NEWSLETTER ARCHIVE
Weekly stablecoin yield market intelligence
Morpho V1 PYUSD Yield Rises 19.9% to 5.99%
Morpho V1's SENPYUSDMAIN market is the clearest weekly mover in the screened set. Its APY rose from 4.99383% to 5.98863%, a 19.92058% relative increase, while TVL held at $303.45M ...
Saturn SUSDAT Adds $3.7M as Weekly APY Cools to 28.37%
Saturn's Ethereum SUSDAT pool added $3.73M of TVL between July 19 and July 25, lifting the balance 5.15% to $76.16M even as APY fell from 31.29083% to 28.37385%. That combination i...
Sky SUSDS Loses $526M as Clean Stablecoin Yields Compress
The cleanest large-pool signal this week is Sky Lending SUSDS: APY stayed fixed at 3.60%, but TVL fell from $5.28B on July 12 to $4.75B on July 18, a $526.19M weekly decline. That ...
RWA Rails Expand as Safe and Medium Risk Yields Converge
The tracker covers 6,914 pools and $178.13B in TVL, but the raw 25.0292% weighted APY is not publishable because stale and extreme rows dominate it. Applying the established screen...
Aave Rates Split as Institutional Stablecoin Rails Expand
The cleanest week-over-week signal is inside Aave V3 on Ethereum: USDT rose 25.3212% from 2.13762% to 2.67889% on $456.73M TVL, while USDC fell 75.3328% from 12.14839% to 2.99667% ...
Maple Holds 5.11% as Safe-Tier APY Slips
The cleanest fresh signal is Maple USDC holding 5.11202% APY on $3.06B TVL while Sky SUSDS stays at 3.60% on $5.85B. Low-risk snapshot APY slipped 20.384 bps to 2.65116%, so the we...
Centrifuge USDS Jumps to 4.79% as Maple Holds the Floor
The cleanest allocator signal this week is not the raw 24.70% market average, which is distorted by extreme outlier pools. It is the persistence of a practical 3% to 5% floor acros...
USYC Adds $2.9B as RWA Vaults Anchor the Yield Floor
The cleanest new signal this week is the arrival of a large USYC row: Circle Usyc appears with $2.92B of tracked TVL at 3.13% APY. Treat this as coverage expansion rather than a fr...
APXUSD Pays 15% After Depeg: Risk Premium Returns
This week's clearest signal is not another Aave cooldown or Maple floor check. APXUSD sits near the top of the usable yield table after a brief $0.93 depeg, with Apyx Protocol APXU...
Aave USDC Cools to 3.24% as Low-Risk Yield Floor Slips
The cleanest signal this week is compression, not expansion. Aave V3 Ethereum USDC fell from 4.84% to 3.24%, a 33.1% drop, as the rsETH/KelpDAO stress premium continues to drain ou...
Wrapped Vaults Win the Cycle: Sky and Maple Add $1.5B as Aave Premium Evaporates
Aave V3 USDC Ethereum fell 56% week-over-week from 11.01% to 4.83%, and Aave V3 SGHO dropped 30% from 5.39% to 3.75%, fully unwinding the borrow-stress premium that began with the ...
Aave V3 USDT Cools 45% as Wrapped Vaults Win the CLARITY Act Fallout
The Aave V3 USDT Ethereum pool on $353M TVL collapsed from 5.00% to 2.76% APY this week (-44.8%), the largest single drop in the tracked movers, as WETH borrow stress from the Apri...
Aave USDC Spikes 12% Again: WETH Borrow Stress Returns Two Weeks After Snapback
Aave V3 USDC on Ethereum reset from 3.86% to 12.14% APY in a single week, a 214% jump that retraces most of the post-rsETH calming we documented two weeks ago. Aave V3 USDT on Ethe...
Aave Stablecoin Rates Snap Back as DeFi United Closes 80% of rsETH Gap
Two weeks after the Kelp DAO rsETH exploit pushed Aave V3 stablecoin rates above 7%, the trade is over. Aave V3 USDC on Ethereum collapsed from 7.67% to 3.90% (-49%) and USDT from ...
Aave Stablecoin Rates Hold at 7%+ as DeFi United Coalition Lines Up $161M to Backstop rsETH Bad Debt
A week after the rsETH bridge exploit sent Aave V3 stablecoin rates vertical, the elevated yields are still here. USDC supply on Aave V3 Ethereum is sitting at 7.17% (vs 2.32% pre-...
rsETH Exploit Drains $292M; USDT Lending Rates Spike to 13-20% as Aave WETH Hits 100% Utilization
On April 18, an attacker exploited a compromised 1-of-1 LayerZero DVN configuration on Kelp DAO's cross-chain rsETH bridge and minted roughly 116,500 unbacked rsETH, approximately ...
Sky Obex Wires $1B to Maple as Low-Risk Yields Snap Back to 2.1%
The biggest data signal this week is a $427M surge in Maple's USDC vault, which jumped from $3.15B to $3.58B in seven days even as its APY drifted from 4.51% to 4.21%. Unlike past ...
Market Nears $75B as Institutional RWA Tokens Absorb $8B in TVL
Institutional real-world asset yield tokens have collectively absorbed over $8B in TVL, marking a structural shift in the stablecoin yield landscape. BlackRock BUIDL now spans Ethe...
Market Hits $69.8B as CLARITY Act Threatens Yield and Resolv Crashes
The CLARITY Act draft released March 24 proposes banning yield on stablecoins, sending Circle and Coinbase stocks tumbling. If enacted, US-based lending protocols and savings vault...
Market Hits $68.9B as Maple Grows to $5.4B and PYUSD Emerges at 6.3%
Maple Finance has quietly grown to $5.4B in TVL, up from $5.1B last week and $4.4B two weeks ago. At 4.28% on USDC and 3.84% on USDT with a risk score of 20, Maple continues to off...
Sky Cuts SSR to 3.75% but $6.2B SUSDS Vault Keeps Growing
Sky Protocol executed a 25bp SSR reduction from 4.00% to 3.75% this week as part of a broader governance proposal to slash SKY token buybacks by 90% and fortify its $11B stablecoin...
Maple Holds $4.4B at 4.5% as Market TVL Flatlines at $65.8B
Maple continues to stand out as the top risk-adjusted yield source in the low-risk tier, offering 4.53% on USDC and 4.21% on USDT across $4.4B in TVL with a risk score of 20. That ...
Stablecoin Market Swells to $59.4B as Ethena Yield Erodes
The stablecoin yield market added $2.3B in TVL this week, pushing total tracked value to $59.4B across 4,034 pools. But the headline number masks an important rotation: Ethena's sU...
A $57B Stablecoin Yield Market Where 75% of Capital Chooses Safety Over Returns
Welcome to the inaugural edition of the StableSafe Weekly Yield Report. Across 3,830 tracked pools and $57.1B in total TVL, the stablecoin yield market presents a clear picture: ca...