Research

USDT Lending (Fluid)

Fluid · Ethereum · Lending

Obs · 21m ago

Total APY

4.4%

TVL

$128.6M

Observed risk

Moderate

Rate

Base: 4.4%
Incentive: 0.0%
Fee: n/a
Total: 4.4%

Base 4.4000% · Incentive 0.0000%

Liquidity

TVL: $128,586,960
7D change: +1.7%
30D change: -1.0%

Risk

Moderate observed risk·Medium evidence confidence

Yield.ly did not verify an audit report covering this specific opportunity.
Oracle design is unknown for an oracle-dependent product.

Risk methodology

Historical yield

Current: 4.4%
7D median: 4.32%
30D median: 4.27%
30D range: 3.66% to 5.26%
30D trend: +0.1%

Loading history

Loading 30-day APY history…

Where the yield comes from

The reported yield primarily comes from borrower interest paid into this lending market.

What can reduce the rate

Yield may fall if borrowing demand decreases or token incentives are reduced.

Risk detail

Yield.ly's risk assessment summarizes observable factors and data coverage. It is not an audit, credit rating, guarantee, or recommendation. Smart contracts, assets, protocols, custodians, and market conditions can fail in ways the model does not detect.

Watch

Yield.ly did not verify an audit report covering this specific opportunity.
Oracle design is unknown for an oracle-dependent product.

Strengths

Substantial persistent liquidity on record.
Predominantly base yield rather than token incentives.
Thirty-day observation history available.

Unknowns

Contract deployment age is not verified.
Upgradeability is unknown.
Oracle provider is unknown for an oracle-dependent product.

Risk dimensions

Principal risks

Yield.ly did not verify an audit report covering this specific opportunity.
Oracle design is unknown for an oracle-dependent product.

Exposure

Exposure type: Multi-asset position
Assets: USDT + USDT

User deposits USDT. User deposits USDT. Funds enter Fluid on ethereum. USDT introduces Tether Limited custodian exposure. USDT introduces Tether Limited custodian exposure. Exit via withdrawal from lending market.