Stablecoin Yield Tracker
Track and compare real-time yields on major stablecoins across DeFi protocols. See APY rates for USDT, USDC, USDS, USDB, and more to find the best risk-adjusted returns for your stablecoin holdings.
| Stablecoin | Protocol | APY | TVL | Type | Risk |
|---|---|---|---|---|---|
| USDB | Flashnet | 6% | Coming soon | Lending | Low |
| frxUSD | Frax Finance | 5.2% | $420M | Lending | Medium |
| USDS | Sky (Spark) | 5.1% | $1.8B | Lending | Low |
| USDC | Aave V3 | 4.5% | $2.1B | Lending | Low |
| USDT | Aave V3 | 4.5% | $1.9B | Lending | Low |
| USDT | Compound | 4.2% | $1.4B | Lending | Low |
| USDC | Curve 3pool | 2.8% | $890M | LP | Medium |
Yields are representative estimates and change frequently. Always verify current rates on the protocol directly. Past performance does not guarantee future results. Not financial advice.
What is the Stablecoin Yield Tracker?
A stablecoin yield tracker monitors the interest rates and annual percentage yields (APY) offered on stablecoins across various DeFi lending protocols, liquidity pools, and yield farming strategies.
Stablecoins are designed to maintain a 1:1 peg with fiat currencies like the US dollar. By depositing stablecoins into DeFi protocols, holders can earn yield without exposure to crypto price volatility. However, yields vary dramatically between protocols and change frequently.
Flashnet's USDB stablecoin offers competitive yields backed by Bitcoin-native infrastructure, providing an alternative to Ethereum-based stablecoins with lower transaction costs.
How Does It Work?
The tracker displays current APY rates for popular stablecoins across major DeFi protocols. Each entry shows the stablecoin name, protocol, current APY, total value locked (TVL), and a risk rating.
Yields come from multiple sources: lending interest (borrowers pay interest to lenders), trading fees (liquidity providers earn a share of swap fees), and protocol incentives (token rewards that supplement base yields). The tracker separates base yield from incentive yield so you can assess sustainability.
Higher yields often come with higher risk. A 20% APY on an unknown protocol is riskier than a 5% APY on a battle-tested platform. The risk rating helps you weigh return against safety.
The Stablecoin Yield Landscape
The DeFi yield environment has matured significantly since the early days of yield farming. Unsustainable triple-digit APYs have given way to more realistic single-digit returns, but opportunities still exist for informed participants.
Lending protocols like Aave and Compound offer base yields driven by genuine borrowing demand. When markets are bullish and leverage demand is high, lending rates increase. During quiet periods, rates compress. These yields are generally considered lower-risk because they come from organic demand.
Liquidity provision on DEXs earns swap fees proportional to trading volume. High-volume pairs generate more fees, but liquidity providers face impermanent loss risk when token prices diverge. Concentrated liquidity positions earn more fees per dollar but require active management.
Protocol incentives (reward tokens) can boost yields significantly but are often temporary. New protocols use incentives to bootstrap liquidity, then reduce them over time. Sustainable yield strategies should not rely solely on incentive tokens.
Bitcoin-native stablecoins like USDB represent a growing category. By operating on Bitcoin infrastructure rather than Ethereum, they offer lower fees and different risk profiles. The expanding Bitcoin DeFi ecosystem creates new yield opportunities for stablecoin holders.
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