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[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Same leaders as last week, with a notable new entrant in sUSD.infra (@dawninternet), a vault participation token that earns yield from loans on a stablecoin that is backed by US treasuries.

$1,000 USD Investment Level Opportunities:
1. 21.60% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.93% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 18.72% - sUSDx (USDx), Ethereum, Pendle, December 2
4. 16.04% - USP (USDC), Ethereum, Pendle, November 25
5. 14.91% - sUSD.infra, Solana, Exponent, January 10, 2027

$10,000 USD Investment Level Opportunities:
1. 21.52% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.90% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 18.69% - sUSDx (USDx), Ethereum, Pendle, December 2
4. 16.43% - USP (USDC), Ethereum, Pendle, November 25
5. 14.86% - sUSD.infra, Solana, Exponent, January 10, 2027

$100,000 USD Investment Level Opportunities:
1. 20.53% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.70% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 18.57% - sUSDx (USDx), Ethereum, Pendle, December 2
4. 14.39% - USP (USDC), Ethereum, Pendle, November 25
5. 14.34% - USDx, Ethereum, Pendle, December 2

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Here are the top 5 incentivized (@merkl_xyz) opportunities to earn stablecoin-only yield on stablecoin-only liquidity:

1. 25.37% - USDm, Provide liquidity to Mento EURm-USDm, Monad

2. 18.04% - aUSD, Provide liquidity to Fables Uniswap v4 aUSD/frxUSD, Robinhood Chain

3. 18.04% - frxUSD, Provide liquidity to Fables Uniswap v4 aUSD/frxUSD, Robinhood Chain

4. 13.12% - USDm, Provide liquidity to Mento AUSD-USDm, Monad

5. 12.95% - USD₮0, Borrow USD₮0 from LayerBank on Rootstock, Rootstock

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Opportunities can be found on the Merkl website.

[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Similar leaders this week, with 3Jane's sUSD3 token, a junior, first-loss tranche on their lending pool, continuing its unbroken lead.

Total dominance by @pendle_fi as the marketplace with all the highest PT APY opportunities across all measured investment sizes.

$1,000 USD Investment Level Opportunities:
1. 21.63% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.73% - sUSDx (USDx), Ethereum, Pendle, December 2
3. 18.32% - reUSDe (USDe), Ethereum, Pendle, December 9
4. 16.90% - USP (USDC), Ethereum, Pendle, November 25
5. 14.69% - USDx, Ethereum, Pendle, December 2

$10,000 USD Investment Level Opportunities:
1. 21.43% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.70% - sUSDx (USDx), Ethereum, Pendle, December 2
3. 18.29% - reUSDe (USDe), Ethereum, Pendle, December 9
4. 16.84% - USP (USDC), Ethereum, Pendle, November 25
5. 14.62% - USDx, Ethereum, Pendle, December 2

$100,000 USD Investment Level Opportunities:
1. 19.94% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.49% - sUSDx (USDx), Ethereum, Pendle, December 2
3. 14.73% - USP (USDC), Ethereum, Pendle, November 25
4. 14.17% - USD3, Ethereum, Pendle, December 16
5. 13.90% - USDx, Ethereum, Pendle, December 2

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

3Jane's junior tranche for their loan pool, sUSD3, continues its uninterrupted weekly lead.

$1,000 USD Investment Level Opportunities:
1. 22.27% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.00% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 17.37% - sUSDx (USDx), Ethereum, Pendle, December 2
4. 15.96% - USP (USDC), Ethereum, Pendle, November 25
5. 15.59% - yvvbUSDC (vbUSDC), Ethereum, Spectra, November 21

$10,000 USD Investment Level Opportunities:
1. 22.04% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.96% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 17.38% - sUSDx (USDx), Ethereum, Pendle, December 2
4. 15.76% - USP (USDC), Ethereum, Pendle, November 25
5. 13.93% - USD3, Ethereum, Pendle, December 16

$100,000 USD Investment Level Opportunities:
1. 19.77% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.25% - sUSDx (USDx), Ethereum, Pendle, December 2
3. 13.93% - USD3, Ethereum, Pendle, December 16
4. 12.83% - USDx, Ethereum, Pendle, December 2
5. 12.49% - srEHYUSD (srEHYUSD), Solana, Exponent, December 12

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

sUSD3 junior tranche (first loss) yield bearing stablecoin from 3janexyz continues to dominate yields.

Noteworthy new entrant is USDx from @AxisFDN an over-collateralized synthetic dollar used to mint. Staked version (sUSDx) purports to earn yield from arbitrage strategies (cross-venue & cross-currency), funding-rate/basis hedges, OTC/RFQ and yield on margin.

$1,000 USD Investment Level Opportunities:
1. 23.18% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 20.04% - sUSDx (USDx), Ethereum, Pendle, December 2
3. 17.76% - reUSDe (USDe), Ethereum, Pendle, December 9
4. 15.27% - USDx, Ethereum, Pendle, December 2
5. 14.50% - ONyc, Solana, Exponent, January 10, 2027

$10,000 USD Investment Level Opportunities:
1. 23.12% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 19.97% - sUSDx (USDx), Ethereum, Pendle, December 2
3. 17.73% - reUSDe (USDe), Ethereum, Pendle, December 9
4. 15.19% - USDx, Ethereum, Pendle, December 2
5. 14.50% - ONyc, Solana, Exponent, January 10, 2027

$100,000 USD Investment Level Opportunities:
1. 22.51% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 19.75% - sUSDx (USDx), Ethereum, Pendle, December 2
3. 17.71% - reUSDe (USDe), Ethereum, Pendle, December 9
4. 14.47% - ONyc, Solana, Exponent, January 10, 2027
5. 14.33% - USDx, Ethereum, Pendle, December 2

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Some turnover this week, btu sUSD3, the junior tranche stable token from @3janexyz continues to lead across all investment levels.

1,000 USD Investment Level Opportunities:
1. 22.22% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.67% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.94% - USP (USDC), Ethereum, Pendle, November 25
4. 14.81% - ONyc, Solana, Exponent, January 10, 2027
5. 14.22% - ONyc, Solana, rate-x, September 29

10,000 USD Investment Level Opportunities:
1. 21.98% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.65% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.79% - ONyc, Solana, Exponent, January 10, 2027
4. 14.18% - USP (USDC), Ethereum, Pendle, November 25
5. 13.73% - ONyc, Solana, rate-x, September 29

100,000 USD Investment Level Opportunities:
1. 20.71% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.64% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.63% - ONyc, Solana, Exponent, January 10, 2027
4. 13.50% - USD3, Ethereum, Pendle, December 16
5. 12.99% - srONyc, Solana, Exponent, January 10, 2027

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Below, are the top 5 opportunities to earn stablecoin-only yield on stablecoin-only liquidity.

This week is once again led by incentivized opportunities from 1inch Aqua.

1. 230.88% - USDC, Provide liquidity to DeFi major markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

2. 194.71% - USDC, Provide liquidity to BTC wrapper markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

3. 125.37% - USDC, Provide liquidity to ETH & LST markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

4. 27.84% - USDC, Provide liquidity to SushiSwap VUSD-USDT 0.05%, Ethereum

5. 11.09% - USDp, Stake into the Curve frxUSDP gauge, Avalanche

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.

[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Almost identical opportunities as last week, with main variability occurring at $1k level with 2 opporutnities on @spectra_finance .

Once again, the leader across all levels is sUSD3 a junior tranche that earns a higher yield by taking first loss on a private loan pool.

$1,000 USD Investment Level Opportunities:
1. 23.72% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.41% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 16.36% - sUSG (USG), Ethereum, Spectra, September 24
4. 15.06% - WUSDN (USDN), Ethereum, Spectra, January 11, 2027
5. 14.21% - ONyc, Solana, Exponent, September 10

$10,000 USD Investment Level Opportunities:
1. 23.38% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.38% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.21% - ONyc, Solana, Exponent, September 10
4. 13.81% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 13.41% - USD3, Ethereum, Pendle, December 16

$100,000 USD Investment Level Opportunities:
1. 21.70% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.33% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.13% - ONyc, Solana, Exponent, September 10
4. 13.77% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 13.38% - USD3, Ethereum, Pendle, December 16

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Below are the top 5 incentivized opportunities to earn stablecoin-only yield on stablecoin-only liquidity.

1inch Aqua campaigns continues to lead with outsized yields:

1. 191.11% - USDC, Provide liquidity to DeFi major markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

2. 115.08% - USDC, Provide liquidity to ETH & LST markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

3. 77.70% - USDC, Provide liquidity to BTC wrapper markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

4. 61.62% - USDC, Provide liquidity to stablecoin markets on 1inch Aqua - Season 1 (USDC rewards), Ethereum

5. 12.94% - USDC, Stakers Rewards ZFI, Ethereum

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Opportunities can be found on the Merkl website.

[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Consistently the same leaders every week for the past couple of months. Once again sUSD3, a first-loss/junior tranche for a private loan pool, operated by 3Jane, leads across all investment levels.

$1,000 USD Investment Level Opportunities:
1. 22.90% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.07% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 15.18% - ONyc, Solana, Exponent, September 10
4. 14.42% - sUSG (USG), Ethereum, Spectra, September 24
5. 13.87% - USD3, Ethereum, Pendle, December 16

$10,000 USD Investment Level Opportunities:
1. 22.74% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 15.17% - ONyc, Solana, Exponent, September 10
3. 13.87% - USD3, Ethereum, Pendle, December 16
4. 13.66% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 13.06% - ONyc, Solana, rate-x, September 29

$100,000 USD Investment Level Opportunities:
1. 22.51% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.81% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 15.09% - ONyc, Solana, Exponent, September 10
4. 13.67% - USD3, Ethereum, Pendle, December 16
5. 13.62% - nOPAL (USDC), Ethereum, Pendle, September 18

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

Virtually all the same leaders this week. Again, all levels led by sUSD3 a junior tranche from 3Jane that takes first loss on a private loan portfolio.

$1,000 USD Investment Level Opportunities:
1. 23.10% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.43% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.77% - ONyc, Solana, Exponent, September 10
4. 14.51% - sUSG (USG), Ethereum, Spectra, September 24
5. 13.70% - nOPAL (USDC), Ethereum, Pendle, September 18

$10,000 USD Investment Level Opportunities:
1. 22.84% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.40% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.76% - ONyc, Solana, Exponent, September 10
4. 13.67% - USD3, Ethereum, Pendle, December 16
5. 13.67% - nOPAL (USDC), Ethereum, Pendle, September 18

$100,000 USD Investment Level Opportunities:
1. 22.69% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 14.72% - ONyc, Solana, Exponent, September 10
3. 13.59% - USD3, Ethereum, Pendle, December 16
4. 13.50% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 11.11% - strUSD (trUSD), Ethereum, Pendle, November 25

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Below are the top 5 Merkl opportunities to earn stablecoin-only yield on stablecoin-only liquidity.

This week is dominated by opportunities incentivized by @1inch Aqua, which bills itself as a self-custodial shared liquidity layer that lets providers back multiple trading positions from a single wallet balance without locking tokens in pools.

1. 125.56% - USDC, Aqua Season 1 — DeFi Majors (USDC boost), Ethereum

2. 107.96% - USDC, Aqua Season 1 — ETH & LSTs (USDC boost), Ethereum

3. 93.78% - USDC, Aqua Season 1 — BTC Wrappers (USDC boost), Ethereum

4. 57.15% - USDC, Aqua Season 1 — RWA (USDC boost), Ethereum

5. 29.30% - USDC, Aqua Season 1 — Stablecoins (USDC boost), Ethereum

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.

[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

sUSD3 (@3janexyz) continues to be the top yield, week-after-week. It is a riskier junior tranche that earns higher yield but takes first losses from a credit pool of fintech consumer/SMB and crypto loans.

$1,000 USD Investment Level Opportunities:
1. 22.97% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.20% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.19% - ONyc, Solana, Exponent, September 10
4. 14.18% - sUSG (USG), Ethereum, Spectra, September 24
5. 13.78% - nOPAL (USDC), Ethereum, Pendle, September 18

$10,000 USD Investment Level Opportunities:
1. 22.81% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.18% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.19% - ONyc, Solana, Exponent, September 10
4. 13.76% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 13.57% - USD3, Ethereum, Pendle, December 16

$100,000 USD Investment Level Opportunities:
1. 22.64% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.17% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.12% - ONyc, Solana, Exponent, September 10
4. 13.62% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 13.57% - USD3, Ethereum, Pendle, December 16

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

As with the previous several weeks, SUSD3 once again leads across all investment levels.

$trUSD (@tori_finance), a synthetic USD-pegged token is a notable new entrant at the $10k level. The peg is backed by the NAV of hedged / delta neutral trading positions, cash & equivalents, and and a small buffer fund. The staked version earns yield from delta neutral positions in global money markets, futures arbitrage / basis trades, and calendar spreads.

$1,000 USD Investment Level Opportunities:
1. 22.33% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.43% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 17.37% - WUSDN (USDN), Ethereum, Spectra, January 11, 2027
4. 14.22% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 14.19% - ONyc, Solana, Exponent, September 10

$10,000 USD Investment Level Opportunities:
1. 22.07% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.43% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.22% - nOPAL (USDC), Ethereum, Pendle, September 18
4. 14.18% - ONyc, Solana, Exponent, September 10
5. 13.63% - trUSD (trUSD), Ethereum, Pendle, November 25

$$100,000 USD Investment Level Opportunities:
1. 21.63% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.43% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.10% - ONyc, Solana, Exponent, September 10
4. 13.93% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 13.43% - USD3, Ethereum, Pendle, December 16

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Here are this week's top 5 opportunities to earn stablecoin-only yield on stablecoin-only liquidity on @merkl_xyz.

Yields for stablecoin-only incentives have been dropping the past few weeks.

1. 10.10% - USDp, Provide liquidity to Balancer USDp-eUSDC-3, HyperEVM

2. 10.00% - DOLA, Borrow USDC on sDOLA/USDC 91.5%, Ethereum

3. 9.10% - USDp, Stake into the Curve frxUSDP gauge, Avalanche

4. 7.56% - USDp, Stake into the Curve USDpfrxUSD gauge, HyperEVM

5. 6% - USDG, Lend USDG on Aave V4 Core Hub, Ethereum

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.

[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

sUSD3 continues to dominate across all investment levels. The APYs remain high in light of the underlying risk, given that it's a junior tranche to USD3 that takes first losses from yield earned from a credit pool of fintech consumer/SMB and crypto loans.

$1,000 USD Investment Level Opportunities:
1. 21.46% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.83% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.27% - ONyc, Solana, Exponent, September 10
4. 13.60% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 13.55% - sUSG (USG), Ethereum, Spectra, September 24

$10,000 USD Investment Level Opportunities:
1. 21.21% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.80% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 14.24% - ONyc, Solana, Exponent, September 10
4. 13.59% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 13.02% - ONyc, Solana, rate-x, September 29

$100,000 USD Investment Level Opportunities:
1. 20.50% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.73% - USD3, Ethereum, Pendle, December 16
3. 17.50% - reUSDe (USDe), Ethereum, Pendle, December 9
4. 14.19% - ONyc, Solana, Exponent, September 10
5. 13.36% - nOPAL (USDC), Ethereum, Pendle, September 18

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

This week is again led, within higher week-over-week APYs, by $sUSD3 from @3janexyz, a junior tranche to USD3 that earns yield from a levered share of interest from a credit pool of fintech consumer/SMB and crypto loans.

$1,000 USD Investment Level Opportunities:
1. 19.86% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.69% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 18.42% - sUSDu, Solana, rate-x, July 29
4. 15.53% - ONyc, Solana, Exponent, September 10
5. 14.25% - sUSG (USG), Ethereum, Spectra, September 24

$10,000 USD Investment Level Opportunities:
1. 19.55% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.66% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 16.67% - sUSDu, Solana, rate-x, July 29
4. 15.52% - ONyc, Solana, Exponent, September 10
5. 13.77% - nOPAL (USDC), Ethereum, Pendle, September 18

$100,000 USD Investment Level Opportunities:
1. 18.60% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.35% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 15.45% - ONyc, Solana, Exponent, September 10
4. 13.46% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 11.86% - USD3, Ethereum, Pendle, December 16

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Here are the top 5 @merkl_xyz campaigns to earn stablecoin-only yield on stablecoin-only liquidity:

1. 28.53% - USDT0, Provide liquidity to Uniswap msUSD-USDT0 0.05%, Plasma

2. 10.56% - USDp, Provide liquidity to Balancer USDp-eUSDC-3, HyperEVM

3. 10.00% - DOLA, Borrow USDC on sDOLA/USDC, Ethereum

4. 9.33% - BOLD, Provide liquidity to UniswapV4 BOLD-USDC 0.05%, Ethereum

5. 9.1% - USDp, Stake into the Curve frxUSDP gauge, Avalanche

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.
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[stable.fyi @stablefyi]

Below, are the best rates you can get for 1K, 10K, and 100K USD investments on fixed term/fixed yield principal tokens (PTs).

This week, all investment levels are again led by $sUSD3 (@3janexyz), a junior tranche to USD3 that earns yield from a levered share of interest from a credit pool of fintech consumer/SMB and crypto loans.

$1,000 USD Investment Level Opportunities:
1. 18.49% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 18.37% - sUSDu, Solana, rate-x, July 29
3. 17.28% - reUSDe (USDe), Ethereum, Pendle, December 9
4. 15.96% - ONyc, Solana, Exponent, September 10
5. 13.95% - ONyc, Solana, rate-x, September 29

$10,000 USD Investment Level Opportunities:
1. 18.41% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.28% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 15.95% - ONyc, Solana, Exponent, September 10
4. 15.62% - sUSDu, Solana, rate-x, July 29
5. 13.48% - ONyc, Solana, rate-x, September 29

$100,000 USD Investment Level Opportunities:
1. 18.40% - sUSD3 (USDC), Ethereum, Pendle, December 16
2. 17.28% - reUSDe (USDe), Ethereum, Pendle, December 9
3. 15.68% - ONyc, Solana, Exponent, September 10
4. 12.90% - nOPAL (USDC), Ethereum, Pendle, September 18
5. 11.68% - USD3, Ethereum, Pendle, December 16

*Note: rates are calculated at time of publication and subject to change; limited to markets with > 2 weeks in duration and tokens at or above their peg. PT markets still have risk of loss from underlying stablecoin depegs.

[stable.fyi @stablefyi]

Below are the top 5 incentivized (via @merkl_xyz) opportunities to earn stablecoin-only yield on stablecoin-only liquidity.

Available yields have fallen considerably compared to previous weeks:

1. 10.62% - USDp, Provide liquidity to Balancer USDp-eUSDC-3, HyperEVM

2. 10.00% - DOLA, Borrow USDC on sDOLA/USDC 91.5%, Ethereum

3. 9.10% - USDp, Stake into the Curve frxUSDP gauge, Avalanche

4. 7.64% - USDtb, Supply USDtb on eUSDtb vault, Ethereum

5. 7.38% - fxUSD, Supply to fxUSD Agentic Stablecoin V2 vault on Morpho on Base, Base

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.