USDT Compound V3
About USDT Compound V3
USDT Compound V3 is an autocompounder on Arbitrum with USDT as its underlying token, in which the yield is distributed. It earns yield from its underlying lending venue and automatically converts any claimed rewards into more USDT, removing the manual claim and conversion steps a user would otherwise need to perform on their own.
Rewards earned by the strategy (COMP) are periodically converted into USDT and added back to the vault. Autocompounding events run when economically feasible, anywhere from hourly to several days apart, with gas costs socialised across all holders rather than borne by each user individually.
Live since November 2024. Currently indexed at $13 TVL, with a 2.41% 24-hour APY and 2.43% across the trailing 30 days.
Performance Overview
Historical indexer data. Past onchain performance is not a predictive forecast.
Market benchmarking
USDT Gauntlet
HyperEVM5.76%$4#2USDT FelixHyperEVM5.70%$1#3USDT Felix FrontierHyperEVM5.62%$1#7USDT Aave
Polygon3.18%$1KUSDT Compound V3You are here
Arbitrum2.41%$13USDT Steakhouse Prime V2
Ethereum2.15%$183K#10USDT CompoundPolygon1.22%$6#11USDT HypurrHyperEVM1.02%$3Among the 11 USDT strategies we currently monitor, this product ranks #8. Its 2.41% yield runs 12.1% higher than the cohort average of 2.15%. On a $1,000 position, that's ~$0.22 per month higher than the cohort average. 7 strategies in the cohort are currently delivering higher APY; 3 are delivering lower. It currently holds $13 in TVL, ranking #4 of 11 by TVL.
Ecosystem context
On Arbitrum, this product's yield runs 27.4% lower than the network average across the USDT strategies we monitor. By APY it ranks #3 of 3 in that set. Yields on Arbitrum for USDT have averaged 3.32% in our index.
USDT on Arbitrum#3 of 3See all 3 USDT strategies on ArbitrumBy TVL, this product ranks #2 of 3 USDT strategies on Arbitrum in our index.
Yield trajectory
Historical indexer data. Past onchain performance is not a predictive forecast.
Strategy stability
Based on APY volatility over the last 30 days. Higher scores indicate steadier yields.
USDTThis strategy currently holds $13, below our $50K liquidity mark. Thin liquidity can mean higher slippage on entry and exit, and the headline yield can be skewed by a small number of holders.
Long-term performance
- Share price has compounded at an annualized rate of 4.72% over 699 days, growing from 1.0000 to 1.0923. This represents a gain of ~0.092 USDT per 1 USDT supplied at launch.
- TVL experienced a 97% drawdown from its $484 peak, bottoming at $13 over 330 days. It currently stands at $13, 3% of the peak value.
- Best performing month was January 2025 at 39.48% average APY; weakest was June 2026 at 1.88%. The spread between best and worst months represents ~$31 per $1,000 per month.
Historical statistics
Over the past 692 days, this vault's APY has moved from an early average of 10.75% to a recent average of 2.21%, a 79.5% decrease. At the start of the window, $1,000 would have earned ~$8.96/mo at then-current rates; at recent rates, ~$1.84/mo.
Total value locked currently sits at $13, which is 3% of its all-time peak of $484 reached on December 2024.
APY
| 30D Low | 2.30% |
|---|---|
| 30D High | 2.59% |
| 30D Average | 2.43% |
| Lifetime avg (699d) | 4.66% |
| Median APY | 2.43% |
| Best day | 2.59% · Sep 25 |
| Worst day | 2.30% · Oct 22 |
| Volatility | ±0.10% |
| APY range | 0.30pp |
TVL
| 30D Low | $13 |
|---|---|
| 30D High | $13 |
| 30D Average | $13 |
| Lifetime avg (699d) | $35 |
| Median TVL | $13 |
| Best day | $13 · Oct 22 |
| Worst day | $13 · Sep 23 |
| Current TVL | $13 |
| Largest daily change | <$1 |
Historical Data
Download CSV| Date | APY |
|---|---|
| Oct 22, 2026 | 2.30% |
| Oct 20, 2026 | 2.31% |
| Oct 18, 2026 | 2.33% |
| Oct 15, 2026 | 2.34% |
| Oct 13, 2026 | 2.33% |
| Oct 11, 2026 | 2.43% |
| Oct 9, 2026 | 2.44% |
Strategy details
Frequently Asked Questions
What's the current APY for USDT Compound V3?
USDT Compound V3 is showing a 24-hour APY of 2.41%, with a 30-day average of 2.43%. Rates are variable and move with market conditions, liquidity, and the underlying protocol's incentives. The figures reflect the realised yield over the trailing window; they are not a forward guarantee.
How does the autocompounding work?
The strategy holds positions in its underlying lending venue and periodically claims any rewards that accrue. Those rewards (COMP) are then converted into more USDT and added back to the vault, increasing the value of each holder's share. The process repeats automatically; holders are not required to claim, swap, or add anything back themselves. Autocompounding events run when economically feasible, anywhere from hourly to several days apart, with gas costs socialised across all holders.
Can I withdraw at any time?
There are no withdrawal periods or lockups. If the underlying strategy holds enough liquidity to satisfy the request, exits are instant. During periods of liquidity stress in the underlying venue, withdrawal capacity can be limited until liquidity returns. See the risk page for details on how this works.
Where does the yield come from?
Yield is sourced from its underlying lending venue. The income stream is a combination of interest paid by the underlying market and reward emissions in COMP, which the strategy claims and converts back into USDT on a recurring basis. The rate moves with the underlying venue's utilisation and incentive schedule.
How stable has the APY been?
Over the last 30 days, this vault's APY has ranged from 2.30% to 2.59%, averaging 2.43%, with measured volatility of ±0.10%. The Strategy stability section above shows where this falls on the scale from very volatile to very consistent.
How much is currently in the vault?
The vault currently holds $13 in TVL. The Historical statistics section above shows how this compares to the vault's 30-day range and lifetime peak.
What are the risks?
Like any onchain yield strategy, this vault is exposed to smart contract risk in both the Harvest contracts and its underlying lending venue, market risk in the underlying venue it routes to, and protocol-specific risks of the assets it interacts with. Harvest's core vault infrastructure was audited by Halborn in January 2025. Audits reduce but do not eliminate risk.
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Harvest is an onchain yield index. Performance data reflects historical onchain activity and is not a forecast. See the methodology, risk framework, terms, and disclosures for details on how data is calculated and the risks associated with onchain yield strategies.