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# vaults.fyi Onchain Yield Roundup - November 15, 2024
- URL: https://blog.vaults.fyi/onchain-yield-roundup-151124/
- Published: 2024-11-15T18:04:14.000Z
- Updated: 2025-04-01T13:36:33.000Z
- Author: vaults.fyi
- Tags: Insights

**A look at the top DeFi opportunities:** 

- Following the US election, DeFi yields have seen significant boosts across the board. Borrower demand has skyrocketed amid bullish sentiment, sending lending rates higher. Notably, [Fluid](https://www.vaults.fyi/vaults?selectedProtocols=instadapp&ref=blog.vaults.fyi) achieved 100% utilization rates in their [USDC](https://www.vaults.fyi/vaults/mainnet/0x9Fb7b4477576Fe5B32be4C1843aFB1e55F251B33?ref=blog.vaults.fyi) and [USDT](https://www.vaults.fyi/vaults/mainnet/0x5C20B550819128074FD538Edf79791733ccEdd18?ref=blog.vaults.fyi) mainnet vaults, resulting in \~14% APY (7d avg). [Moonwell’s USDC vault](https://www.vaults.fyi/vaults/base/0xEdc817A28E8B93B03976FBd4a3dDBc9f7D176c22?ref=blog.vaults.fyi) on base saw a similar APY in the >$50M TVL category.  
![](https://storage.ghost.io/c/80/1e/801e59ba-aea3-41d2-aff6-47dda0ee853e/content/images/2025/03/ecf413bf-3f7f-481b-9df5-e7e19e62482c_1967x507.png)
- TVL in [Ethena’s USDe](https://www.vaults.fyi/vaults/mainnet/0x9D39A5DE30e57443BfF2A8307A4256c8797A3497?ref=blog.vaults.fyi) has risen by \~800M over the last month. APY is currently 12.85%, making it the only vault on [vaults.fyi](https://www.vaults.fyi/vaults?ref=blog.vaults.fyi) with a double-digit yield with TVL >$1B. The recent inflows suggest an increasing appetite for “risk-on” DeFi yields.  
![](https://storage.ghost.io/c/80/1e/801e59ba-aea3-41d2-aff6-47dda0ee853e/content/images/2025/03/0c653faa-12a5-4f6c-8484-c843baf940cc_2284x1806.png)
- Our USD benchmark rate, a weighted average of [Aave v3 USDC](https://www.vaults.fyi/vaults/mainnet/0x98C23E9d8f34FEFb1B7BD6a91B7FF122F4e16F5c?ref=blog.vaults.fyi), [Aave v3 USDT](https://www.vaults.fyi/vaults/mainnet/0x23878914EFE38d27C4D67Ab83ed1b93A74D4086a?ref=blog.vaults.fyi), [sDAI](https://www.vaults.fyi/vaults/mainnet/0x83F20F44975D03b1b09e64809B757c47f942BEeA?ref=blog.vaults.fyi), and [Compound v3 USDC](https://www.vaults.fyi/vaults/mainnet/0xc3d688B66703497DAA19211EEdff47f25384cdc3?ref=blog.vaults.fyi), now sits at \~7%. This puts “blue-chip” DeFi yields at a considerable premium over the going US T-Bill rate (currently 4.58%). [vaults.fyi’s Chart Explorer](https://www.vaults.fyi/chart-explorer?benchmarks=vaults.fyi+USD+benchmark+rate&vaults=0xdd50C053C096CB04A3e3362E2b622529EC5f2e8a-mainnet&vaults=0x530824DA86689C9C17CdC2871Ff29B058345b44a-mainnet&period=30D&ref=blog.vaults.fyi) highlights this widening gap compared to onchain T-Bill products.  
![](https://storage.ghost.io/c/80/1e/801e59ba-aea3-41d2-aff6-47dda0ee853e/content/images/2025/03/e8987bb0-3205-41e9-92b2-f683d844d2c6_2115x995.png)
- [Overnight Finance’s USDC+ vault](https://www.vaults.fyi/vaults/base/0x85483696Cc9970Ad9EdD786b2C5ef735F38D156f?ref=blog.vaults.fyi) on base saw considerable inflows, growing from \~$6M to \~$100M TVL over the last month. APY is currently 9.69%. This coincides with base recently reaching the milestone of $10B in total TVL, suggesting that onchain capital continues to favor the L2.  
![](https://storage.ghost.io/c/80/1e/801e59ba-aea3-41d2-aff6-47dda0ee853e/content/images/2025/03/6707389f-84e7-45cf-b088-7f7c93f4d767_2268x1758.png)  
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