Best Stablecoin Yields in DeFi
The top stablecoin vault currently offers a 199.29% 7-day average APY. The table below ranks 50 stablecoin vaults (USDC, USDT, DAI, USDS) by 7-day average APY. Rates update daily at 06:00 UTC.
Last updated: October 15, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Concrete | Concrete Decentralized Finance USDT | Ethereum | 199.29% | $17M | High |
| Midas | Morini CarryTradeUSDTRYLeverage Vault | Ethereum | 37.31% | $12M | Med |
| Harvest Finance | Harvest 40 Acres USDC | Base | 24.87% | $2M | Med |
| Midas | Midas M1 USD Market Neutral | Ethereum | 24.37% | $26M | Med |
| Avantis | Avantis USDC Vault | Base | 19.15% | $10M | High |
| Upshift Finance | NEMO USDC Yield | Ethereum | 16.79% | $13M | Med |
| Lagoon | Syntropia USDC Core | Ethereum | 15.47% | $1M | Med |
| Wildcat | Kain Warwick USD Coin | Ethereum | 14.91% | $6M | Med |
| Accountable | SPICE Credit | Ethereum | 14.67% incl. 0.68% rewards | $1M | Med |
| Lagoon | DeltaUSD HyperLiquid USDN Funding Arb | Ethereum | 14.55% | $1M | Med |
| Ember | Ember Pharos Alpha | Ethereum | 12.89% | $3M | Med |
| Accountable | Morini FXArbUSDTRY | Ethereum | 12.09% | $3M | Med |
| Morpho | 9Summits Piku Ecosystem USDC | Ethereum | 12.07% | $1M | Med |
| Arcadia | Arcadia USDC | Base | 11.13% | $3M | Med |
| Morpho | Clearstar USDC Core | Ethereum | 10.68% incl. 4.62% rewards | $2M | Med |
| Wildcat | Auros USD Coin | Ethereum | 10.44% | $8M | Med |
| Wildcat | Key USD Coin | Ethereum | 10.44% | $2M | Med |
| Wildcat | Hyperithm WildcatFast USD Coin | Ethereum | 10.44% | $1M | Med |
| Lagoon | 1212.Stable | Ethereum | 10.31% | $2M | Med |
| Lagoon | Tulipa USDC | Ethereum | 10.07% | $8M | Med |
| Wildcat | Selini USD Coin | Ethereum | 9.89% | $10M | Med |
| Wildcat | Selini Tether USD | Ethereum | 9.89% | $8M | Med |
| Lagoon | Gami USDC | Ethereum | 9.54% | $9M | Med |
| Midas | Midas Apollo Crypto | Ethereum | 9.54% | $8M | Med |
| Ember | Ember Earn | Ethereum | 9.44% | $4M | Med |
| Accountable | ONyC Core | Ethereum | 9.44% | $3M | Med |
| Ember | Bitwise Premium+ | Ethereum | 9.15% | $6M | Med |
| Morpho | Noon Ecosystem Vault | Base | 9.14% incl. 4.60% rewards | $3M | Med |
| Wildcat | Wintermute Trading Tether USD | Ethereum | 9.08% | $48M | Med |
| Ember | Ember Y10K | Ethereum | 9.02% | $18M | Med |
| Midas | Morini StockMarketTRBasisTrade Vault | Ethereum | 8.96% | $3M | Med |
| Wildcat | Wintermute Trading USD Coin | Ethereum | 8.88% | $73M | Med |
| Yearn | DAI to USDS Depositor | Ethereum | 8.86% | $2M | Med |
| Morpho | Kabu USDC | Ethereum | 8.67% | $1M | Med |
| Morpho | RockawayX f(x) Protocol Ecosystem USDC | Ethereum | 8.61% incl. 4.84% rewards | $20M | Med |
| Morpho | Steakhouse High Yield Turbo | Ethereum | 8.53% | $2M | Med |
| Morpho | Steakhouse High Yield USDC | Arbitrum | 8.45% | $2M | High |
| Ultrayield | UltraYield USD | Ethereum | 8.21% | $6M | Med |
| Midas | Turtle Huma PST Vault | Ethereum | 8.18% | $3M | Med |
| Yearn | USDC to USDS Depositor | Ethereum | 8.12% | $5M | Med |
| Lagoon | Syntropia USDC | Ethereum | 7.83% | $12M | Med |
| Aave | Aave Horizon RWA USDC | Ethereum | 7.83% | $3M | High |
| Yearn | USD yVault | Ethereum | 7.56% | $11M | Med |
| Upshift Finance | Sentora USD | Ethereum | 7.51% | $97M | Med |
| Morpho | Waterline Reservoir USDC | Ethereum | 7.30% incl. 1.77% rewards | $13M | High |
| Euler | Euler Prime USDC | Ethereum | 7.24% | $2M | High |
| Morpho | Steakhouse Confidential Prime USDC | Ethereum | 7.20% | $35M | Med |
| Morpho | Api3 dCOMP USDC | Ethereum | 7.16% | $16M | High |
| Midas | Midas Fasanara ONE | Ethereum | 7.13% | $66M | Med |
| Fluid | Fluid Lite USD Vault | Ethereum | 7.12% | $43M | High |
Where does this yield come from?
Stablecoin yield in DeFi comes from three sources: lending interest (borrowers pay to access liquidity), automated market making fees (from liquidity pools), and protocol incentives (token rewards). Base yield is organic and tracks the demand to borrow stablecoins for leverage and liquidity. DAI and USDS additionally earn from the Sky/MakerDAO DSR (DAI Savings Rate).
Risk considerations
Different stablecoins carry different risk profiles: USDC and USDT are centrally issued fiat-backed stablecoins; DAI and USDS are decentralized and collateral-backed. Beyond stablecoin issuer risk, DeFi vaults carry smart contract and protocol insolvency risk. No stablecoin yield in DeFi is insured.
Frequently asked questions
What is the best stablecoin yield in DeFi right now?
The highest 7-day average stablecoin APY is currently 199.29%, from Concrete Decentralized Finance USDT on Ethereum. Across 50 stablecoin vaults (USDC, USDT, DAI, USDS), rates range from 7.12% to 199.29%. Data sourced from vaults.fyi, updated daily.
Which stablecoin has the highest DeFi yield — USDC, USDT, DAI, or USDS?
Yields across stablecoins are driven by borrowing demand and protocol incentives, so the top-yielding stablecoin changes over time. USDC and USDT vaults are the most liquid and typically offer the most options. DAI and USDS can offer higher rates during periods of strong protocol incentive emissions. The table above shows the current ranking across all four.
What are the risks of stablecoin yield in DeFi?
Key risks: smart contract vulnerabilities in the lending protocol, stablecoin de-peg risk (the underlying stablecoin losing its dollar peg), protocol insolvency, and oracle manipulation. Reward yield carries additional risk if protocol token prices fall. No DeFi deposit is insured.
How does DeFi stablecoin yield compare to traditional savings accounts?
DeFi stablecoin yields have historically ranged from 2% to 15%+ depending on market conditions, compared to 4-5% for US high-yield savings accounts in 2024-2025. DeFi yields are higher-risk and carry no government-backed insurance. During bear markets, DeFi rates often fall below traditional savings rates.
Related pages
- Best USDC Yields in DeFi
- Best USDT Yields in DeFi
- USDS Yield in DeFi — Live Rates
- DAI Yield in DeFi — Live Rates
- USDe / sUSDe Yield in DeFi — Live Rates
- Morpho Vault APY — Live Rates
- Aave USDC APY — Live Rate
Data sourced from vaults.fyi, updated daily. Last updated: October 15, 2026. Explore all vaults.