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Vault Bridge USDT

Risk reportEthereum0xc54b…8a8d

Risk

Depositing into Vault Bridge USDT means underwriting risks you usually can't see: how much you could lose, whether you'd get out in time, and what would cover it.

Morpho BlueVault (aggregates across markets)
How much could be lost?
40%of your deposit if collateral falls 50%Only smart-contract bug reaches a total 100%, with no warning to exit.
Can I exit?
Via underlying marketsonly governance changes give a 3-day timelock to exit — every other modeled failure is no-warning
What backs it?
No committed backstopnothing committed would cover a loss
Track record
No pool-level losses recorded36 audits, latest Dec 15, 2025

Collateral and oracle exposure

Each token you're exposed to, and the market it backs. If that market breaks, this is how much the vault loses, in dollars and as a share of the vault. Open a row for the price feed, stress curve, and supply-cap detail. Below, the oracles those prices depend on and what is at stake if one is compromised.

If collateral prices dropper asset · no liquidations · stress estimate
est. bad debt up to 20% of deposit

Driven by sUSDS −30% 9% · wstETH −30% 6% · WBTC −30% 5% · other <1% · −100% 92% modeled all-to-zero bad-debt ceiling

sUSDSsUSDSHybrid32%of vault · bad debt · $1.04mOracle exposure 3%

What it's made of

Hybrid· Chainlink(aggregator, composite)

sUSDS mixes exchange-rate/NAV (ERC4626 vault share-rate) with market-rate (DAI / USD, USDT / USD) — insulated from ERC4626 vault share-rate market deviation, but exposed to DAI / USD, USDT / USD.

BaseDAI / USDMarketChainlinkQuoteUSDT / USDMarketChainlinkBaseERC4626 vault share-rateVault
Heartbeat 24h · Deviation 25bps
Markets this collateral backs · 2
  • → USDT97% LLTV0x1c7d…2f9cChainlink
  • → USDT97% LLTV0x0c42…4c79Chainlink
Room to grow: $1.14m of $54.98m cap (2% used)Aggregate Collateral Trust (ACT):$6.51m23 vaultsToken:0xa393…7fbdAllocation: 35% of the vault · $1.14m

If it breaks

−30% default
At −30%:est. bad debt up to 9% of depositUses 2 market LLTV curves · capped at allocation $1.14m · drag to set this asset's drop
Oracle exposure: up to 3% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
wstETHwstETHMarket31%of vault · bad debt · $1.02mOracle exposure 3%

What it's made of

Market· Chainlink(composite)

wstETH is priced via Custom price feed for wstETH / ETH, quoted in USDT / ETH — 2-hop market-rate feeds (Chainlink).

BaseCustom price feed for wstETH / ETHMarketQuoteUSDT / ETHMarketChainlink
Heartbeat 24h · Deviation 100bps
Markets this collateral backs · 1
  • → USDT86% LLTV0x95db…6992Chainlink
Room to grow: $1.11m of $199.93m cap (<1% used)Aggregate Collateral Trust (ACT):$934.63m106 vaultsToken:0x7f39…2ca0Allocation: 34% of the vault · $1.11m

If it breaks

−30% default
At −30%:est. bad debt up to 6% of depositUses 1 market LLTV curve · capped at allocation $1.11m · drag to set this asset's drop
Oracle exposure: up to 3% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
WBTCWBTCMarket29%of vault · bad debt · $944,833Oracle exposure 3%

What it's made of

Market· Chainlink(aggregator)

WBTC is priced via WBTC / BTC × BTC / USD, quoted in USDT / USD — 3-hop market-rate feeds (Chainlink).

BaseWBTC / BTCMarketBTC / USDMarketChainlinkQuoteUSDT / USDMarketChainlink
Heartbeat 24h · Deviation 50bps
Markets this collateral backs · 1
  • → USDT86% LLTV0x008b…e1efChainlink
Room to grow: $1.03m of $99.96m cap (1% used)Aggregate Collateral Trust (ACT):$400.16m89 vaultsToken:0x2260…c599Allocation: 31% of the vault · $1.03m

If it breaks

−30% default
At −30%:est. bad debt up to 5% of depositUses 1 market LLTV curve · capped at allocation $1.03m · drag to set this asset's drop
Oracle exposure: up to 3% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price
cbBTCcbBTCMarket0.2%of vault · bad debt · $6,888Oracle exposure <0.1%

What it's made of

Market· Chainlink(aggregator)

cbBTC is priced via BTC / USD — market-rate feed (Chainlink).

BaseBTC / USDMarketChainlink
Heartbeat 1h · Deviation 50bps
Markets this collateral backs · 1
  • → USDT86% LLTV0x0e05…38acChainlink
Room to grow: $7,439 of $99.96m cap (<1% used)Aggregate Collateral Trust (ACT):$465.74m102 vaultsToken:0xcbb7…33bfAllocation: 0.2% of the vault · $7,439

If it breaks

−30% default
At −30%:est. bad debt up to <0.1% of depositUses 1 market LLTV curve · capped at allocation $7,439 · drag to set this asset's drop
Oracle exposure: up to <0.1% of vault drainable if the feed is compromisedseparate path: an attacker borrows against a fake price

Oracle dependencies

1 feed · 1 control point

Up to8%of vault drainable if these feeds are mispriced · $273,881

Each price traces to a feed and the on-chain admin that can move it. Compromise either to misprice the collateral and borrow against it. Per-row amounts overlap and are not summed.

  • Chainlink·a 4/9 Safe multisigprices cbBTC, WBTC, wstETH, sUSDS0x21f7…73ca8% of vault · $273,881drainable if it is compromised
Updated Sep 30, 2026Sources:on-chain reads via @defillama/sdkhttps://hub.snapshot.org/graphqlhttps://api.morpho.org/graphql