Deposit USDT into Aave V3's pooled reserve, drawable only against a 100%-blue-chip collateral set (ETH/LST, BTC-family, blue-chip stables) at 73% utilization with $768M idle -- a clean S1-FLAT x P1 anchor with no firing modifier or multiplier; the exotic/credit tail (rsETH, PT-USDe, syrupUSDT) reads frozen or LTV~0 and is correctly excluded.
Risk profile
- ProtocolAaveA⁺ (95)
- StrategySingle-asset lendingA⁺ (96)
- Collateralno collateral flagA (90)
- Liquidity26.8% withdrawable at snapshotB⁺ (77)
- Governanceno flags foundA (92)
- Concentrationtop-5 = 28.30%A⁻ (85)
- Exposure100% blue-chip drawable set (ETH/BTC/stable)
Profile shown. The grade is computed with hard caps, not an average of these axes. Risks
- Low
Bad-debt socialization / shared-pool risk
a liquidation shortfall on ANY drawable collateral (all blue-chip, but ETH/BTC are volatile) is mutualized across USDT suppliers; mitigated by conservative LTV/liqThreshold buffers and proven Aave liquidation machinery
- Low
Withdrawal-liquidity at stress
$768M idle (26.8%) covers normal redemptions and the top-1 exit, but a simultaneous top-5 exit ($809M) marginally exceeds idle -- exit then waits for borrower repayment as the IRM raises rates; structural to pooled lending, not a defect
- Low
Utilization drift
borrowed is at 89.6% of the 2.34B borrow cap; a further utilization climb past 80% would begin to bite the §4.5a withdrawal-liquidity band on a future re-grade
What makes the score
- AnchorS1 single-asset lending × P1 institutional96
- Adjustmentsasset quality −2−2
- Score / 100Composite grade A+94
Contract & governance
- Contract age
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- Audited
- YesOpenZeppelin, Trail of Bits, ABDK Consulting, Spearbit, SigmaPrime, MixBytes, Peckshield, Certora
- Verified
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- Depositor concentrationShare of the vault held by the top 5 wallets. Lower = more distributed. High concentration means one large depositor exiting can drain liquidity.
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- Depeg risk
- known-safe
- Stablecoin safety (Pharos)Pharos.watch grades major stablecoins; this token isn't in their coverage. Shown verbatim from Pharos — not a Yeelds score.
- Not graded by Pharos
- Admin key
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Audited
