How to loop like a whale? Looping is one of the last areas in onchain yield where real edge still exists. Top LPs have been doing this manually for years. What stands out is the size they deploy and the discipline behind how they build, manage, and unwind these positions. We dug into how the whales do it in our newest article on @stablewatchHQ Great research by @krzysgogol

Everyone is building earn programs. @krakenfx has hit $800M in TVL. @coinbase pulled in $200M in two weeks. @RobinhoodApp is seeing traction too. Stablecoin yield is becoming too big for apps to ignore.

🎙️ Maurice Weber (@MauriceWbr) is speaking at Bluechip26, the Crypto Safety Conference! Maurice is Head of Product @StablewatchHQ, a yield intelligence platform providing risk advisory, built for institutional capital allocators. Bluechip26 is the world’s first and leading conference dedicated to crypto safety. Get tickets at 📍 Nov 10-11 in Vienna

A lot has happened in stablecoin yield over the past 12 months. Had a great time at @Yield_Summit sharing some of the data we've been tracking at @stablewatchHQ. Pretty interesting to see how much this market has changed in just one year.

What is the State of Stablecoin Yield? Piotr Saczuk (@stablecoin_p), Founder & CEO of @stablewatchHQ, presents key data from the past 12 months. Digital Asset Yield Summit is an invite-only event that brings private capital together to explore yield opportunities in digital assets. 🔗 Request an Invite for DAYS Miami 2027 →

Major events that have shaped the YBS market. We mapped all major events against historical TVL over a 20-month period, including depegs, exploits, and shutdowns. ⚠️ True transparency requires visibility into historical failures, not just current yields.

"Two years ago, stablecoin yield meant one thing: a token that paid you. Today it means an entire asset management layer being rebuilt onchain. That shift is happening faster than almost anyone tracking it realizes." - Stablewatch's Founder @stablecoin_p during @Yield_Summit this week.

This Week's Top TVL Growers: 1. sUSDS @SkyEcosystem +$40.48M 2. BUIDL @Securitize +$22.89M 3. sUSDai @USDai_Official +$15.39M 4. USDY @OndoFinance +$11.53M 5. OUSG @Ondo +$7.26M

Top 5 Monthly Movers in Yield-Bearing Tokens: 1. BUIDL @Securitize +124.9M 2. USDY @Circle +36.6M 3. stcUSD @CapApp +33.9M 4. syrupUSDC @maplefinance +29.7M 5. sUSDai @USDai_Official +25.9M

How "insured" onchain yield actually works (until it doesn't) 1. You put your savings into a self-custodied "Earn" product inside a mainstream trading app. It pays 7% on a yield-bearing stablecoin, and the marketing leans hard on the word "insured." 2. Everything feels exactly like a savings account. The yield lands every week, the token holds its value, and you stop thinking about it entirely. 3. What you don't see is that the same token you're holding is being used as collateral across DeFi lending markets, borrowed against, looped, and reused many times over. 4. Then a hack hits one of the protocols behind the scenes. An attacker compromises the infrastructure a protocol relies on to verify cross-chain data and forges messages that let them mint fake tokens out of thin air, worth hundreds of millions of dollars. 5. Those fake tokens get posted as real collateral and used to borrow genuine assets across major lending markets. One protocol alone is left holding close to $200 million in bad debt. Its automated safety buffer, sized for a smaller everyday shock, covers barely a quarter of it. 6. Your token wobbles. Worried users start pulling out of the Earn product all at once. The platform pays the first redeemers from its cash reserves, then pauses withdrawals once that cash runs out. You're not one of the first ones out. 7. Weeks later, several DeFi protocols pledge hundreds of millions together, and the lending-side hole gets patched. The broader system stabilizes. But your Earn product doesn't recover as cleanly, and by the time redemptions reopen, you're paid out well below what you put in. 8. Now you go looking for the insurance you thought you had. 9. You find the actual policy. It covers cyber incidents and smart contract exploits, but it states plainly that it "covers the platform; it is not a personal policy for you and does not give you a direct right to make a claim." The company itself calls it "not a substitute for FDIC insurance." 10. It's not a rare gap, and you didn't do anything wrong. By industry estimates, less than 2% of all value locked in DeFi carries any insurance at all, and almost all of that thin sliver sits with a single provider. We mapped out exactly where onchain insurance ends and where everyday savers are left exposed.

If hacks are rare, why is crime insurance still expensive? Average hack losses are under 1% of assets at risk each year, yet insurance can cost 4x that. That spread is the price of being prepared for the one year something goes very wrong. Full breakdown ↓

A Robinhood-branded vault hit $600M in deposits in under 30 days. Faster than any DeFi lending pool before it. We dug into who's actually borrowing. 36 whales hold 98% of the debt, running carry trades at up to 12x leverage. New Stablewatch research is here ↓

New Listing: syrupUSDG A yield-bearing dollar asset from @maplefinance, denominated in @global_dollar’s USDG. Backed by Maple’s overcollateralized lending strategy and redeemable for USDG, it expands Maple’s yield-bearing lineup alongside syrupUSDC and syrupUSDT.