Best Stablecoin Yields in DeFi
The top stablecoin vault currently offers a 67.31% 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: July 03, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Ember | Crosschain USD Vault | Ethereum | 67.31% | $2M | Med |
| Morpho | Api3 dCOMP USDC | Ethereum | 32.67% | $9M | Med |
| Upshift Finance | Upshift Gamma USDC Vault | Ethereum | 32.24% | $2M | Med |
| Lagoon | Syntropia USDC Core | Ethereum | 22.98% | $1M | Med |
| Wildcat | Kain Warwick USD Coin | Ethereum | 22.59% | $7M | Low |
| Morpho | Alpha USDC Forex V2 | Ethereum | 19.29% | $2M | Med |
| Euler | YieldNest Max USDC | Ethereum | 17.82% | $1M | Med |
| Midas | Midas Fasanara ONE | Ethereum | 16.76% | $71M | Med |
| Accountable | SPICE Credit | Ethereum | 14.61% | $1M | Low |
| Ember | Ember Pharos Alpha | Ethereum | 13.58% | $10M | Med |
| Accountable | ONyC Core | Ethereum | 13.53% | $2M | Low |
| Wildcat | Hyperithm Wildcat USD Coin | Ethereum | 13.22% | $1M | Low |
| Morpho | Clearstar USDC Reactor | Ethereum | 12.48% | $2M | High |
| Wildcat | Hyperithm WildcatFast USD Coin | Ethereum | 12.17% | $1M | Low |
| Wildcat | Selini USD Coin | Ethereum | 12.11% | $8M | Low |
| Harvest Finance | Harvest 40 Acres USDC | Base | 11.79% | $2M | Med |
| Wildcat | Selini Tether USD | Ethereum | 11.27% | $6M | Low |
| Midas | Midas Hyperithm | Ethereum | 11.00% | $46M | High |
| Wildcat | Auros USD Coin | Ethereum | 11.00% | $7M | Low |
| Morpho | Alpha Core V2 | Ethereum | 10.97% | $5M | Med |
| Wildcat | Wintermute Trading Tether USD | Ethereum | 10.60% | $57M | Low |
| Morpho | Clearstar USDC Core | Ethereum | 10.52% | $2M | Med |
| Euler | Clearstar Noon | Base | 10.49% incl. 3.79% rewards | $4M | Med |
| Wildcat | Auros Tether USD | Ethereum | 10.34% | $3M | Low |
| Wildcat | Wintermute Trading USD Coin | Ethereum | 10.27% | $71M | Low |
| Avantis | Avantis USDC Vault | Base | 10.23% | $30M | High |
| Tokemak | Tokemak autoUSD | Ethereum | 10.14% incl. 0.21% rewards | $7M | Med |
| Morpho | Waterline InfiniFi USDC | Ethereum | 9.89% incl. 4.62% rewards | $4M | Med |
| Lagoon | 1212.Stable | Ethereum | 9.84% | $2M | Med |
| Yearn | Morpho Yearn OG USDC Compounder | Ethereum | 9.59% | $6M | Med |
| Midas | Midas mEDGE | Ethereum | 9.58% | $2M | High |
| Morpho | Gauntlet DAI Core | Ethereum | 9.56% | $2M | High |
| Morpho | Re Ecosystem Vault | Ethereum | 9.50% | $8M | Med |
| Harvest Finance | Harvest Morpho - Gauntlet Frontier USDC | Ethereum | 8.94% | $1M | Med |
| Fluid | Fluid Lite USD Vault | Ethereum | 8.85% | $35M | High |
| Morpho | RockawayX USDC Yield | Ethereum | 8.83% | $7M | Med |
| Ember | Ember Earn | Ethereum | 8.83% | $3M | Med |
| Morpho | kpk USDC Yield V2 | Ethereum | 8.72% | $6M | Med |
| Ultrayield | UltraYield USD | Ethereum | 8.33% | $5M | Med |
| Upshift Finance | Sentora USD | Ethereum | 7.97% | $18M | Med |
| Midas | Midas Apollo Crypto | Ethereum | 7.86% | $8M | High |
| Morpho | Alpha USDC Core | Ethereum | 7.80% | $2M | High |
| Morpho | August USDC V2 | Ethereum | 7.76% | $5M | Med |
| Fluid | Fluid USDT | Ethereum | 7.66% incl. 0.55% rewards | $123M | High |
| Mellow | Lido EarnUSD | Ethereum | 7.59% | $33M | Med |
| Lagoon | Gami USDC | Ethereum | 7.49% | $6M | Med |
| Morpho | sky.money USDC Risk Capital | Ethereum | 7.22% | $16M | Med |
| Tokemak | Tokemak baseUSD | Base | 7.18% incl. 0.73% rewards | $7M | Med |
| Morpho | Saturn USDC | Ethereum | 7.12% incl. 2.54% rewards | $3M | Med |
| Euler | Euler Prime USDC | Ethereum | 7.07% | $1M | 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 67.31%, from Crosschain USD Vault on Ethereum. Across 50 stablecoin vaults (USDC, USDT, DAI, USDS), rates range from 7.07% to 67.31%. 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: July 03, 2026. Explore all vaults.