Best USDe yield on Ethereum
3 USDe pools on Ethereum pass our safety filters right now, from 2 protocols, holding $1.46B in total. The best 30-day average is 4.98% on Ethena USDe (SUSDE), and the middle of the pack earns about 4.81%.
Compared with their own 30-day averages, 1 option is rising and 0 are falling today.
Last updated · refreshes every 6 hours (next ≈ 06:07 UTC) · Data: DefiLlama ↗
Best 30d avg
4.98%
Ethena USDe · SUSDE
Best rated Safer (80+)
4.98%
Ethena USDe · score 88
Options ranked
3
Pass safety filters
TVL in these pools
$1.46B
Ranked by 30-day average
SafetyHow it's scored
3 options match
- 1
Ethena USDe
SUSDE · Ethereum
4.98%30d avg
Now 5.09%TVL $1.17BSteadyVolatileDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%89$4.5B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%100$1.2B in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%68Listed on DefiLlama 2.7 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%74APY moves around: today 5.09% vs 30-day average 4.98%.
- 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: 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
- 7 days unstaking
- Source
- DefiLlama pool page ↗Ethena USDe website ↗
- 2
Aave V4
USDE · Ethereum
4.81%30d avg
Now 5.65%TVL $30.1MRisingVolatileDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%62$736M 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%15Listed on DefiLlama 7 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%75Aave V3 (same team, different product) hacked Mar 2026, $862K lost, funds mostly returned.
- APY volatility · 14%58APY moves around: today 5.65% vs 30-day average 4.81%.
- Reward-token reliance · 10%0100% of today's rate is paid in reward tokens, which can fall in price or stop.
- 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).
Risky = under 60. Fewer red flags in public data, not a guarantee and not financial advice. How the score works
- Note
- Plus
- Reward tokens
- 5.65% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Aave V4 website ↗
- 3
Aave V3
USDE · Ethereum
0.23%30d avg
Now 0.22%TVL $260.3MSteadyVolatileDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%100$15.4B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%81$260M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%100Listed on DefiLlama 4.6 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%25Aave V3 hacked Mar 2026, $862K lost, funds mostly returned.
- APY volatility · 14%73APY moves around: today 0.22% vs 30-day average 0.23%.
- 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: 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
Education, not financial advice. Rates change; DeFi carries smart-contract and depeg risk. Do your own research.
Questions
What is the best USDe yield on Ethereum right now?
As of Nov 2, 2026, 03:57 UTC, Ethena USDe (SUSDE on Ethereum) has the highest 30-day average at 4.98%, with $1.17B deposited. Its current rate is 5.09%. The top three are Ethena USDe (4.98%), Aave V4 (4.81%), Aave V3 (0.23%).
How many options pass StableRate's filters?
3 pools currently qualify, holding $1.46B 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 4.81%.
Is the USDe 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), Ethena USDe scores 88/100 (Safer). It is also the best-paying option rated Safer. 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 →- Best USDC yield on Ethereum
- Best USDT yield on Ethereum
- Best PYUSD yield on Ethereum
- Best DAI yield on Ethereum
- Best USDS yield on Ethereum
- Best USDe yield
- Best GHO yield on Ethereum
- Best crvUSD yield on Ethereum
- Best RLUSD yield on Ethereum
- Best stablecoin yield on Ethereum
- Aave vs Ethena USDe (USDe)
- Ethena USDe vs Morpho Blue (USDe)
- Aave vs Morpho Blue (USDe)
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.