From my boring yields breakdown, you can see that the main point wasn’t to find the highest APY.
It's understanding what risk bucket you’re stepping into for every extra percentage point of yield.
Initially, I decided to keep the article simple and not overwhelm with lots of projects. I guess this was a mistake, so I'll keep periodically updating it with more yield opportunities.
Another option I've been looking at is the USDT/USDC Savings vaults from
@lista_dao.
• TVL: $2B
• 30d APY: ~6.5%
There are 3 reasons why I chose these vaults to park my stablecoins (on Ethereum):
→ Market balance
The USDT (19.15%) and USDC (25.26%) utilization shows there’s borrow demand, but the vaults are not being pushed near capacity just to sustain the current yield.
→ Available liquidity
Both vaults have a meaningful liquidity buffer relative to their current size, instead of having most deposits locked into active borrows.
→ Collateral quality
Both vaults only use ETH as collateral, which matters because ETH is liquid, widely used across DeFi, and easier to monitor during market moves.
Disclosure: I'm a depositor in these vaults and a $LISTA holder.