Centrifuge Protocol vs SparkLend: USDS yields compared
Centrifuge Protocol has 1 qualifying USDS pool ($97.2M) and SparkLend has 2 ($890.3M). The best 30-day average is 4.14% on SparkLend (Ethereum) versus 3.76% on Centrifuge Protocol (Ethereum).
Typical pools pay about 3.76% on Centrifuge Protocol and 4.14% on SparkLend; SparkLend holds more USDS in pools that pass our filters. Median Safety Score: Centrifuge Protocol 76/100, SparkLend 93/100.
Last updated · refreshes every 6 hours (next ≈ 06:07 UTC) · Data: DefiLlama ↗
Centrifuge Protocol best
3.76%
USDS · Ethereum
SparkLend best
4.14%
USDS · Ethereum
Centrifuge Protocol TVL
$97.2M
1 pools · median safety 76
SparkLend TVL
$890.3M
2 pools · median safety 93
Every qualifying pool, ranked
SafetyHow it's scored
3 options match
- 1
SparkLend
USDS · Ethereum
4.14%30d avg
Now 3.49%TVL $552.4MFallingSteadyDetails
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%91$552M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%88Listed on DefiLlama 3.5 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: today 3.49% vs 30-day average 4.14%.
- 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: 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
- SPK Farming Pool
- Reward tokens
- 3.49% of the rate is paid in reward tokens, which can fall in price.
- Source
- DefiLlama pool page ↗SparkLend website ↗
- 2
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 ↗
- 3
SparkLend
USDS · Ethereum
2.70%30d avg
Now 2.94%TVL $337.9MSteadySteadyDetails
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%84$338M in this pool (full marks at $1B, zero at $1M).
- Protocol age · 10%88Listed on DefiLlama 3.5 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%81APY has been steady: today 2.94% vs 30-day average 2.70%.
- 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
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 SparkLend?
Right now SparkLend's best USDS pool has the higher 30-day average (4.14%, USDS on Ethereum) against 3.76% for Centrifuge Protocol. Comparing typical pools instead of the best one: Centrifuge Protocol 3.76%, SparkLend 4.14%.
Which is safer for USDS, Centrifuge Protocol or SparkLend?
Neither is risk-free. On our Safety Score the typical (median) Centrifuge Protocol pool here scores 76/100 and the typical SparkLend pool 93/100. Centrifuge Protocol's top-paying pool scores 76/100 (Moderate); SparkLend'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 SparkLend holds $890.3M. 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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