Yield
Where to earn on idle stablecoins
The best yields on idle USDC, USDT, and other stablecoins across established on-chain lending venues, next to the risk-free cash rate. Anything above the cash rate is compensation for smart-contract and credit risk, not free money.
Risk-free cash rate
3.88%
Effective federal funds rate
Best on-chain yield
13.70%
USDS · Sky Lending
Extra yield vs cash
+9.82 pts
The price of the added risk
| Asset | Venue | Chain | APY | vs cash | TVL |
|---|---|---|---|---|---|
| USDS | Sky Lending | Ethereum | 13.70% | +9.82 | $161M |
| FCUSDT | Morpho Blue | Ethereum | 12.25% | +8.37 | $44M |
| ROXCUSDC | Morpho Blue | Ethereum | 8.80% | +4.92 | $31M |
| STEAKUSDT | Morpho Blue | Ethereum | 8.67% | +4.79 | $83M |
| STEAKUSDT | Morpho Blue | Ethereum | 8.29% | +4.41 | $84M |
| BBQUSDT | Morpho Blue | Ethereum | 8.18% | +4.30 | $20M |
| ROXUSDCY | Morpho Blue | Ethereum | 8.17% | +4.29 | $26M |
| GTUSDGP | Morpho Blue | Arbitrum | 8.00% | +4.12 | $94M |
| BBQUSDG | Morpho Blue | Arbitrum | 8.00% | +4.12 | $45M |
| HYPERUSDCA | Morpho Blue | Monad | 7.80% | +3.92 | $52M |
| STEAKUSDG | Morpho Blue | Robinhood Chain | 7.41% | +3.53 | $539M |
| SENRLUSDV2 | Morpho Blue | Ethereum | 7.27% | +3.39 | $437M |
How to read this. Yields are sourced from DeFiLlama across established single-asset lending markets (Aave, Compound, Morpho, Spark, Sky, and similar), filtered to over $20M in deposits and no impermanent-loss risk. APY is variable and not guaranteed. The cash rate is the effective federal funds rate; a stablecoin earning above it is being paid for taking on smart-contract and counterparty risk. This is intelligence tooling, not investment advice.