Centrifuge Protocol vs Sky Lending: USDS yields compared
Centrifuge Protocol has 1 qualifying USDS pool ($97.2M) and Sky Lending has 3 ($5.10B). The best 30-day average is 5.72% on Sky Lending (Ethereum) versus 3.76% on Centrifuge Protocol (Ethereum).
Typical pools pay about 3.76% on Centrifuge Protocol and 3.77% on Sky Lending; Sky Lending holds more USDS in pools that pass our filters. Median Safety Score: Centrifuge Protocol 76/100, Sky Lending 98/100.
Last updated · refreshes every 6 hours (next ≈ 06:07 UTC) · Data: DefiLlama ↗
Centrifuge Protocol best
3.76%
USDS · Ethereum
Sky Lending best
5.72%
USDS · Ethereum
Centrifuge Protocol TVL
$97.2M
1 pools · median safety 76
Sky Lending TVL
$5.10B
3 pools · median safety 98
Every qualifying pool, ranked
SafetyHow it's scored
4 options match
- 1
Sky Lending
USDS · Ethereum
5.72%30d avg
Now 6.03%TVL $145.8MSteadySteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%90$5.0B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%72$146M 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%87APY has been steady: today 6.03% vs 30-day average 5.72%.
- 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%100USDS'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: 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
- GROVE Farming Pool
- Reward tokens
- 6.03% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗Sky Lending website ↗
- 2
Sky Lending
SUSDS · Ethereum
3.77%30d avg
Now 3.80%TVL $4.48BSteadySteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%90$5.0B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%100$4.5B 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%97APY has been steady: today 3.80% vs 30-day average 3.77%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDS'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
- 3
Sky Lending
SUSDS · Arbitrum
3.77%30d avg
Now 3.80%TVL $476.0MSteadySteadyDetails
Safety scoreConfidence: High (100% of weighted inputs known)- Protocol size (TVL) · 12%90$5.0B deposited across the whole protocol (full marks at $10B, zero at $10M).
- Pool size (TVL) · 10%89$476M 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%99APY has been steady: today 3.80% vs 30-day average 3.77%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDS'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
- 4
Centrifuge Protocol
USDS · Ethereum
3.76%30d avg
Now 6.21%TVL $97.2MRisingVolatileDetails
Safety scoreConfidence: High (88% 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%66$97M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%56Listed on DefiLlama 2.3 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%46APY swings a lot: today 6.21% vs 30-day average 3.76%.
- Reward-token reliance · 10%100None of the rate depends on reward tokens.
- Stablecoin peg health · 12%100USDS'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: 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
- Janus Henderson Treasury Fund
- Source
- DefiLlama pool page ↗Centrifuge Protocol website ↗
Education, not financial advice. Rates change; DeFi carries smart-contract and depeg risk. Do your own research.
Questions
Which pays more on USDS, Centrifuge Protocol or Sky Lending?
Right now Sky Lending's best USDS pool has the higher 30-day average (5.72%, USDS on Ethereum) against 3.76% for Centrifuge Protocol. Comparing typical pools instead of the best one: Centrifuge Protocol 3.76%, Sky Lending 3.77%.
Which is safer for USDS, Centrifuge Protocol or Sky Lending?
Neither is risk-free. On our Safety Score the typical (median) Centrifuge Protocol pool here scores 76/100 and the typical Sky Lending pool 98/100. Centrifuge Protocol's top-paying pool scores 76/100 (Moderate); Sky Lending's scores 84/100 (Safer). Open any row for the factor-by-factor breakdown.
Which has more USDS deposited?
Across pools that pass our filters, Centrifuge Protocol holds $97.2M and Sky Lending holds $5.10B. More deposits mean more people trust the pool, but not that it is safe.
How are the pools chosen?
We include every USDS pool from either protocol that passes our standard filters: single-asset stablecoin pools with no impermanent loss, at least $10.0M deposited, 30+ days of history and a rate no higher than 25%. Both protocols' versions are grouped together.
How often is this comparison updated?
Every 6 hours, from DefiLlama. Last updated Nov 2, 2026, 03:57 UTC. If the two protocols stop having 3+ qualifying pools between them, this page is removed.
Learn more
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