Best DeFi Yields on Ethereum
The top vault on Ethereum mainnet currently offers a 37.04% 7-day average APY. The table below ranks 50 Ethereum mainnet 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 |
|---|---|---|---|---|---|
| Midas | Morini CarryTradeUSDTRYLeverage Vault | Ethereum | 37.04% | $17M | Med |
| Midas | Midas Fasanara Global | Ethereum | 32.03% | $64M | Med |
| Upshift Finance | NEMO USDC Yield | Ethereum | 24.74% | $8M | Med |
| Wildcat | Kain Warwick USD Coin | Ethereum | 19.79% | $6M | Med |
| Midas | Morini StockMarketTRBasisTrade Vault | Ethereum | 19.38% | $6M | Med |
| Yearn | Yearn v2 DAI | Ethereum | 17.91% | $3M | High |
| Euler | YieldNest Max USDC | Ethereum | 17.78% | $1M | Med |
| Accountable | Morini FXArbUSDTRY | Ethereum | 17.67% | $4M | Med |
| Accountable | SPICE Credit | Ethereum | 14.55% incl. 1.24% rewards | $1M | Med |
| Upshift Finance | NEMO ETH Yield | Ethereum | 14.14% | $7M | Med |
| Apyx | apyUSD | Ethereum | 13.58% | $176M | Med |
| Yearn | Yearn v2 USDC | Ethereum | 13.45% | $5M | High |
| Yearn | Yearn v2 USDT | Ethereum | 13.16% | $4M | High |
| Ember | Ember Pharos Alpha | Ethereum | 12.88% | $7M | Med |
| Wildcat | KappaLab Ethena USDe | Ethereum | 12.78% | $1M | Med |
| Beefy | Moo BIFI | Ethereum | 12.05% | $2M | Low |
| Midas | Midas mEDGE | Ethereum | 11.53% | $2M | High |
| Ember | Ember Y10K | Ethereum | 11.00% | $17M | Med |
| Lagoon | DeltaUSD HyperLiquid USDN Funding Arb | Ethereum | 10.92% | $1M | Med |
| Ultrayield | UltraYield USD | Ethereum | 10.87% | $4M | Med |
| Wildcat | Key USD Coin | Ethereum | 10.50% | $2M | Med |
| Morpho | SharpByte USDT Prime | Ethereum | 10.49% | $5M | Med |
| Wildcat | Hyperithm WildcatFast USD Coin | Ethereum | 10.49% | $1M | Med |
| Wildcat | Selini USD Coin | Ethereum | 10.37% | $9M | Med |
| Wildcat | Selini Tether USD | Ethereum | 10.37% | $8M | Med |
| Wildcat | MNNC Trading USD Coin | Ethereum | 10.06% | $3M | Med |
| Wildcat | Keyrock Euro Coin | Ethereum | 10.00% | $2M | Med |
| Accountable | ONyC Core | Ethereum | 9.83% | $3M | Med |
| Wildcat | Wintermute Trading Tether USD | Ethereum | 9.52% | $47M | Med |
| Ember | Ember Earn | Ethereum | 9.52% | $3M | Med |
| Wildcat | Auros USD Coin | Ethereum | 9.41% | $6M | Med |
| Infinifi | Locked iUSD - 13 weeks | Ethereum | 9.19% | $1M | Med |
| Lagoon | Gami USDC | Ethereum | 9.03% | $9M | Med |
| Wildcat | Auros STBL_USST - USST Token | Ethereum | 8.92% | $1M | Low |
| Wildcat | Wintermute Trading USD Coin | Ethereum | 8.90% | $75M | Med |
| Lagoon | 9Summits flagship USDC | Ethereum | 8.79% | $4M | Med |
| Morpho | M1 USDC | Ethereum | 8.58% | $8M | Med |
| Yearn | Yearn v2 WETH | Ethereum | 8.57% | $9M | High |
| Morpho | Alpha USDC Forex V2 | Ethereum | 8.55% | $4M | Med |
| Infinifi | Locked iUSD - 8 weeks | Ethereum | 8.52% | $6M | Med |
| Lagoon | Syntropia USDC | Ethereum | 8.42% | $4M | Med |
| Midas | Midas Fasanara ONE | Ethereum | 8.41% | $71M | Med |
| Midas | Midas Apollo Crypto | Ethereum | 8.39% | $8M | Med |
| Morpho | Flowdesk AUSD RWA Strategy | Ethereum | 8.20% | $7M | Med |
| Midas | Midas Rockaway Market Neutral | Ethereum | 8.08% | $7M | Med |
| Liquity | sBOLD | Ethereum | 7.91% | $6M | Med |
| Morpho | Steakhouse High Yield Turbo | Ethereum | 7.85% | $2M | Med |
| Morpho | Api3 dCOMP USDC | Ethereum | 7.82% | $14M | High |
| Lagoon | Tulipa USDC | Ethereum | 7.74% | $9M | Med |
| StakeWise | Stakingverse - Ethereum StakeWise V3 | Ethereum | 7.69% | $4M | Med |
Where does this yield come from?
Ethereum mainnet DeFi yield comes from the deepest liquidity pools in crypto: Aave, Morpho, Sky, Compound, Yearn, and more. Mainnet hosts the largest TVL and the most established protocols, with organic lending rates driven by stablecoin borrowing demand.
Risk considerations
Ethereum mainnet carries no bridge risk, but smart contract and protocol risks apply. Gas costs are higher than L2s. Protocols on mainnet are generally the most audited and battle-tested in DeFi. No DeFi deposit is insured.
Frequently asked questions
What is the best DeFi yield on Ethereum mainnet right now?
The top 7-day average APY on Ethereum mainnet is currently 37.04%, from Morini CarryTradeUSDTRYLeverage Vault. Across 50 tracked mainnet vaults, rates range from 7.69% to 37.04%. Data from vaults.fyi, updated daily.
Is it worth using Ethereum mainnet for DeFi yield vs. L2s?
Mainnet offers the deepest liquidity and most established protocols, but higher gas costs make small deposits less efficient. For deposits under $10,000, L2s like Arbitrum and Base typically offer better net returns after gas. For large deposits, mainnet protocols have the deepest capacity and lowest slippage.
Related pages
- Best DeFi Yields on Base
- Best DeFi Yields on Arbitrum
- Best Stablecoin Yields in DeFi
- Best USDC Yield on Ethereum — Live Rates
- 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.