For investors seeking to leverage USDS, market fragmentation can be a challenge. Our algorithms analyse 1 blockchains simultaneously to locate the highest risk-adjusted APY.
Active Capital (TVL)
$3,980.8M
Total Market Depth
Mean APY
4.50%
TVL Weighted Avg
Yield Spread
0.00%
Range (Min to Max)
Networks
1
Blockchains Tracked
USDS Market Mechanics
About USDS: A digital asset designed to maintain a stable value, widely used for yield generation in decentralised finance.
As of today, active tracking indicates a total liquidity depth of $3,980,761,739 across our indexed protocols. Compared to the broader market, this liquidity profile indicates robust institutional participation.
Chain Dominance & Fragmentation: Liquidity for USDS 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 4.50%
reflects a conservative 'risk-off' sentiment in the wider crypto market. With a maximum available rate of 4.50%, active rebalancing strategies can capture significant upside compared to passive holding.
Where can I find the best yield for USDS?Our aggregator currently tracks 1 pools. The highest yield is found on the Sky Protocol protocol on the Ethereum network, offering 4.50%.
What are the risks of lending USDS?Risks include Smart Contract bugs, De-pegging events (where USDS 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 USDS pools is 100/100.
How often is this data updated?Data is refreshed hourly. The last update was performed on 23 Jan 2026, 14:10 UTC. We maintain active tracking to ensure rates reflect the latest on-chain conditions.
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