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Today’s News Headlines:
Allium discloses breach, tells customers to rotate API keys
Crypto platforms and Korean firms report customer-data leaks
Kamino launches Backpack Market for tokenized-stock lending
Jupiter partners with BitGo on institutional validator
Aero executes first buyback, burns 174K AERO
Ripple RLUSD goes live on Bitstamp and Robinhood Chain
DTC-held stocks, ETFs, Treasuries can now be minted as tokens
Fed holds at 3.75%–4% in 10–2 vote
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 11% on Stables and >5%on ETH:
Pendle (Ethereum) — PT reUSD, matures Dec. 10, 2026 - 12.05% fixed APY
Buying PT at a discount locks 12.05% until maturity in 41 days, when each PT is worth 1 USDC staked in re.xyz. reUSD is the senior tranche of Re Protocol, which routes stablecoin deposits into fully collateralized reinsurance contracts. Its underlying APY is 6.99%, so the fixed rate sits about 5 points above what the token earns today.
The market holds $285.2M in TVL and $14.87M of depth within ±10% implied yield.
How to farm: Open the market on Pendle, choose PT, and swap USDC for PT reUSD. Hold to Dec. 10 and redeem, or sell earlier at the quoted price.
Risk:
Cushion unclear: Re capital and reUSDe absorb losses first, but TID found no supportable current figure for that cushion.
Exit: reUSD has no peg and its NAV comes from issuer valuation. Primary redemption excludes U.S. holders; Ethereum secondary depth tested at $10M+ before 2% price impact.
Admin: Token upgrades have a 48-hour timelock, but the controlling Safe can mint without delay.
Early sale: Selling PT before Dec. 10 gets the market price, not 12.05%.
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
Loopscale (Solana) — OnRe Growth Vault - 10.03% APY
The vault lends USDC against ONyc, OnRe’s reinsurance token, and also loops ONyc and trades fixed-yield ONyc on Exponent. The 10.03% APY is organic, with no token rewards listed, and the realized return was 9.55% over 30 days.
The vault holds $4.31M against a $10M cap, with 98.44% deployed. Fees are 0.30% management, 0% for standard withdrawals and 0.45% for instant ones.
How to farm: Connect a Solana wallet (e.g., Phantom), open the OnRe Growth vault on Loopscale, and deposit USDC.
Risk:
First loss: ONyc holders absorb claims before anyone else, and the book hasn't had a major claims year.
Exit: Primary redemption needs KYC and is capped near 2.5% of NAV per period. Secondary liquidity was about $2.7M, roughly 1.1% of the book. The vault pays out in Wednesday and Saturday windows unless you pay the instant fee.
Ethena underneath: The collateral float is sUSDe.
Admin keys: Solana upgrade and freeze authority are single wallets, not a multisig.
Stake DAO (Fraxtal) — Curve crvUSD/frxUSD LP - 10.84% APR
This strategy stakes the crvUSD/frxUSD Curve LP token in its gauge and boosts rewards through Stake DAO’s veCRV position, currently 1.72x. Trading fees add only 0.05%, so almost all of the 10.84% APR comes from rewards.
The pool is relatively small, with $306.2K of underlying TVL and $158.7K deposited through Stake DAO and Convex, which holds 55% under OnlyBoost. Fees total 17.00%: 5.10% to sdCRV stakers, 6.20% to vlSDT holders and 5.70% to the treasury.
Risks
Reward-driven: Nearly all of the yield depends on reward emissions, which can fall. The strategy page shows no APR history yet.
Stablecoin Risks: The LP holds both. If one slips from its peg, you end up holding more of it. At the time of reading, crvUSD was $0.9986 and frxUSD $0.9999.
Chain and contracts: Fraxtal adds chain and bridge risk, and the Stake DAO and Convex contracts add their own.
How to farm: You’ll need to bridge to Fraxtal using their native bridge and obtain frxUSD. Add liquidity to Curve’s crvUSD/frxUSD pool on Fraxtal to get the crvUSDFRAX LP token, then deposit it in the Stake DAO strategy. Claim rewards from the Claim tab.
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
Notable Mentions:
Hyperliquid — USDC lending on Earn - 3-5% APY
Suppliers earn variable interest paid by borrowers, who post HYPE (65% LTV) or BTC (50% LTV) and pay 6.65% on USDC. The USDC pool has $562.5M supplied and $452.0M borrowed, for 80% utilization, leaving about $110.5M available to withdraw. Supplied HYPE and BTC are roughly three times the borrowed amount at oracle prices, based on my calculation from the Earn page.
Risk: The rate is variable. About 86% of the collateral is HYPE, so a sharp drop could stress liquidations, and a large HYPE unlock is reported for October. Borrowing launched on Sept. 18, so the history is about six weeks. Funds sit on Hyperliquid’s own L1. TID Research’s index scores USDC 7.5/10, so the asset is the smaller risk here.
How to farm: Fund your Hyperliquid account with USDC, open the Earn page and choose Supply on USDC.
This Week’s Farming News:
Pendle’s High-Yield USDC vault on Morpho, co-curated with Wintermute’s Armitage, shows 8.31% net APY by lending USDC against PT collateral, including PT-reUSD, PT-USD3, and PT-USDat.
Yield Basis introduced market-priced pools, starting with its WETH pool, so trades follow the live ETH price instead of lagging behind it. Its own backtest shows WETH yield of +8.5% a year vs +3.6% today.
PendleLoop is live with zero fees on Earn and Long/Short loops until Dec. 31, but PT looping is excluded from the waiver.
Ethena launched Earn+, offering up to 12% rewards on dollars in one click, available only on Ethena Pay.