Best USDT Yields in DeFi
The top USDT vault currently offers a 199.29% 7-day average APY. The table below ranks 45 USDT vaults 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 |
| Lagoon | DeltaUSD HyperLiquid USDN Funding Arb | Ethereum | 14.55% | $1M | Med |
| Wildcat | Selini Tether USD | Ethereum | 9.89% | $8M | Med |
| Wildcat | Wintermute Trading Tether USD | Ethereum | 9.08% | $48M | Med |
| Morpho | Flowdesk Confidential High Yield USDT | Ethereum | 5.74% incl. 0.26% rewards | $27M | Med |
| Syrup | Syrup USDT | Ethereum | 5.45% | $318M | High |
| Morpho | Wintermute USDT Select | Ethereum | 5.45% | $9M | Med |
| Aave | Aave v4 Bluechip USDT | Ethereum | 4.38% | $3M | Med |
| Fluid | Fluid USDT | Ethereum | 4.17% | $128M | High |
| Morpho | Safe x Smokehouse USDT | Ethereum | 4.15% | $2M | Med |
| Spark | Spark Savings USDT | Ethereum | 3.75% | $726M | High |
| Compound | Compound v3 USDT | Ethereum | 3.68% | $155M | High |
| Aave | Aave v3 USDT | Ethereum | 3.52% | $2.8B | High |
| Aave | Aave v4 Ethena Ecosystem USDT | Ethereum | 3.48% | $3M | Med |
| Spark | Spark USDT | Ethereum | 3.46% | $326M | High |
| Aave | Aave v4 Main USDT | Ethereum | 3.45% | $21M | Med |
| Aave | Aave v4 Forex USDT | Ethereum | 3.40% | $5M | Med |
| Morpho | Smokehouse USDT | Ethereum | 3.29% | $20M | High |
| Aave | Aave v3 USDT | Optimism | 3.29% | $4M | High |
| Flying Tulip | Flying Tulip Lend USDT | Ethereum | 3.24% incl. 3.24% rewards | $2M | Med |
| Morpho | Gauntlet USDT Frontier V2 | Ethereum | 3.16% | $1M | Med |
| Yearn | USDT-1 yVault | Ethereum | 3.08% | $6M | Med |
| Compound | Compound v3 USDT | Optimism | 3.06% | $1M | High |
| Morpho | sky.money USDT Savings | Ethereum | 2.97% incl. 0.78% rewards | $60M | High |
| Morpho | kpk USDT Prime V2 | Ethereum | 2.79% | $1M | Med |
| Morpho | Steakhouse High Yield Instant | Ethereum | 2.58% | $2M | Med |
| Morpho | Wintermute USDT Prime | Ethereum | 2.56% | $2M | Med |
| Morpho | Steakhouse Prime Instant | Ethereum | 2.54% | $67M | High |
| Morpho | Galaxy USDT Quality | Ethereum | 2.53% | $11M | Med |
| Morpho | SharpByte USDT Prime | Ethereum | 2.53% | $2M | Med |
| Morpho | Uniswap USDT | Ethereum | 2.52% | $7M | Med |
| Morpho | Gauntlet USDT Prime | Ethereum | 2.47% | $3M | High |
| Morpho | Steakhouse USDT | Ethereum | 2.42% | $80M | High |
| Morpho | Vault Bridge USDT | Ethereum | 2.40% | $3M | High |
| Morpho | Yearn USDT | Ethereum | 2.40% | $3M | Med |
| Morpho | Gauntlet USDT Frontier | Ethereum | 2.38% | $9M | High |
| Morpho | Safe x Steakhouse USDT | Ethereum | 2.30% | $3M | Med |
| Morpho | Trezor Steakhouse USDT Prime | Ethereum | 2.28% | $18M | Med |
| Morpho | Spark Blue Chip USDT Vault | Ethereum | 2.27% | $79M | Med |
| Morpho | Hakutora USDT | Ethereum | 2.14% | $6M | High |
| Morpho | Gaunlet USDT Prime | Ethereum | 2.10% | $1M | Med |
| Morpho | Gauntlet USDT Core | Ethereum | 2.02% | $3M | Med |
| Venus | Venus USDT (Core) | Ethereum | 1.40% | $1M | Med |
| Lista | Lista USDT Savings Vault | Ethereum | 0.31% | $4M | Med |
| Aave | Aave v2 USDT | Ethereum | 0.19% | $10M | 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 199.29%, from Concrete Decentralized Finance USDT on Ethereum. Rates across 45 tracked vaults range from 0.19% to 199.29%. 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: October 15, 2026. Explore all vaults.