Stablecoin APY Tracker
Real-time yields on USDC, USDT, DAI, USDe across Aave, Compound, Yearn, Convex, and 600+ protocols. Refreshes every 60s.
Quick answer. Sustainable stablecoin yield in September 2026 is roughly 4–7% APY on blue-chip lending (USDC/USDT on Aave and Compound), 8–15% on enhanced strategies such as sUSDe and auto-compounding vaults, and anything above 15% typically means token emissions or leverage that will fade. Filter to TVL of 10M USD or more and read the Base column before the headline APY.
| Protocol | Asset | Chain | TVL | APY | Base | Rewards | IL Risk |
|---|---|---|---|---|---|---|---|
| Loading live data... | |||||||
Data: DeFiLlama Yields. Last updated: —.
Understanding Stablecoin APY
Base APY vs Reward APY
Base APY = real fees/lending interest. Reward APY = protocol token emissions that decay over time. Always check the Base column above.
Sustainable Ranges
5-10% APY on USDC/USDT via Aave/Compound is sustainable. Yields above 15% usually involve leverage or emissions that will fade in weeks.
Depeg Risk
UST collapsed in 2022 (-99%). Always diversify across USDC, USDT, DAI. Avoid algorithmic stablecoins without transparent reserves.
How to find safe stablecoin yield with this tracker
- Pick the asset. Choose USDC, USDT, DAI, USDe or sUSDe, or leave All stablecoins to compare everything.
- Pick a chain. Select one chain to compare like-for-like gas and bridge risk, or leave All chains for a global view.
- Set a minimum TVL. Use at least 1M USD and prefer 10M USD or more — small pools carry smart-contract and exit-slippage risk.
- Compare Base vs Rewards and the IL flag. Base APY is durable interest or fees; reward APY is token emissions that decay. Prefer high base APY on low-IL stablecoin pools.
- Read the protocol review before depositing. Open the linked DifiCalc protocol review for audits, TVL and risk grade, and spread deposits across at least two or three venues.
Stablecoin APY Tracker FAQ
Where does the APY data come from?
Pool rates, TVL and the base/reward split come from the DeFiLlama Yields API. The table refreshes from live data on load and on request; DifiCalc does not set or guarantee the rates.
What is the difference between Base APY and Reward APY?
Base APY is paid from real economic activity — lending interest and trading fees. Reward APY is paid in protocol tokens as an incentive to attract liquidity; emissions taper, so reward APY rarely persists at the same level for a full year.
Why does the same stablecoin show different APYs on different protocols or chains?
Lending rates rise with utilization, newer pools bootstrap liquidity with token emissions, and each chain has different gas and competition levels. The table shows all three drivers separately so you can tell durable rates from temporary incentives.
What minimum TVL should I require?
The tracker defaults to a 1M USD floor; for meaningful positions prefer pools with 10M USD or more. Very small pools can suffer withdrawal slippage, rapid APY collapse or outright smart-contract risk.
Is a 20% stablecoin APY safe?
Usually not as advertised. Rates above roughly 15% are typically emissions-driven, leveraged delta-neutral carry, or carry depeg exposure. Check the Base column, the stablecoin reserve transparency and its depeg history before depositing.
Does the tracker connect to my wallet?
No. It is a read-only comparison tool. You connect your wallet only on the protocol’s own interface when you choose to deposit.