About PYUSD: PayPal's entry into the on-chain space brings institutional credibility and fintech integration to yield markets.
As of today, active tracking indicates a total liquidity depth of $489,873,276 across our indexed protocols. Compared to the broader market, this liquidity profile indicates robust institutional participation.
Chain Dominance & Fragmentation: Liquidity for PYUSD is currently heavily concentrated on the Ethereum network, which hosts approx 100% of tracked pools. This suggests a mature market with established lending norms. Investors optimising for gas fees versus yield should carefully weigh the benefits of bridging to Layer 2 solutions where we often observe higher volatility in rates but lower transaction costs.
Yield Environment:
The current average APY of 1.84%
reflects a conservative 'risk-off' sentiment in the wider crypto market. With a maximum available rate of 2.09%, active rebalancing strategies can capture significant upside compared to passive holding.
Where can I find the best yield for PYUSD?
Our aggregator currently tracks 2 pools. The highest yield is found on the Spark protocol on the Ethereum network, offering 2.09%.
What are the risks of lending PYUSD?
Risks include Smart Contract bugs, De-pegging events (where PYUSD loses its $1 value), and Liquidation risk if using leverage. We assign a 'Safety Score' to every pool to help mitigate these risks. The current weighted average safety score for PYUSD pools is 100/100.
How often is this data updated?
Data is refreshed hourly. The last update was performed on 04 Dec 2025, 11:04 UTC. We maintain active tracking to ensure rates reflect the latest on-chain conditions.