Best USDT Yields in DeFi
The top USDT vault currently offers a 13.16% 7-day average APY. The table below ranks 40 USDT vaults by 7-day average APY. Rates update daily at 06:00 UTC.
Last updated: August 23, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Yearn | Yearn v2 USDT | Ethereum | 13.16% | $4M | High |
| Lagoon | DeltaUSD HyperLiquid USDN Funding Arb | Ethereum | 10.92% | $1M | Med |
| Morpho | SharpByte USDT Prime | Ethereum | 10.49% | $5M | Med |
| Wildcat | Selini Tether USD | Ethereum | 10.37% | $8M | Med |
| Wildcat | Wintermute Trading Tether USD | Ethereum | 9.52% | $47M | Med |
| Concrete | Concrete Decentralized Finance USDT | Ethereum | 6.81% | $29M | High |
| Compound | Compound v3 USDT | Optimism | 5.54% | $2M | High |
| Fluid | Fluid USDT | Ethereum | 4.69% | $132M | High |
| Morpho | Safe x Smokehouse USDT | Ethereum | 4.56% | $2M | Med |
| Syrup | Syrup USDT | Ethereum | 4.28% | $424M | High |
| Morpho | sky.money USDT Savings | Ethereum | 4.05% incl. 0.82% rewards | $63M | High |
| Morpho | Smokehouse USDT | Ethereum | 3.91% | $23M | High |
| Morpho | Gauntlet USDT Frontier V2 | Ethereum | 3.88% | $2M | Med |
| Morpho | Trezor Steakhouse USDT Prime | Ethereum | 3.36% incl. 0.50% rewards | $17M | Med |
| Morpho | Gauntlet USDT Prime | Ethereum | 3.25% | $6M | High |
| Metmorpho | Yearn USDT | Ethereum | 3.24% | $3M | Low |
| Morpho | kpk USDT Prime V2 | Ethereum | 3.23% | $2M | Med |
| Yearn | USDT-1 yVault | Ethereum | 3.21% | $7M | Med |
| Morpho | Steakhouse High Yield Instant | Ethereum | 3.20% | $2M | Med |
| Morpho | Uniswap USDT | Ethereum | 3.18% | $1M | Med |
| Morpho | Steakhouse Prime Instant | Ethereum | 3.17% | $58M | High |
| Morpho | Gauntlet USDT Prime | Ethereum | 3.16% | $4M | Med |
| Spark | Spark USDT | Ethereum | 3.14% | $392M | High |
| Morpho | Galaxy USDT Quality | Ethereum | 3.14% | $27M | Med |
| Morpho | Gauntlet USDT Frontier | Ethereum | 3.08% | $11M | High |
| Morpho | Safe x Steakhouse USDT | Ethereum | 3.07% | $3M | Med |
| Compound | Compound v3 USDT | Ethereum | 3.07% | $179M | High |
| Aave | Aave v3 USDT | Ethereum | 3.06% | $2.9B | High |
| Spark | Spark Savings USDT | Ethereum | 3.00% | $362M | High |
| Morpho | Steakhouse USDT | Ethereum | 3.00% | $91M | High |
| Morpho | Gaunlet USDT Prime | Ethereum | 2.90% | $3M | Med |
| Flying Tulip | Flying Tulip Lend USDT | Ethereum | 2.69% incl. 2.69% rewards | $1M | Low |
| Morpho | Vault Bridge USDT | Ethereum | 2.68% | $4M | High |
| Morpho | Hakutora USDT | Ethereum | 2.65% | $7M | High |
| Morpho | Gauntlet USDT Core | Ethereum | 2.61% | $5M | Med |
| Aave | Aave v3 USDT | Optimism | 2.54% | $4M | High |
| Morpho | Spark Blue Chip USDT Vault | Ethereum | 2.31% | $10M | Med |
| Venus | Venus USDT (Core) | Ethereum | 1.30% | $1M | Med |
| Lista | Lista USDT Savings Vault | Ethereum | 0.34% | $3M | Med |
| Aave | Aave v2 USDT | Ethereum | 0.13% | $13M | High |
Where does this yield come from?
USDT yield in DeFi comes from lending interest paid by borrowers, liquidity provision fees, and protocol incentive rewards. USDT borrowing demand tracks overall DeFi leverage activity.
Risk considerations
USDT carries Tether counterparty risk in addition to standard DeFi risks (smart contract vulnerabilities, protocol insolvency). Review the protocol's audit status, TVL, and insurance coverage before depositing.
Frequently asked questions
What is the best USDT yield available in DeFi right now?
The highest 7-day average USDT APY is currently 13.16%, from Yearn v2 USDT on Ethereum. Rates across 40 tracked vaults range from 0.13% to 13.16%. Data sourced from vaults.fyi, updated daily.
How does USDT yield compare to USDC yield in DeFi?
USDT and USDC yields track each other closely because they serve similar roles in DeFi lending markets. USDT sometimes carries a small premium due to slightly different liquidity and risk profiles. The gap rarely exceeds 0.5% under normal market conditions.
Where does USDT yield in DeFi come from?
USDT yield comes from lending interest paid by borrowers and from protocol incentive rewards. Base yield tracks stablecoin borrowing demand, which rises during periods of high leverage in DeFi. Reward yield varies with protocol token prices and emissions.
What are the risks of DeFi USDT yield?
USDT yield in DeFi carries smart contract risk, protocol insolvency risk, and Tether issuer risk (USDT is issued by Tether Ltd, a centralized entity). Review audits and protocol TVL before depositing. There is no deposit insurance in DeFi.
Related pages
- Best USDC Yields in DeFi
- Best Stablecoin Yields in DeFi
- Morpho Vault APY — Live Rates
- Aave USDC APY — Live Rate
Data sourced from vaults.fyi, updated daily. Last updated: August 23, 2026. Explore all vaults.