vaults.fyi Onchain Yield Roundup - October 4, 2024
A look at the top DeFi opportunities:
- Following its recent return to form, Ethena’s USDe takes the top spot on vaults.fyi in the >$50M TVL category with 10.61% APY. Alternatives include stablecoin yields from ether.fi, 0xfluid, and Morpho at ~9%.
- Since launching in August, EURC has become the largest euro-based stablecoin by market cap -- largely due to activity on base. Meanwhile, EURC yields have been top performers on vaults.fyi, providing APY comfortably above EURA vaults. Moonwell's Flagship EURC Morpho vault currently has the highest APY at 19.95%.
- yearn.fi and ajna.finance vaults provide the top ETH yield on vaults.fyi. Currently providing double-digit APY, but APY may be volatile due to low TVL.
ETH yields in the >$50M TVL category hover around 4%. Origin Protocol's OETH vault takes the top spot with 4.32% APY. Aave's v3 Lido Market vault follows at 4.07% APY with a significantly higher TVL. These vaults may be ones to follow as bullish sentiment returns to the crypto market and DeFi users seek positive ETH price action + APY.
