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Farms

Lend USDC For 9%, LP for 14% APY - Farming Alpha

Selected picks across USD stables and ETH. APYs are current as of today — verify live before entering.

Nov 05, 2026
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Today’s News Headlines:

  • Democrats win House and Senate, Warren set to lead Senate Banking

  • onycSOL introduced by Exponent, pre-deposits open with 4x OnRe Points

  • Aave V4 lists SPCXc on Coinbase Tokenized Stocks Market

  • Blast shuts down L2, sends users to mainnet

  • Mercado Bitcoin plans view-only reopening, pledges own funds

  • Liquity advertises 33.5% APR for BOLD/USDC on Aerodrome

  • Polygon member proposes hard fork to recover 70.49M POL


Earn 20% APY with a Fixed-Rate Borrow Loop on Liquity

While variable-rate loops get squeezed when borrow costs spike, Inverse’s FiRM locks your rate at 4.69%, just 1.02% after Merkl rewards through Dec 12. Loop Liquity’s ysyBOLD earns 5.00% from real liquidation gains and borrower interest, at ~5x leverage, for about 20% net APY.

<Loop ysyBOLD at a Fixed Rate on Liquity> | Today in DeFi is supported by Liquity


This Week’s Farming News:

  • Lista DAO’s Saturn Vault offers 10.87% APY on USDT, with vault yield, LISTA emissions, and 5x Saturn Credit Orbital Points. Deposits passed $1.47M.

  • Aave’s app offers up to 7.25% APY on several stablecoins, paid every second.

  • Kamino launched a PT-ONyc USDG market, so you can borrow USDG against Exponent’s PT-ONyc.

  • Aave V4 added collateral swaps on Ethereum, Base, and Avalanche, letting users swap collateral without closing positions.

  • Mezzanine launches Nov 5, letting users choose their own yield strategies.

  • FalconX’s Structured Credit Facility now accepts cbBTC on Ethereum at an initial 2.32% APY. The minimum deposit is 3 cbBTC.

  • Re’s reUSD is live on Monad with Pendle and Morpho: buy PT-reUSD for a fixed rate, take YT-reUSD for ~7% plus 30x Re Points, or borrow USDC against the PT.

  • SPCXc is now live on the Aave V4 market for Coinbase Tokenized Stocks on @base. Users can borrow USDC against it.


Farming Benchmarks:

Every farm below beats that baseline. When a rate looks too good relative to this range, that gap is usually the incentive/emissions component, not organic yield — check the breakdown in each card.

Earn up to 14% on Stables:

Stake DAO (Ethereum) — Curve crvUSD/sUSDe LP - 14.66% APR

This strategy stakes the Curve crvUSD/sUSDe LP in its gauge and boosts CRV rewards through Stake DAO’s veCRV position, currently 2.30x. The page labels 11.86% as “Trading APY” and doesn’t break out the rest. The remaining ~2.8% would be boosted CRV (my subtraction). There’s no APR history yet. The pool is small: $818K of underlying TVL, with $220K deposited through Stake DAO. Rewards fees total about 16.5%.

What you hold: sUSDe is Ethena’s staked USDe, a vault share that rises against USDe (about $1.25 here), not a $1 coin. Per TID’s sUSDe report, its yield now comes mainly from lending, stable spreads, and RWAs after perp funding fell from about 93% to 11% of the mix. crvUSD is Curve’s overcollateralized stablecoin, held at $0.9987 now, backed by borrowers’ crypto and soft-liquidated through LLAMMA.

How to farm: Deposit the crvUSD/sUSDe LP token on the Stake DAO page (the Zap tab can start with one token) and claim CRV from the Claim tab.

Risk — Medium: The LP holds both coins, so a depeg of either leaves you holding more of the weaker one. sUSDe has shown small secondary-market discounts in stress, and its primary redemption has a 7-day cooldown, so exits go through the market.
Most of the yield depends on the CRV boost and gauge votes, and with no APR history and such a small pool, a $20K deposit is a large share. On the protocol side, LlamaRisk’s liquid-locker assessment flagged elevated multisig rights (unlimited minting, arbitrary code execution), partly mitigated by audits.
Inverse’s review of four public Stake DAO audits found two Critical Pashov findings in a different Stake DAO product (lending). Your funds also pass through the Curve pool, the gauge, the Stake DAO vault and a Convex implementation.


Morpho (Monad) — SharpByte USDC High Yield - 8.87% APY

Lend USDC to SharpByte’s USDC High Yield vault on Morpho. It lends against two markets: PT-USDat (96.65%, matures 14 Jan 2027) and PT-reUSD (3.35%, matures 10 Dec 2026), and a third market against eTPLUS is enabled but empty.

USDat is Saturn’s Treasury-backed stablecoin, and reUSD is Re’s reinsurance-backed token. The 8.87% includes 6.92% from borrower interest and 1.95% from WMON rewards. The 7-day APY is 9.32%, and the 30-day is 7.33%. The vault launched on 16 Sep 2026, holds $1.49M, and charges a 10% performance fee.

How to farm: Bridge USDC to Monad, open the vault on Morpho, connect your wallet, and deposit. Withdrawals are instant up to the liquid balance, currently all $1.49M. Claim WMON from Morpho’s rewards page (I didn’t test this).

Risk — Medium to High. About 97% sits in PT-USDat, and Hyperithm’s Saturn vault lends into the same market (same $2.99M of liquidity at about 90% utilization), so exits compete for it. Both PT collaterals mature within weeks, so the curator has to roll into new markets, and PT-reUSD on Monad only launched on 3 Nov (about $190K of market liquidity, hence the small 3.35% slice). The vault is seven weeks old with no 90-day history. The curator hasn’t submitted a risk disclosure, Morpho lists no rating, and Morpho shows the owner as a plain address (also the sentinel and allocator) rather than a Safe multisig. Cap increases take 3 days (7 is recommended), and neither PT market has an absolute cap.

Find and execute the 15%+ stablecoin yields in minutes
Save time without checking every protocol manually. DeFi Saver’s Discover page surfaces rates across Aave, Morpho, Spark, and more, lets you simulate leverage before committing, and handles the full loop in one click. Stop leaving yield on the table.

<Discover Yields on DeFi Saver> | Today in DeFi is Supported by DeFi Saver


Premium Guide: Loop Proven PT for 20% APY on Solana

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