Best Stablecoin Yields in DeFi

The top stablecoin vault currently offers a 21474836.47% 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: June 10, 2026 · Data: vaults.fyi

ProtocolVault (links to app)Network7-day APYTVLReputation
MorphoGauntlet USDC FrontierBase21474836.47%$1MMed
AccountableMorini FXArbUSDTRYEthereum279.81%$10MLow
AccountableSPICE CreditEthereum136.85%$1MLow
EulerYieldNest Max USDCEthereum25.31% incl. 7.49% rewards$1MMed
MorphoApyx USDCEthereum21.48%$6MMed
WildcatKain Warwick USD CoinEthereum20.65%$7MLow
MidasMidas M1 USD Market NeutralEthereum15.91%$29MMed
EmberEmber Pharos AlphaEthereum12.51%$38MMed
WildcatHyperithm Wildcat USD CoinEthereum12.08%$1MLow
Upshift FinanceSingularV USDC Max Yield Ethereum11.60%$2MMed
WildcatMNNC Trading USD CoinEthereum11.58%$2MLow
TokemakTokemak siloUSDEthereum11.41%$2MMed
WildcatSelini USD CoinEthereum11.06%$8MLow
WildcatSelini Tether USDEthereum11.03%$4MLow
WildcatHyperithm WildcatFast USD CoinEthereum10.95%$2MLow
MorphoAlpha Enhanced V2Ethereum10.80%$3MMed
MidasMidas Fasanara ONEEthereum10.50%$67MMed
WildcatAuros USD CoinEthereum10.50%$5MLow
MorphoAlpha USDC Prime V2Ethereum10.33%$9MMed
Lagoon1212.StableEthereum10.13%$2MMed
MorphoAlpha USDC Asia V2Ethereum9.97%$8MMed
MidasMidas HyperithmEthereum9.89%$33MHigh
WildcatWintermute Trading Tether USDEthereum9.47%$57MLow
MorphoAlpha USDC Delta V2Ethereum9.43%$33MMed
WildcatWintermute Trading USD CoinEthereum9.40%$80MLow
MorphoAlpha USDC Forex V2Ethereum9.28%$3MMed
MidasMidas Apollo CryptoEthereum9.16%$8MHigh
FluidFluid Lite USD VaultEthereum9.06%$35MHigh
MorphoAlpha Core V2Ethereum8.65%$13MMed
MorphoApi3 dCOMP USDCEthereum8.50%$9MMed
MoonwellMoonwell USDCBase8.27% incl. 1.02% rewards$15MHigh
Harvest FinanceHarvest 40 Acres USDCBase8.13%$2MMed
EmberEmber EarnEthereum8.12%$5MMed
Harvest FinanceHarvest Morpho - Gauntlet Frontier USDCEthereum7.37%$1MMed
MorphoinfiniFi x Steakhouse USDCEthereum7.28% incl. 2.28% rewards$5MMed
TokemakTokemak baseUSDBase7.18% incl. 1.03% rewards$7MMed
MorphoClearstar USDC CoreEthereum7.16%$7MMed
MorphoClearstar USDC ReactorEthereum7.08%$7MHigh
MorphoLulo USDCEthereum6.87%$4MMed
LagoonGami USDCEthereum6.56%$4MMed
MorphoRe Ecosystem VaultEthereum6.55%$8MMed
MidasMidas Everstake USDEthereum6.50%$4MMed
EulerEuler Prime USDCEthereum6.49%$1MHigh
MorphoHyperithm Morpho USDCEthereum6.37%$7MMed
TokemakTokemak autoUSDEthereum6.35% incl. 0.29% rewards$7MMed
FluidFluid USDCEthereum6.33% incl. 1.23% rewards$105MHigh
MorphoSteakhouse Prime InstantEthereum6.31%$23MMed
MidasMidas mEDGEEthereum6.26%$4MHigh
MorphoSteakhouse USDTEthereum6.20%$93MHigh
Morphokpk USDT Prime V2Ethereum6.20%$2MMed

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 21474836.47%, from Gauntlet USDC Frontier on Base. Across 50 stablecoin vaults (USDC, USDT, DAI, USDS), rates range from 6.20% to 21474836.47%. 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.

Data sourced from vaults.fyi, updated daily. Last updated: June 10, 2026. Explore all vaults.