u/stablefyi

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Same leaders as last week, with a notable new entrant in sUSD.infra (dawninternet), a vault participation token that earns yield from loans on a stablecoin that is backed by US treasuries.

1,000 USD Investment Level Opportunities:

1. 21.60% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 18.93% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 18.72% - sUSDx (USDx), Ethereum, Pendle, December 2

4. 16.04% - USP (USDC), Ethereum, Pendle, November 25

5. 14.91% - sUSD.infra, Solana, Exponent, January 10, 2027

10,000 USD Investment Level Opportunities:

1. 21.52% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 18.90% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 18.69% - sUSDx (USDx), Ethereum, Pendle, December 2

4. 16.43% - USP (USDC), Ethereum, Pendle, November 25

5. 14.86% - sUSD.infra, Solana, Exponent, January 10, 2027

100,000 USD Investment Level Opportunities:

1. 20.53% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 18.70% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 18.57% - sUSDx (USDx), Ethereum, Pendle, December 2

4. 14.39% - USP (USDC), Ethereum, Pendle, November 25

5. 14.34% - USDx, Ethereum, Pendle, December 2

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Here are the top 5 incentivized (Merkl) opportunities to earn stablecoin-only yield on stablecoin-only liquidity:

1. 25.37% - USDm, Provide liquidity to Mento EURm-USDm, Monad

2. 18.04% - aUSD, Provide liquidity to Fables Uniswap v4 aUSD/frxUSD, Robinhood Chain

3. 18.04% - frxUSD, Provide liquidity to Fables Uniswap v4 aUSD/frxUSD, Robinhood Chain

4. 13.12% - USDm, Provide liquidity to Mento AUSD-USDm, Monad

5. 12.95% - USD₮0, Borrow USD₮0 from LayerBank on Rootstock, Rootstock

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Similar leaders this week, with 3Jane's sUSD3 token, a junior, first-loss tranche on their lending pool, continuing its unbroken lead.

Total dominance by Pendle as the marketplace with all the highest PT APY opportunities across all measured investment sizes.

1,000 USD Investment Level Opportunities:

1. 21.63% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 18.73% - sUSDx (USDx), Ethereum, Pendle, December 2

3. 18.32% - reUSDe (USDe), Ethereum, Pendle, December 9

4. 16.90% - USP (USDC), Ethereum, Pendle, November 25

5. 14.69% - USDx, Ethereum, Pendle, December 2

10,000 USD Investment Level Opportunities:

1. 21.43% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 18.70% - sUSDx (USDx), Ethereum, Pendle, December 2

3. 18.29% - reUSDe (USDe), Ethereum, Pendle, December 9

4. 16.84% - USP (USDC), Ethereum, Pendle, November 25

5. 14.62% - USDx, Ethereum, Pendle, December 2

100,000 USD Investment Level Opportunities:

1. 19.94% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 18.49% - sUSDx (USDx), Ethereum, Pendle, December 2

3. 14.73% - USP (USDC), Ethereum, Pendle, November 25

4. 14.17% - USD3, Ethereum, Pendle, December 16

5. 13.90% - USDx, Ethereum, Pendle, December 2

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

3Jane's junior tranche for their loan pool, sUSD3, continues its uninterrupted weekly lead.

1,000 USD Investment Level Opportunities:

1. 22.27% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 18.00% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 17.37% - sUSDx (USDx), Ethereum, Pendle, December 2

4. 15.96% - USP (USDC), Ethereum, Pendle, November 25

5. 15.59% - yvvbUSDC (vbUSDC), Ethereum, Spectra, November 21

10,000 USD Investment Level Opportunities:

1. 22.04% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.96% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 17.38% - sUSDx (USDx), Ethereum, Pendle, December 2

4. 15.76% - USP (USDC), Ethereum, Pendle, November 25

5. 13.93% - USD3, Ethereum, Pendle, December 16

100,000 USD Investment Level Opportunities:

1. 19.77% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.25% - sUSDx (USDx), Ethereum, Pendle, December 2

3. 13.93% - USD3, Ethereum, Pendle, December 16

4. 12.83% - USDx, Ethereum, Pendle, December 2

5. 12.49% - srEHYUSD (srEHYUSD), Solana, Exponent, December 12

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

sUSD3 junior tranche (first loss) yield bearing stablecoin from 3janexyz continues to dominate yields.

A noteworthy new entrant is USDx from AxisFDN an over-collateralized synthetic dollar used to mint. Staked version (sUSDx) purports to earn yield from arbitrage strategies (cross-venue & cross-currency), funding-rate/basis hedges, OTC/RFQ and yield on margin.

1,000 USD Investment Level Opportunities:

1. 23.18% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 20.04% - sUSDx (USDx), Ethereum, Pendle, December 2

3. 17.76% - reUSDe (USDe), Ethereum, Pendle, December 9

4. 15.27% - USDx, Ethereum, Pendle, December 2

5. 14.50% - ONyc, Solana, Exponent, January 10, 2027

10,000 USD Investment Level Opportunities:

1. 23.12% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 19.97% - sUSDx (USDx), Ethereum, Pendle, December 2

3. 17.73% - reUSDe (USDe), Ethereum, Pendle, December 9

4. 15.19% - USDx, Ethereum, Pendle, December 2

5. 14.50% - ONyc, Solana, Exponent, January 10, 2027

100,000 USD Investment Level Opportunities:

1. 22.51% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 19.75% - sUSDx (USDx), Ethereum, Pendle, December 2

3. 17.71% - reUSDe (USDe), Ethereum, Pendle, December 9

4. 14.47% - ONyc, Solana, Exponent, January 10, 2027

5. 14.33% - USDx, Ethereum, Pendle, December 2

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Some turnover this week, btu sUSD3, the junior tranche stable token from 3Jane continues to lead across all investment levels.

1,000 USD Investment Level Opportunities:

1. 22.22% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.67% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.94% - USP (USDC), Ethereum, Pendle, November 25

4. 14.81% - ONyc, Solana, Exponent, January 10, 2027

5. 14.22% - ONyc, Solana, rate-x, September 29

10,000 USD Investment Level Opportunities:

1. 21.98% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.65% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.79% - ONyc, Solana, Exponent, January 10, 2027

4. 14.18% - USP (USDC), Ethereum, Pendle, November 25

5. 13.73% - ONyc, Solana, rate-x, September 29

100,000 USD Investment Level Opportunities:

1. 20.71% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.64% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.63% - ONyc, Solana, Exponent, January 10, 2027

4. 13.50% - USD3, Ethereum, Pendle, December 16

5. 12.99% - srONyc, Solana, Exponent, January 10, 2027

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Below, are the top 5 opportunities to earn stablecoin-only yield on stablecoin-only liquidity.

This week is once again led by incentivized opportunities from 1inch Aqua.

1. 230.88% - USDC, Provide liquidity to DeFi major markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

2. 194.71% - USDC, Provide liquidity to BTC wrapper markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

3. 125.37% - USDC, Provide liquidity to ETH & LST markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

4. 27.84% - USDC, Provide liquidity to SushiSwap VUSD-USDT 0.05%, Ethereum

5. 11.09% - USDp, Stake into the Curve frxUSDP gauge, Avalanche

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Almost identical opportunities as last week, with main variability occurring at 1k level with 2 opporutnities on Spectra Finance.

Once again, the leader across all levels is sUSD3 a junior tranche that earns a higher yield by taking first loss on a private loan pool.

1,000 USD Investment Level Opportunities:

1. 23.72% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.41% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 16.36% - sUSG (USG), Ethereum, Spectra, September 24
4. 15.06% - WUSDN (USDN), Ethereum, Spectra, January 11, 2027
5. 14.21% - ONyc, Solana, Exponent, September 10

10,000 USD Investment Level Opportunities:

1. 23.38% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.38% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.21% - ONyc, Solana, Exponent, September 10
4. 13.81% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 13.41% - USD3, Ethereum, Pendle, December 16

100,000 USD Investment Level Opportunities:

1. 21.70% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.33% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.13% - ONyc, Solana, Exponent, September 10
4. 13.77% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 13.38% - USD3, Ethereum, Pendle, December 16

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Below are the top 5 incentivized opportunities to earn stablecoin-only yield on stablecoin-only liquidity.

1inch Aqua campaigns continues to lead with outsized yields:

1. 191.11% - USDC, Provide liquidity to DeFi major markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

2. 115.08% - USDC, Provide liquidity to ETH & LST markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

3. 77.70% - USDC, Provide liquidity to BTC wrapper markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

4. 61.62% - USDC, Provide liquidity to stablecoin markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

5. 12.94% - USDC, Stakers Rewards ZFI, Ethereum

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Consistently the same leaders every week for the past couple of months. Once again sUSD3, a first-loss/junior tranche for a private loan pool, operated by 3Jane, leads across all investment levels.

1,000 USD Investment Level Opportunities:

1. 22.90% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.07% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 15.18% - ONyc, Solana, Exponent, September 10
4. 14.42% - sUSG (USG), Ethereum, Spectra, September 24
5. 13.87% - USD3, Ethereum, Pendle, December 16

10,000 USD Investment Level Opportunities:

1. 22.74% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 15.17% - ONyc, Solana, Exponent, September 10
3. 13.87% - USD3, Ethereum, Pendle, December 16
4. 13.66% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 13.06% - ONyc, Solana, rate-x, September 29

100,000 USD Investment Level Opportunities:

1. 22.51% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.81% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 15.09% - ONyc, Solana, Exponent, September 10
4. 13.67% - USD3, Ethereum, Pendle, December 16
5. 13.62% - nOPAL (USDC), Ethereum, Pendle, September 18

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Virtually all the same leaders this week. Again, all levels led by sUSD3 a junior tranche that takes first loss on a private loan portfolio.

1,000 USD Investment Level Opportunities:

1. 23.10% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.43% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.77% - ONyc, Solana, Exponent, September 10

4. 14.51% - sUSG (USG), Ethereum, Spectra, September 24

5. 13.70% - nOPAL (USDC), Ethereum, Pendle, September 18

10,000 USD Investment Level Opportunities:

1. 22.84% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.40% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.76% - ONyc, Solana, Exponent, September 10

4. 13.67% - USD3, Ethereum, Pendle, December 16

5. 13.67% - nOPAL (USDC), Ethereum, Pendle, September 18

100,000 USD Investment Level Opportunities:

1. 22.69% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 14.72% - ONyc, Solana, Exponent, September 10

3. 13.59% - USD3, Ethereum, Pendle, December 16

4. 13.50% - nOPAL (USDC), Ethereum, Pendle, September 18

5. 11.11% - strUSD (trUSD), Ethereum, Pendle, November 25

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Below are the top 5 Merkl opportunities to earn stablecoin-only yield on stablecoin-only liquidity.

This week is dominated by opportunities incentivized by 1inch Aqua, which bills itself as a self-custodial shared liquidity layer that lets providers back multiple trading positions from a single wallet balance without locking tokens in pools.

1. 125.56% - USDC, Aqua Season 1 — DeFi Majors (USDC boost), Ethereum

2. 107.96% - USDC, Aqua Season 1 — ETH & LSTs (USDC boost), Ethereum

3. 93.78% - USDC, Aqua Season 1 — BTC Wrappers (USDC boost), Ethereum

4. 57.15% - USDC, Aqua Season 1 — RWA (USDC boost), Ethereum

5. 29.30% - USDC, Aqua Season 1 — Stablecoins (USDC boost), Ethereum

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

sUSD3 (3jane) continues to be the top yield, week-after-week. It is a riskier junior tranche that earns higher yield but takes first losses from a credit pool of fintech consumer/SMB and crypto loans.

1,000 USD Investment Level Opportunities:

1. 22.97% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.20% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.19% - ONyc, Solana, Exponent, September 10

4. 14.18% - sUSG (USG), Ethereum, Spectra, September 24

5. 13.78% - nOPAL (USDC), Ethereum, Pendle, September 18

10,000 USD Investment Level Opportunities:

1. 22.81% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.18% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.19% - ONyc, Solana, Exponent, September 10

4. 13.76% - nOPAL (USDC), Ethereum, Pendle, September 18

5. 13.57% - USD3, Ethereum, Pendle, December 16

100,000 USD Investment Level Opportunities:

1. 22.64% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.17% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.12% - ONyc, Solana, Exponent, September 10

4. 13.62% - nOPAL (USDC), Ethereum, Pendle, September 18

5. 13.57% - USD3, Ethereum, Pendle, December 16

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

As with the previous several weeks, SUSD3 once again leads across all investment levels.

trUSD (Tori Finance), a synthetic USD-pegged token is a notable new entrant at the 10k level. The peg is backed by the NAV of hedged / delta neutral trading positions, cash & equivalents, and and a small buffer fund. The staked version earns yield from delta neutral positions in global money markets, futures arbitrage / basis trades, and calendar spreads.

1,000 USD Investment Level Opportunities:

1. 22.33% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.43% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 17.37% - WUSDN (USDN), Ethereum, Spectra, January 11, 2027

4. 14.22% - nOPAL (USDC), Ethereum, Pendle, September 18

5. 14.19% - ONyc, Solana, Exponent, September 10

10,000 USD Investment Level Opportunities:

1. 22.07% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.43% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.22% - nOPAL (USDC), Ethereum, Pendle, September 18

4. 14.18% - ONyc, Solana, Exponent, September 10

5. 13.63% - trUSD (trUSD), Ethereum, Pendle, November 25

100,000 USD Investment Level Opportunities:

1. 21.63% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.43% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.10% - ONyc, Solana, Exponent, September 10

4. 13.93% - nOPAL (USDC), Ethereum, Pendle, September 18

5. 13.43% - USD3, Ethereum, Pendle, December 16

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Here are this week's top 5 opportunities to earn stablecoin-only yield on stablecoin-only liquidity on Merkl

Yields for stablecoin-only incentives have been dropping the past few weeks.

1. 10.10% - USDp, Provide liquidity to Balancer USDp-eUSDC-3, HyperEVM
2. 10.00% - DOLA, Borrow USDC on sDOLA/USDC 91.5%, Ethereum
3. 9.10% - USDp, Stake into the Curve frxUSDP gauge, Avalanche
4. 7.56% - USDp, Stake into the Curve USDpfrxUSD gauge, HyperEVM
5. 6% - USDG, Lend USDG on Aave V4 Core Hub, Ethereum

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

sUSD3 continues to dominate across all investment levels. The APYs remain high in light of the underlying risk, given that it's a junior tranche to USD3 that takes first losses from yield earned from a credit pool of fintech consumer/SMB and crypto loans.

1,000 USD Investment Level Opportunities:

1. 21.46% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.83% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.27% - ONyc, Solana, Exponent, September 10

4. 13.60% - nOPAL (USDC), Ethereum, Pendle, September 18

5. 13.55% - sUSG (USG), Ethereum, Spectra, September 24

10,000 USD Investment Level Opportunities:

1. 21.21% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.80% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 14.24% - ONyc, Solana, Exponent, September 10

4. 13.59% - nOPAL (USDC), Ethereum, Pendle, September 18

5. 13.02% - ONyc, Solana, rate-x, September 29

100,000 USD Investment Level Opportunities:

1. 20.50% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.73% - USD3, Ethereum, Pendle, December 16

3. 17.50% - reUSDe (USDe), Ethereum, Pendle, December 9

4. 14.19% - ONyc, Solana, Exponent, September 10

5. 13.36% - nOPAL (USDC), Ethereum, Pendle, September 18

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

This week is again led, within higher week-over-week APYs, by sUSD3 from 3Jane, a junior tranche to USD3 that earns yield from a levered share of interest from a credit pool of fintech consumer/SMB and crypto loans.

1,000 USD Investment Level Opportunities:

1. 19.86% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 18.69% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 18.42% - sUSDu, Solana, rate-x, July 29

4. 15.53% - ONyc, Solana, Exponent, September 10

5. 14.25% - sUSG (USG), Ethereum, Spectra, September 24

10,000 USD Investment Level Opportunities:

1. 19.55% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 18.66% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 16.67% - sUSDu, Solana, rate-x, July 29

4. 15.52% - ONyc, Solana, Exponent, September 10

5. 13.77% - nOPAL (USDC), Ethereum, Pendle, September 18

100,000 USD Investment Level Opportunities:

1. 18.60% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 18.35% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 15.45% - ONyc, Solana, Exponent, September 10

4. 13.46% - nOPAL (USDC), Ethereum, Pendle, September 18

5. 11.86% - USD3, Ethereum, Pendle, December 16

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Here are the top 5 Merkl campaigns to earn stablecoin-only yield on stablecoin-only liquidity:

1. 28.53% - USDT0, Provide liquidity to Uniswap msUSD-USDT0 0.05%, Plasma

2. 10.56% - USDp, Provide liquidity to Balancer USDp-eUSDC-3, HyperEVM

3. 10.00% - DOLA, Borrow USDC on sDOLA/USDC, Ethereum

4. 9.33% - BOLD, Provide liquidity to UniswapV4 BOLD-USDC 0.05%, Ethereum

5. 9.1% - USDp, Stake into the Curve frxUSDP gauge, Avalanche

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.

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Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

This week, all investment levels are again led by sUSD3 (3Jane), a junior tranche to USD3 that earns yield from a levered share of interest from a credit pool of fintech consumer/SMB and crypto loans.

1,000 USD Investment Level Opportunities:

1. 18.49% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 18.37% - sUSDu, Solana, rate-x, July 29

3. 17.28% - reUSDe (USDe), Ethereum, Pendle, December 9

4. 15.96% - ONyc, Solana, Exponent, September 10

5. 13.95% - ONyc, Solana, rate-x, September 29

10,000 USD Investment Level Opportunities:

1. 18.41% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.28% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 15.95% - ONyc, Solana, Exponent, September 10

4. 15.62% - sUSDu, Solana, rate-x, July 29

5. 13.48% - ONyc, Solana, rate-x, September 29

100,000 USD Investment Level Opportunities:

1. 18.40% - sUSD3 (USDC), Ethereum, Pendle, December 16

2. 17.28% - reUSDe (USDe), Ethereum, Pendle, December 9

3. 15.68% - ONyc, Solana, Exponent, September 10

4. 12.90% - nOPAL (USDC), Ethereum, Pendle, September 18

5. 11.68% - USD3, Ethereum, Pendle, December 16

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

Below are the top 5 incentivized (via Merkl) opportunities to earn stablecoin-only yield on stablecoin-only liquidity.

Available yields have fallen considerably compared to previous weeks:

1. 10.62% - USDp, Provide liquidity to Balancer USDp-eUSDC-3, HyperEVM

2. 10.00% - DOLA, Borrow USDC on sDOLA/USDC 91.5%, Ethereum

3. 9.10% - USDp, Stake into the Curve frxUSDP gauge, Avalanche

4. 7.64% - USDtb, Supply USDtb on eUSDtb vault, Ethereum

5. 7.38% - fxUSD, Supply to fxUSD Agentic Stablecoin V2 vault on Morpho on Base, Base

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.