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# vaults.fyi Onchain Yield Roundup - November 22, 2024
- URL: https://blog.vaults.fyi/onchain-yield-roundup-221124/
- Published: 2024-11-22T18:30:30.000Z
- Updated: 2025-04-01T13:35:31.000Z
- Author: vaults.fyi
- Tags: Insights

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

- The top 3 yields on [vaults.fyi](https://www.vaults.fyi/vaults?ref=blog.vaults.fyi) are above 30%. [Convex’s sFRAX/crvUSD](https://www.vaults.fyi/vaults/mainnet/0x2c2de79df4bb810497943328f7288375d6344800?ref=blog.vaults.fyi) vault leads with 37.40% APY, while [Yearn’s WETH-2 yVault](https://www.vaults.fyi/vaults/mainnet/0xAc37729B76db6438CE62042AE1270ee574CA7571?ref=blog.vaults.fyi) and [Yearn x Ajna’s DAI Vault](https://www.vaults.fyi/vaults/mainnet/0xe24BA27551aBE96Ca401D39761cA2319Ea14e3CB?ref=blog.vaults.fyi) follow with 36.66% and 34.19% APY, respectively. Currently, 5/10 of the top APYs on [vaults.fyi](https://www.vaults.fyi/vaults?ref=blog.vaults.fyi) are crvUSD yields from [Convex Finance](https://www.vaults.fyi/vaults?selectedProtocols=convex&ref=blog.vaults.fyi).  
![](https://storage.ghost.io/c/80/1e/801e59ba-aea3-41d2-aff6-47dda0ee853e/content/images/2025/03/d919028a-bf69-464c-8bc0-59b6ffa9fbc2_1979x1193.png)
- [Ethena’s USDe](https://www.vaults.fyi/vaults/mainnet/0x9D39A5DE30e57443BfF2A8307A4256c8797A3497?ref=blog.vaults.fyi) leads in the >$50M TVL category with 22.41% APY, an impressive yield given its $2.68B TVL. Fluid’s [USDT ](https://www.vaults.fyi/vaults/mainnet/0x5C20B550819128074FD538Edf79791733ccEdd18?ref=blog.vaults.fyi)and [USDC ](https://www.vaults.fyi/vaults/mainnet/0x9Fb7b4477576Fe5B32be4C1843aFB1e55F251B33?ref=blog.vaults.fyi)mainnet vaults also continue their recent performance with APYs near 15%.  
![](https://storage.ghost.io/c/80/1e/801e59ba-aea3-41d2-aff6-47dda0ee853e/content/images/2025/03/caff752a-d0c0-4257-a8ed-43cc04af9593_2008x510.png)
- [Coinbase announces](https://x.com/CoinbaseWallet/status/1859286084535906744?ref=blog.vaults.fyi) a passive 4.7% yield for users holding USDC on Coinbase Wallet. [Aave v3 USDC rates](https://www.vaults.fyi/vaults?selectedTokens=USDC&selectedProtocols=aave&ref=blog.vaults.fyi) show that lending protocols offer superior yields, yet the 4.7% baseline may push up DeFi rates across the board and make the space more competitive.  
![](https://storage.ghost.io/c/80/1e/801e59ba-aea3-41d2-aff6-47dda0ee853e/content/images/2025/03/5d1ce852-bb48-4d9d-b6a0-4ac8b89c1bfa_1991x989.png)
- [TVL in major lending protocols](https://www.vaults.fyi/chart-explorer?period=1Y&vaults=0x4DEDf26112B3Ec8eC46e7E31EA5e123490B05B8B-mainnet&vaults=0x23878914EFE38d27C4D67Ab83ed1b93A74D4086a-mainnet&vaults=0x98C23E9d8f34FEFb1B7BD6a91B7FF122F4e16F5c-mainnet&ref=blog.vaults.fyi) continues to rise, suggesting that traders seek additional leverage as the crypto market grinds upward. [Spark’s DAI vault](https://www.vaults.fyi/vaults/mainnet/0x4DEDf26112B3Ec8eC46e7E31EA5e123490B05B8B?ref=blog.vaults.fyi) reached $1.4B TVL, while Aave’s mainnet [USDT](https://www.vaults.fyi/vaults/mainnet/0x23878914EFE38d27C4D67Ab83ed1b93A74D4086a?ref=blog.vaults.fyi) and [USDC](https://www.vaults.fyi/vaults/mainnet/0x98C23E9d8f34FEFb1B7BD6a91B7FF122F4e16F5c?ref=blog.vaults.fyi) vaults sit at $2.22B and $1.82B TVL, respectively. This comes as Marc Zeller reports that Aave's revenue, TVL, and borrows are currently at an all-time high.  
![](https://storage.ghost.io/c/80/1e/801e59ba-aea3-41d2-aff6-47dda0ee853e/content/images/2025/03/b80d2413-4377-4be3-a836-add75b4ad99e_2118x800.png)  
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