USDS Yield in DeFi — Live Rates
The top USDS vault currently offers a 5.55% 7-day average APY. The table below ranks 10 USDS 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 |
|---|---|---|---|---|---|
| Sky | Staked USDS | Ethereum | 5.55% | $200M | Low |
| Yearn | Yearn USDS | Ethereum | 4.77% | $3M | Med |
| Morpho | sky.money USDS Risk Capital | Ethereum | 4.28% | $1M | Med |
| Compound | Compound v3 USDS | Ethereum | 4.13% | $2M | High |
| Sky | Savings USDS | Ethereum | 3.52% | $4.7B | High |
| Sky | Savings USDS | Arbitrum | 3.52% | $362M | High |
| Sky | Savings USDS | Base | 3.52% | $12M | High |
| Sky | Sky USDS Farm | Ethereum | 2.78% incl. 2.78% rewards | $546M | Med |
| Morpho | sky.money USDS Flagship | Ethereum | 1.91% incl. 1.29% rewards | $40M | High |
| Aave | Aave v3 USDS | Ethereum | 0.12% | $12M | High |
Where does this yield come from?
USDS yield comes primarily from the Sky Savings Rate (USR), set by Sky governance, and from lending interest in protocols like Spark and Morpho. The USR is funded by Sky's collateral revenue and acts as a baseline rate for USDS holders.
Risk considerations
USDS is a decentralized stablecoin issued by Sky (formerly MakerDAO), backed by overcollateralized crypto. Key risks: collateral de-peg, governance decisions changing the savings rate, smart contract risk. USDS has one of the longest track records among decentralized stablecoins.
Frequently asked questions
What is the current USDS yield?
The top 7-day average USDS APY is currently 5.55%, from Staked USDS on Ethereum. Across 10 tracked USDS vaults, rates range from 0.12% to 5.55%. Data from vaults.fyi, updated daily.
How do I earn yield on USDS?
The simplest way is the Sky Savings Rate (USR) — deposit USDS directly via Sky's interface or via app.vaults.fyi. Additional yield is available through Spark and Morpho USDS vaults. DAI holders can migrate to USDS 1:1 to access the USR.
Related pages
- DAI Yield in DeFi — Live Rates
- Best Stablecoin Yields in DeFi
- Sky / USDS Yield — Live DSR Rate
- Spark Vault APY — Live Rates
Data sourced from vaults.fyi, updated daily. Last updated: August 23, 2026. Explore all vaults.