NEWSLETTER ARCHIVE
Weekly stablecoin yield market intelligence
Aave USDC Spikes 12% Again: WETH Borrow Stress Returns Two Weeks After Snapback
Aave V3 USDC on Ethereum reset from 3.86% to 12.14% APY in a single week, a 214% jump that retraces most of the post-rsETH calming we documented two weeks ago. Aave V3 USDT on Ethe...
Aave Stablecoin Rates Snap Back as DeFi United Closes 80% of rsETH Gap
Two weeks after the Kelp DAO rsETH exploit pushed Aave V3 stablecoin rates above 7%, the trade is over. Aave V3 USDC on Ethereum collapsed from 7.67% to 3.90% (-49%) and USDT from ...
Aave Stablecoin Rates Hold at 7%+ as DeFi United Coalition Lines Up $161M to Backstop rsETH Bad Debt
A week after the rsETH bridge exploit sent Aave V3 stablecoin rates vertical, the elevated yields are still here. USDC supply on Aave V3 Ethereum is sitting at 7.17% (vs 2.32% pre-...
rsETH Exploit Drains $292M; USDT Lending Rates Spike to 13-20% as Aave WETH Hits 100% Utilization
On April 18, an attacker exploited a compromised 1-of-1 LayerZero DVN configuration on Kelp DAO's cross-chain rsETH bridge and minted roughly 116,500 unbacked rsETH, approximately ...
Sky Obex Wires $1B to Maple as Low-Risk Yields Snap Back to 2.1%
The biggest data signal this week is a $427M surge in Maple's USDC vault, which jumped from $3.15B to $3.58B in seven days even as its APY drifted from 4.51% to 4.21%. Unlike past ...
Market Nears $75B as Institutional RWA Tokens Absorb $8B in TVL
Institutional real-world asset yield tokens have collectively absorbed over $8B in TVL, marking a structural shift in the stablecoin yield landscape. BlackRock BUIDL now spans Ethe...
Market Hits $69.8B as CLARITY Act Threatens Yield and Resolv Crashes
The CLARITY Act draft released March 24 proposes banning yield on stablecoins, sending Circle and Coinbase stocks tumbling. If enacted, US-based lending protocols and savings vault...
Market Hits $68.9B as Maple Grows to $5.4B and PYUSD Emerges at 6.3%
Maple Finance has quietly grown to $5.4B in TVL, up from $5.1B last week and $4.4B two weeks ago. At 4.28% on USDC and 3.84% on USDT with a risk score of 20, Maple continues to off...
Sky Cuts SSR to 3.75% but $6.2B SUSDS Vault Keeps Growing
Sky Protocol executed a 25bp SSR reduction from 4.00% to 3.75% this week as part of a broader governance proposal to slash SKY token buybacks by 90% and fortify its $11B stablecoin...
Maple Holds $4.4B at 4.5% as Market TVL Flatlines at $65.8B
Maple continues to stand out as the top risk-adjusted yield source in the low-risk tier, offering 4.53% on USDC and 4.21% on USDT across $4.4B in TVL with a risk score of 20. That ...
Stablecoin Market Swells to $59.4B as Ethena Yield Erodes
The stablecoin yield market added $2.3B in TVL this week, pushing total tracked value to $59.4B across 4,034 pools. But the headline number masks an important rotation: Ethena's sU...
A $57B Stablecoin Yield Market Where 75% of Capital Chooses Safety Over Returns
Welcome to the inaugural edition of the StableSafe Weekly Yield Report. Across 3,830 tracked pools and $57.1B in total TVL, the stablecoin yield market presents a clear picture: ca...