Yield Bearing Stablecoins List Q2 + Yield Sources - Rates as of 7 April '25 I manually scanned each product's interface and cross-checked it with external sources - @DefiLlama or available yield markets such as @spectra_finance's stablecoin category. [list of X handles below] Notes: • Delta-neutral and arb-based products dominate the 8–10% range • Median APY across all entries: ~5.1%, with the T-bill cluster acting as a lower bound • Dozens of off-platform integrations ie. plugging into aave/morpo/comp under the hood • mechanisms vary wildly: some rebalance vaults manually, or rely on native DEX or RWAs • native protocol yield of projects such as Gyro, f(x) Protocol, InverseFinance and BOLD are definitely worth taking a closer look! Sources Breakdown: • 10 T-bills • 6 delta/basis/arb/carry • 6 protocol-native rewards/incentives • 3 RWAs & borrower interest • 3 lending/overcollateralized loans • 6 protocol fee/native yield • 2 meta-allocators (route funds across vaults) • 2 unclear/manual strategies *stkGHO rate is an APR. ----- if you're seeing errors or a project is missing - let me know in comments/dms - this sector is rapidly evolving and things get chaotic ----- Full list: sUSDf - @FalconStable sGYD - @GyroStable arUSD - @protocol_fx yUSD - @GetYieldFi slvUSD - @levelusd sDOLA - @InverseFinance wUSDN - @SmarDex fxSAVE - @protocol_fx avUSD - @avantprotocol SyrupUSDC - @syrupfi srUSD - @reya_xyz USDs - @SperaxUSD srUSD - @reservoir_xyz stUSR - @ResolvLabs CRT - @DeFiCarrot BOLD - @LiquityProtocol stUSD - @AngleProtocol sUSDA - @avalonfinance_ cgUSD - @CygnusFi sMONEY - @defidotmoney csUSDL - @0xCoinshift sUSDS - @SkyEcosystem sUSN - @noon_capital USDY - @OndoFinance USD3 - @reserveprotocol cUSDO - @OpenEden_X USDM - @MountainUSDM sDEUSD - @elixir sUSDe - @ethena_labs USYC - @Hashnote_Labs scrvUSD - @curvefinance stkGHO - @aave scUSD - @Rings_Protocol sSDX - @StablesLabs USD* - @Perena__