Frequently asked questions

You do. SharpByte never takes custody. A deposit is a transaction from your wallet to the vault contract, which mints vault shares back to your address — those shares are an ERC-20 token in your wallet, and holding them is what makes the position yours.

SharpByte keeps no record of who holds what. The portfolio page works by reading share balances from chain against your address, which is why a deposit made on any other frontend appears there too.

Deposits are lent into Morpho Blue markets against collateral. Borrowers post collateral, borrow the vault’s asset, and pay interest; that interest, less any fee, accrues to the vault and so to your shares. Your share count does not change — each share becomes worth more of the underlying asset.

SharpByte’s role is curation: choosing which markets the vault lends into and the caps on each. The markets and their parameters are listed on every vault page.

Today, SharpByte USDT Prime charges 0.00% performance fee and 0.00% management fee. Current figures for every vault are on its detail page, taken from the contract.

Fee changes are not timelocked. The vault owner can change the performance or management fee with no delay, so today’s figure is a fact about today rather than a commitment. Other changes are slower — adding or removing a market adapter, and raising a supply cap, each carry a seven-day timelock. Every vault page lists the timelocks currently in force.

It depends on how much of the vault is sitting idle rather than lent out. A withdrawal is paid from the vault’s uninvested balance, and only that balance can be paid immediately.

Right now SharpByte USDT Prime holds 0.0000% of its assets idle — 0.00 USDT. Anything beyond that cannot be withdrawn in a single transaction today.

This is the honest constraint of a vault that is doing its job: capital earns because it is lent, and lent capital is not sitting in the vault waiting. The withdraw panel shows the amount available immediately and will not offer a maximum the vault cannot pay.

Recalling a larger amount means deallocating from the underlying markets. That is possible, and is not yet an action this app performs — contact SharpByte to arrange a withdrawal larger than the available balance.

Deposits carry risk of loss, including loss of principal.

• Borrower default. Loans are overcollateralised and liquidated when a borrower’s debt crosses the market’s liquidation threshold, but a sharp price move or a failed liquidation can leave bad debt, which the vault bears.
• Liquidity. As above, you may not be able to withdraw the full position immediately.
• Smart contracts. Your assets sit in contracts — the vault, its adapters, and the Morpho Blue markets beneath. A flaw in any of them can lose funds.
• Oracles. Liquidation depends on price feeds. A wrong or stale price can trigger bad liquidations or prevent good ones.
• Curation. SharpByte chooses which markets the vault lends into and how much. A poor choice is a real risk, and it is ours.
• Privileged roles. The vault has an owner, curator, sentinel and allocator, each able to change some part of its configuration. Every role and its address is listed on the vault page, along with the delays that apply.

No. APY is variable — it moves with borrowing demand in the underlying markets and can fall to zero. The figure shown is the rate at the moment the page was generated, and past performance does not predict future returns.

Each vault also has a configured maximum rate, shown on its page as a rate ceiling. That is a cap on what the vault can pay, not a projection and not a target.

Connect a wallet, open a vault from the directory, and use the deposit panel. You will approve the exact amount you are depositing rather than an unlimited allowance, so approving costs one signature per deposit and never leaves a standing permission behind.

Some tokens — USDT among them — require an existing approval to be cleared before a new one is set. Where that applies the panel says so before you start, because it means an extra signature.