Farming Alpha: Earn >11% on USD Stablecoins & >6% on ETH LPs

Jun 18, 2026

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Today’s News Headlines:

- Satori Finance announces platform shutdown
- Swellchain winds down and exits
- Re Protocol secures Coinbase backing
- RockawayX launches Tori yield vault
- LittleBoyPlus exploited for $377K

This Week’s Farming News:

Zama, Morpho, and Steakhouse launched a confidential USDC vault opening June 23, offering 3.5–5% APY through encrypted cUSDC balances while using Steakhouse’s USDC Prime strategy.
EtherFi launches RWA Vault with Plume, offering 7% yield on stablecoins and borrowing against their position in the same place.
Superform launched its first SuperformOS vault on Flare, a Bizantine-curated USDT strategy targeting 14%+ APY across institutional lending markets.
infiniFi launched a new siUSD Pendle market on Ethereum, offering up to 9% APY on PT-siUSD and 8x infiniFi points on YT positions.
Tori Finance opens a $50M delta-neutral stablecoin vault on June 23, curated by RockawayX with a 30-day lockup and real-time reserve verification.
Re Protocol’ launched reUSD and reUSDe December 2026 Pendle markets.
InfiniFi kicked off a 7-day Pendle Chapter Takeover, boosting rewards to 8x on YT positions and 4x on LP positions in the siUSD market.
Saturn launched a Morpho USDC vault curated by Hyperithm, allowing users to lend against PT-srUSDat, PT-USDat, and PT-sUSDat collateral.
Tangent enabled sUSG as collateral for frxUSD borrowing on Morpho, combining 15.26% sUSG yield with low borrow costs
Pendle launched a one-click PT-USD3/USDC looping strategy on Morpho.
Saturn Credit added $15,000 of incentives to its Morpho markets, allocating rewards across the Saturn USDC Vault and PT-USDat lending market.
Pendle listed USDai and sUSDai February 2027 markets on Arbitrum, giving users fixed-rate exposure to AI infrastructure lending backed by GPU financing.
OnRe PT-ONyc September 2026 position is now accepted as collateral on Kamino, enabling leveraged exposure of up to 2.9x.

Earn Up to 10% on USD Stablecoin Farms:

Morpho Grove x Steakhouse High Yield AUSD - 6% APY (Monad - Lending)

Steakhouse’s high-yield AUSD vault on Monad, surfaced through Grove’s interface. The vault lends AUSD against a broad basket of collateral, including BTC, wETH, and other assets. Net APY breaks down as 3.5% vault yield plus 2.50% in WMON rewards on top. Total deposits are $987.9k with $243.5k available liquidity. No performance fee. Steakhouse is one of the most reputable Morpho curators, with conservative parameter-setting and a long track record.

Low risk ⚠️ The collateral basket is broad and includes volatile assets like BTC and wETH — a sharp drawdown in either can tighten borrower ratios and risk bad debt in the vault. Available liquidity ($243.5k against $987.9k deposits) is moderate — larger positions may face some queue. WMON token price exposure on 2.50% of the yield. Monad network risk applies as a newer chain. Morpho smart contract risk applies.

Convex Curve USD3/sUSDS LP - 11% APY (Ethereum - Boosted LP)

Curve stable pool pairing USD3 (Reserve Protocol’s diversified stablecoin, backed by a basket of blue-chip stables) with sUSDS (Sky Protocol’s yield-bearing stablecoin — the rebrand of DAI’s savings rate). Staked via Convex for a 2.5x CRV boost. Projected yield breakdown: 1.85% base trading fees + 9.99% boosted CRV + 0.057% CVX. Both assets are decentralized stables with no exposure to Ethena or fiat custodians. No CRV lock needed — Convex handles the boost collectively.

Low risk: The gap between current vAPR (26.02%) and projected (11.89%) is large — current reflects a temporary CRV gauge spike that is not expected to persist. Use the 11.89% projected figure as the realistic baseline. TVL is thin at $250K — this is the main practical concern. At this size, any meaningful position will have a significant price impact on both entry and exit, and if TVL drops further, liquidity could become an issue. Curve and Convex smart contract risk applies.

WETH/rETH LP - 6.45% total APR Balancer on Base

Balancer pool on Base pairing rETH (Rocket Pool’s LST) with waArbWETH (Basically WETH that is lent on Aave - Arbitrum). Total APR is 6.86%: 1.7% from protocol trading fees and 5.16% from a Merkl RPL incentive campaign.

Low risk⚠️ The Merkl RPL incentive campaign is the main variable — once it ends, APR drops to the ~1.6% yield-bearing base. Check the campaign end date before entering. rETH carries Rocket Pool smart contract risk. Impermanent loss is minimal given both assets track ETH closely. Base network risk applies. $183.5k TVL is thin — size positions accordingly.Earn 15% Stablecoin LPs + 20% on ETH

Farm Up to 30% on Stablecoins and 24% on ETH

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