Ethereum Decentralized Lending Rates for stablecoin

List of decentralized protocols and stablecoin pools on Ethereum blockchain, each with a Total Value Locked (TVL) exceeding $1,000,000(the higher the TVL, the more trust in the protocol). These platforms allow you to earn interest on stablecoins(USDC,USDT,DAI) surpassing 3 Month Treasury Bill rate (US T-Bill 4.24% on Jul 17 2025). You can deposit and withdraw your stablecoins anytime, with no lockup or deposit limits. DEX only, no CEX, no KYC, Your Keys - Your Crypto. Note that the annual percentage yield in stablecoin pools can fluctuate frequently.

Best Stablecoin Yield: Lending/Staking/Liquidity Pools APY Rates on DexLender
19/07/2025 01:00:06

Protocol Name Blockchain Name ▼ TVL ↓ Stablecoin Reward APY ⓘ Average 30 days APY ↓ Current Base APY ↓
Peapods-optionsEthereum7.32MUSDC0%40.5%32.24%
Peapods-optionsEthereum1.85MUSDC0%36.01%25.66%
Peapods-optionsEthereum6.11MUSDC0%35.68%58.99%
Euler-v2Ethereum1.48MUSDC4.52%14.26%7.38%
Stream-financeEthereum87.80MUSDC0%11.36%13.49%
Ipor-fusionEthereum1.22MUSDC0%10.57%48.24%
WasabiEthereum2.41MUSDC0%9.86%25.32%
GoldfinchEthereum42.70MUSDC0%9.55%9.55%
TokemakEthereum16.45MUSDC2.38%9.17%7.45%
Morpho-blueEthereum6.52MUSDC0.47%8.33%6.75%
Euler-v2Ethereum18.84MUSDC0.14%7.64%7.17%
Euler-v2Ethereum2.86MUSDC0.83%7.51%7.7%
AcrossEthereum2.73MDAI2.2%6.79%8.21%
Silo-v2Ethereum1.46MUSDC0%6.77%5.46%
Harvest-financeEthereum1.08MUSDC0%6.66%6.79%
Compound-v2Ethereum5.71MUSDC0%5.85%8.02%
Yearn-financeEthereum14.97MUSDC1.12%5.77%6.4%
VesperEthereum1.82MUSDC0%5.64%8%
Compound-v2Ethereum13.95MUSDT0%5.45%8.36%
Compound-v2Ethereum3.71MDAI0%5.38%8.93%
Yearn-financeEthereum18.19MDAI0.06%4.91%6.54%
Flux-financeEthereum1.59MUSDT0%4.67%4.61%
Compound-v3Ethereum45.99MUSDC0.25%4.54%7.01%
Flux-financeEthereum1.17MUSDC0%4.39%4.37%
GearboxEthereum1.25MUSDT0%3.87%5.52%
TermmaxEthereum14.05MUSDC0%3.85%4.3%
SparklendEthereum1.44MUSDT0%3.1%4.51%