Best stablecoin yield on Ethereum
127 stablecoin pools on Ethereum pass our safety filters right now, from 53 protocols, holding $20.01B in total. The best 30-day average is 16.76% on Axis (SUSDX), and the middle of the pack earns about 5.30%.
Compared with their own 30-day averages, 19 options are rising and 25 are falling today.
Last updated · refreshes every 6 hours (next ≈ 06:07 UTC) · Data: DefiLlama ↗
Best 30d avg
16.76%
Axis · SUSDX
Best rated Safer (80+)
16.19%
Pendle V2 · score 89
Options ranked
127
Pass safety filters
TVL in these pools
$20.01B
Ranked by 30-day average
SafetyHow it's scored
127 options match
- 1
Axis
SUSDX · Ethereum
16.76%30d avg
Now 15.60%TVL $53.3MSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%28$67M deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%58$53M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%5Listed on DefiLlama 2 months ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%90APY has been steady: 30-day range 14.09%–19.31%, today 15.60% vs 30-day average 16.76%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%0SUSD is 11.1% off $1 right now. A live depeg this big caps the whole score at 50 (Risky).
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Risky = under 60. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 2
Pendle V2
APYUSD · Ethereum
16.19%30d avg
Now 17.78%TVL $17.6MSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%67$1.0B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%41$18M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%100Listed on DefiLlama before Oct 2021, so running for at least 5 years.
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%90APY has been steady: 30-day range 15.72%–17.78%, today 17.78% vs 30-day average 16.19%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100PYUSD's worst daily price in the past year was 0.18% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Down (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Note
- For buying PT-apyUSD-05NOV2026
- Source
- DefiLlama pool page ↗Pendle V2 website ↗
- 3
Upshift
XUPUSDC · Ethereum
13.15%30d avg
Now 13.15%TVL $15.2MSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%55$433M deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%39$15M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%48Listed on DefiLlama 1.9 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%100APY has been steady: 30-day range 13.15%–13.15%, today 13.15% vs 30-day average 13.15%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDC's worst daily price in the past year was 0.12% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 4
Apyx Protocol
APXUSD · Ethereum
12.93%30d avg
Now 13.14%TVL $151.3MSteadyDetails
Safety scoreConfidence: Medium (78% of weighted inputs known)- Protocol size (TVL) · 12%unknownProtocol TVL not reported by DefiLlama. Counted as 30/100 until we know more.
- Pool size (TVL) · 10%73$151M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%unknownListing date unknown. Counted as 30/100 until we know more.
- Audits · 12%0No audits listed on DefiLlama.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%98APY has been steady: 30-day range 11.92%–13.54%, today 13.14% vs 30-day average 12.93%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%0apxUSD is 1.1% off $1 right now.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Risky = under 60. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Note
- apyUSD vault
- Source
- DefiLlama pool page ↗Apyx Protocol website ↗
- 5
Saturn
SUSDAT · Ethereum
12.60%30d avg
Now 3.65%TVL $37.5MVolatileDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%39$145M deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%52$38M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%14Listed on DefiLlama 7 months ago (full marks at 4 years).
- Audits · 12%0No audits listed on DefiLlama.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%9APY swings a lot: 30-day range 3.65%–13.62%, today 3.65% vs 30-day average 12.60%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDAT's worst daily price in the past year was 0.27% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Down (shown for information, not scored).
Risky = under 60. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 6
Accountable
USDC · Ethereum
12.13%30d avg
Now 12.13%TVL $14.2MSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%0$2M deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%38$14M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%23Listed on DefiLlama 11 months ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%100APY has been steady: 30-day range 12.13%–12.13%, today 12.13% vs 30-day average 12.13%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDC's worst daily price in the past year was 0.12% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Moderate = 60–79. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 7
Pendle V2
REUSD · Ethereum
12.06%30d avg
Now 12.10%TVL $13.0MSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%67$1.0B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%37$13M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%100Listed on DefiLlama before Oct 2021, so running for at least 5 years.
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%100APY has been steady: 30-day range 11.80%–12.68%, today 12.10% vs 30-day average 12.06%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%70REUSD's worst daily price in the past year was 1.6% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Down (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Note
- For buying PT-reUSD-10DEC2026
- Source
- DefiLlama pool page ↗Pendle V2 website ↗
- 8
Morpho Blue
FCUSDT · Ethereum
12.05%30d avg
Now 10.11%TVL $39.2MVolatileDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%53$39M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%83APY has been steady: 30-day range 8.90%–15.35%, today 10.11% vs 30-day average 12.05%.
- Reward-token reliance · 10%4753% of today's rate is paid in reward tokens, which can fall in price or stop.
- Stablecoin peg health · 12%100USDT's worst daily price in the past year was 0.21% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Reward tokens
- 5.32% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Morpho Blue website ↗
- 9
Re
REUSDE · Ethereum
11.81%30d avg
Now 11.84%TVL $30.3MSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%56$479M deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%49$30M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%22Listed on DefiLlama 10 months ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%94APY has been steady: 30-day range 11.80%–11.84%, today 11.84% vs 30-day average 11.81%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%70USDe's worst daily price in the past year was 1.6% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Down (shown for information, not scored).
Moderate = 60–79. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- 10
Morpho Blue
ROXCUSDC · Ethereum
11.43%30d avg
Now 8.27%TVL $29.2MVolatileDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$11.1B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%49$29M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%70Listed on DefiLlama 2.8 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%64APY moves around: 30-day range 8.00%–39.64%, today 8.27% vs 30-day average 11.43%.
- Reward-token reliance · 10%928% of today's rate is paid in reward tokens, which can fall in price or stop.
- Stablecoin peg health · 12%100USDC's worst daily price in the past year was 0.12% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Reward tokens
- 0.64% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Morpho Blue website ↗
- 11
GAIB
SAID · Ethereum
10.77%30d avg
Now 10.54%TVL $15.6MSteadyDetails
Safety scoreConfidence: Medium (76% of weighted inputs known)- Protocol size (TVL) · 12%unknownProtocol TVL not reported by DefiLlama. Counted as 30/100 until we know more.
- Pool size (TVL) · 10%40$16M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%31Listed on DefiLlama 1.2 years ago (full marks at 4 years).
- Audits · 12%60One audit listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%98APY has been steady: 30-day range 10.54%–11.06%, today 10.54% vs 30-day average 10.77%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%unknownNo price history found for this stablecoin. Counted as 30/100 until we know more.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Down (shown for information, not scored).
Moderate = 60–79. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Note
- 30d withdrawal cycle
- Source
- DefiLlama pool page ↗GAIB website ↗
- 12
Pareto Credit
USDC · Ethereum
10.59%30d avg
Now 10.59%TVL $11.1MSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%0$146K deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%35$11M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%33Listed on DefiLlama 1.3 years ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%100APY has been steady: 30-day range 10.59%–10.59%, today 10.59% vs 30-day average 10.59%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDC's worst daily price in the past year was 0.12% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Down (shown for information, not scored).
Moderate = 60–79. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Note
- Bastion
- Source
- DefiLlama pool page ↗Pareto Credit website ↗
- 13
Agua
USDC · Ethereum
10.00%30d avg
Now 10.00%TVL $14.9MSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%13$24M deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%39$15M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%6Listed on DefiLlama 3 months ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%100APY has been steady: 30-day range 10.00%–10.00%, today 10.00% vs 30-day average 10.00%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDC's worst daily price in the past year was 0.12% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Moderate = 60–79. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Note
- Global Carry Vault
- Source
- DefiLlama pool page ↗
- 14
Tori Finance
STRUSD · Ethereum
9.97%30d avg
Now 10.21%TVL $64.0MSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%29$72M deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%60$64M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%9Listed on DefiLlama 4 months ago (full marks at 4 years).
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%98APY has been steady: 30-day range 9.00%–11.03%, today 10.21% vs 30-day average 9.97%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100trUSD's worst daily price in the past year was 0.19% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Moderate = 60–79. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Note
- 7 days unstaking
- Source
- DefiLlama pool page ↗Tori Finance website ↗
- 15
Pendle V2
SIUSD · Ethereum
9.72%30d avg
Now 9.38%TVL $18.8MSteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%67$1.0B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%42$19M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%100Listed on DefiLlama before Oct 2021, so running for at least 5 years.
- Audits · 12%100Two or more audits listed on DefiLlama. Audits lower, not remove, bug risk.
- Hack history · 12%100No hacks recorded for this protocol in DefiLlama's hacks database.
- APY volatility · 14%96APY has been steady: 30-day range 8.46%–11.12%, today 9.38% vs 30-day average 9.72%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100IUSD's worst daily price in the past year was 0.44% off $1.
- Impermanent-loss risk · 8%100Single asset: no impermanent-loss risk flagged.
DefiLlama's APY outlook: Stable/Up (shown for information, not scored).
Safer = 80 or more. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Note
- For buying PT-siUSD-07JAN2027
- Source
- DefiLlama pool page ↗Pendle V2 website ↗
Education, not financial advice. Rates change; DeFi carries smart-contract and depeg risk. Do your own research.
Questions
What is the best stablecoin yield on Ethereum right now?
As of Nov 2, 2026, 03:57 UTC, Axis (SUSDX on Ethereum) has the highest 30-day average at 16.76%, with $53.3M deposited. Its current rate is 15.60%. The top three are Axis (16.76%), Pendle V2 (16.19%), Upshift (13.15%).
How many options pass StableRate's filters?
127 pools currently qualify, holding $20.01B in total. We only count single-asset stablecoin pools with no impermanent loss, at least $10.0M deposited, 30+ days of history and a rate no higher than 25%. The middle option pays about 5.30%.
Is the stablecoin yield on Ethereum safe?
No yield is risk-free. These are smart contracts that can be exploited, the stablecoin can lose its $1 peg, and lenders can suffer bad debt. Deposits are not insured like a bank account, and higher rates usually mean more risk. On our Safety Score (0–100, from TVL, protocol age, audits, hack history, APY volatility, reward tokens, peg health and IL risk), Axis scores 50/100 (Risky). The best-paying option rated Safer (80+) is Pendle V2 (APYUSD on Ethereum) at 16.19%, scoring 89/100. A high score means fewer red flags in public data, not a guarantee.
How often is this page updated?
Rates are pulled from DefiLlama and refreshed every 6 hours (protocol details such as audits and hack history once a day). This page last updated at Nov 2, 2026, 03:57 UTC. If fewer than 3 options qualify, the page is removed instead of showing thin data.
Learn more
Related rankings
All rankings →Join the list for the weekly rates roundup (launching soon)
The top safer stablecoin and staking rates and what changed, once a week. No spam, unsubscribe any time.