2026-09-17 14:56:59	+903,954.86 USDT+$903.18k	USDTbacked bysUSDS 96.5% LLTV
2026-09-17 14:56:59	+5,215,349.67 USDT+$5.21M	USDTbacked byWBTC 86% LLTV
2026-09-17 14:51:59	-8,554,515.32 USDT-$8.54M	USDTbacked bywstETH 86% LLTV

1

Performance

Position Unit Price (USDT)

1.013682

Returns

Instant APY

2.24%

7D APY

2.31%

30D APY

2.76%

90D APY

2.81%

Fees

Performance fee

10%

Management fee

0%

Performance fee recipient

0x1601843c5E9bC251A3272907010AFa41Fa18347E

Management fee recipient

0x1601843c5E9bC251A3272907010AFa41Fa18347E

Returns

Instant APY

7D APY

30D APY

90D APY

Fees

Performance fee

Management fee

Performance fee recipient

Management fee recipient

Risk

Risk Disclosures

Curator has not submitted a Disclosure.

Ratings

No ratings available for this vault.

Ratings

Vault Roles

Owner

0x3300f198988e4C9C63F75dF86De36421f06af8c4

Curator

SAFE 3/5

Sentinel 1

SAFE 3/5

Risk Curation

Allocator 1

0xe5c6318456a7Cb6f74f93B4eee4616dB5fcef699

Timelocks

These timelocks show how much time lenders have to review upcoming increases to vault exposure, including new adapters or higher limits for a vault's allocation strategy.

Add adapter

Time before a curator can enable a new adapter to the vault

10 days

Increase absolute cap

Time before a curator can raise the maximum amount supplied to an allocation

10 days

Increase relative cap

Time before a curator can raise the maximum share of the vault supplied to an allocation

10 days

Activity

User Distribution

User	Deposit	% of Deposits
	54,391,588.7 USDT$54.34M	99.49%
	251,790.74 USDT$251.58k	0.46%
	25,187.24 USDT$25.16k	0.04%
	10.13 USDT$10.12	< 0.01%
	8.25 USDT$8.25	< 0.01%

of

User Distribution

All Transactions

Date	Type	Amount
2026-09-17 15:05:11	Withdraw	7,536,042.54 USDT$7.52M
2026-09-17 14:56:59	Deposit	8,075,870.93 USDT$8.06M
2026-09-17 14:56:59	Deposit	903,954.86 USDT$903.18k
2026-09-17 14:56:59	Deposit	5,215,349.67 USDT$5.21M
2026-09-17 14:51:59	Withdraw	8,554,515.32 USDT$8.54M
2026-09-17 14:51:59	Withdraw	918,105.09 USDT$917.31k
2026-09-17 14:51:59	Withdraw	4,982,166.48 USDT$4.97M
2026-09-17 14:48:59	Deposit	1,222,532.66 USDT$1.22M
2026-09-17 14:45:59	Deposit	1,436,692.29 USDT$1.43M
2026-09-17 14:37:47	Deposit	1,592,808.38 USDT$1.59M

1

All Transactions

Deposit USDT

$0

0.00 USDT

Network

Ethereum

Deposit (USDT)

0.00

APY

2.24%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Ratings

No ratings available for this vault.

Allocation History

Exposure

Markets	Allocation (%)	Allocation (USDT)	Liquidity (USDT)	Underlying Liquidity (USDT)	Utilization	Absolute Cap	Relative Cap	APY
Variable Rate Markets
USDTbacked bywstETH 86% LLTV	63.97%	34.97M	20.92M	20.92M	84.28%	250M	100%	2.50%
USDTbacked byWBTC 86% LLTV	32.15%	17.57M	13.71M	13.71M	84.02%	100M	100%	2.50%
USDTbacked bysUSDS 96.5% LLTV	3.84%	2.09M	2.09M	2.31M	84.70%	Infinite	100%	2.50%
USDTbacked bycbBTC 86% LLTV	0.03%	19.07k	19.07k	124.53k	86.33%	250M	100%	2.49%
Idle Liquidity
	0%	0	0	-	-	-	-	-

User Distribution

User	Deposit	% of Deposits
	54,391,588.7 USDT$54.34M	99.49%
	251,790.74 USDT$251.58k	0.46%
	25,187.24 USDT$25.16k	0.04%
	10.13 USDT$10.12	< 0.01%
	8.25 USDT$8.25	< 0.01%

of

Deposit USDT

$0

0.00 USDT

Network

Ethereum

Deposit (USDT)

0.00

APY

2.24%

Projected monthly earnings

$0.00

Projected yearly earnings

$0.00

Total Deposits (USD)

$54.62M

Position Unit Price (USDT)

1.013682

Owner

0x3300f198988e4C9C63F75dF86De36421f06af8c4

Curator

SAFE 3/5

Sentinel 1

SAFE 3/5

Morpho vault version

v2

Vault deployment date

2026-04-02

Curator TVL

$606.54M

Allocator 1

0xe5c6318456a7Cb6f74f93B4eee4616dB5fcef699

These timelocks show how much time lenders have to review upcoming increases to vault exposure, including new adapters or higher limits for a vault's allocation strategy.

Add adapter

Time before a curator can enable a new adapter to the vault

10 days

Increase absolute cap

Time before a curator can raise the maximum amount supplied to an allocation

10 days

Increase relative cap

Time before a curator can raise the maximum share of the vault supplied to an allocation

10 days

Returns

Instant APY

2.24%

7D APY

2.31%

30D APY

2.76%

90D APY

2.81%

Fees

Performance fee

10%

Management fee

0%

Performance fee recipient

0x1601843c5E9bC251A3272907010AFa41Fa18347E

Management fee recipient

0x1601843c5E9bC251A3272907010AFa41Fa18347E

Net APY

2.24%

APY Breakdown

Vault Net APY

2.24%

Performance Fee

10%

Management Fee

0%

SparkBlue Chip USDT Vault

Ethereum

Spark blue-chip USDT vault. Lending against the lowest risk crypto and real-world assets. Curated by Spark which allocates billions in assets across all of DeFi. See data.spark.fi for more details.

Total Deposits

$47.09M

47.13M USDT

Liquidity

$36.73M

36.76M USDT

Exposure

Net APY

2.24

%

Date	Amount	Vault / Market
2026-09-17 15:05:11	-7,536,042.54 USDT-$7.52M	USDTbacked bywstETH 86% LLTV
2026-09-17 14:56:59	+8,075,870.93 USDT+$8.06M	USDTbacked bywstETH 86% LLTV
2026-09-17 14:56:59	+903,954.86 USDT+$903.18k	USDTbacked bysUSDS 96.5% LLTV
2026-09-17 14:56:59	+5,215,349.67 USDT+$5.21M	USDTbacked byWBTC 86% LLTV
2026-09-17 14:51:59	-8,554,515.32 USDT-$8.54M	USDTbacked bywstETH 86% LLTV

1

All Transactions

Date	Type	Amount
2026-09-17 15:05:11	Withdraw	7,536,042.54 USDT$7.52M
2026-09-17 14:56:59	Deposit	8,075,870.93 USDT$8.06M
2026-09-17 14:56:59	Deposit	903,954.86 USDT$903.18k
2026-09-17 14:56:59	Deposit	5,215,349.67 USDT$5.21M
2026-09-17 14:51:59	Withdraw	8,554,515.32 USDT$8.54M
2026-09-17 14:51:59	Withdraw	918,105.09 USDT$917.31k
2026-09-17 14:51:59	Withdraw	4,982,166.48 USDT$4.97M
2026-09-17 14:48:59	Deposit	1,222,532.66 USDT$1.22M
2026-09-17 14:45:59	Deposit	1,436,692.29 USDT$1.43M
2026-09-17 14:37:47	Deposit	1,592,808.38 USDT$1.59M

1