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DeFi (lending)DeFi · Ethereum and others
Theo Network
Author's status: ActiveUpdated: 2026-09-20
I lend USDC in a long-term vault.
Lending and yield
- Deposit
- USDC
- Typical APY
- 6.5–11% a year (by vault)
- Rewards
- Locked-vault yield paid in thUSD, plus thUSD points
- Note
- Core (3-month lock) 6.5%, Core+ (6-month lock) 7.2%, Boost (6-month lock, via Morpho) 11%. All accept thUSD, USDC or USDT and pay out in thUSD (official blog, as of 2026-06-25). sthUSD redemptions have a queue of about two weeks on average.
TGE and points
- Current state
- Second points season. A token has not been officially confirmed.
- TGE
- Not announced
- Points program
- thUSD PointsStarted 2026-06-25. Earned by holding or staking thUSD and in the Core / Core+ / Boost vaults, which have the highest multipliers. The previous season (thBILL points) ended 2026-06-19.
- Community allocation
- No token announced and the allocation is unknown.
Team, funding and user base
- Base
- Unverified
- Founders / leads
- Not publishedFounded by former Optiver traders (press reports). Founder names were not verified in this research.
- VC funding
- $20M$20M on 2025-04-22 (Hack VC, Anthos Capital and others). The $100M "Genesis Vault" in March 2026 is capacity for deposits, not equity funding.
- Key investors
- Hack VC, Anthos Capital, Manifold Trading, Mirana Ventures, Flowdesk, Amber Group
- X followers
- 119.5K@Theo_Networkas of 2026-09-20
Risks and caveats
- thUSD yield comes mainly from gold arbitrage and carry trades. Principal is not guaranteed like a dollar deposit.
- Vaults lock for 3–6 months with no early withdrawal. sthUSD redemptions also take about two weeks.
- The Boost vault goes through Morpho, adding another layer of DeFi smart-contract risk.
- Conditions for users in Japan are unverified.
Links
Start on Theo Network (ref link)
This is a referral link. The author may be rewarded when you sign up or trade. What is written here is not tied to those rewards.
Sources
This page is for information only and is not a solicitation to use any crypto asset or service. Airdrops and their amounts are not guaranteed, and you may lose the funds you deposit.