Welcome to the year 2026, the year of vaults! In this monthly report, we examine the best-performing USD-denominated DeFi vaults across blockchains.
About the report
In this post, we examine the performance of DeFi vaults. Vaults can be considered "self-custodial investment strategies" in traditional finance: vaults are smart contracts that enable users to deposit funds from their cryptocurrency wallets and trade a predefined strategy with investors' money.
Report content updates
Since the previous report is from January 2026, we have updated the report as follows:
- Added support for Hyperliquid native vaults (Hypercore vaults) and GRVT native vaults
- Added support for Ember, Ethereum and Sui cross-chain vaults
- Added support for Accountable RWA vaults
These benchmarks include:
- Total 21 EVM blockchains, 2 non-EVM blockchains
- The report data is dated 2026-02-025
- The report covers 11,214 stablecoin-denominated vaults out of 29858 total vaults seen
- Supported denomination stablecoins include USDC (Circle), EURC (Circle), USDT (Tether), USDS (Sky), Metamask USD (mUSD) and other popular stablecoins.
DeFi vault community news, February 2026
Highlights of what happened in the DeFi vault industry in the last month.
Master vault strategy announced
Master Vault is a new vault that automates portfolio allocation for DeFi users. Instead of users hunting for the best vaults themselves, Trading Strategy's Master vault automatically allocates to the best vaults. Read the announcement here.
GRVT and Hyperliquid native vaults are available for benchmarks
You can now benchmark perpetual futures DEX native trading vaults against EVM DeFi vaults. The flagship vaults of both perp DEXes are their in-house market-making vaults. HLP for Hyperliquid and GLP for Grvt.
Average vault yield per blockchain
The breakdown of vaults by their blockchain is available. Currently, Hyperliquid native vaults dominate with 50% annual returns based on their one-month TVL-weighted returns, mostly driven by higly profitable liquidations by HLP.
Fidelity Investments enters DeFi
Fidelity Investments is a major Boston-based financial services firm and one of the world's largest asset managers, handling trillions in assets. It offers brokerage, retirement, wealth management, mutual funds, ETFs, and crypto services via its Fidelity Digital Assets division, focusing on innovation, low-cost investing, and institutional-grade solutions.
Fidelity's hiring of a Vice President, DeFi Product Manager is significant as it shows a traditional finance giant advancing into decentralised finance. The role focuses on designing and scaling institutional-grade DeFi products, including on-chain vaults, structured strategies (yield, carry, delta-neutral), protocol assessments, smart-contract architecture, tokenomics, oracle risk management, and portfolio curation—bridging TradFi and DeFi to drive mainstream adoption.
The best-performing vaults
Here you can find the vaults with the best absolute monthly returns. Ostium Liquidity Pool has retaken its place as the best-performing vault.
- View the live benchmark to examine the data in real time
- Here, we list the best vaults by their last month's performance, and charts for three-month rolling returns
- We also chart the rolling returns of best performing low-volatility vaults
- Filtered for $200k USD minimum TVL
| Vault | 1M return ann. (net / gross) | 3M return ann. (net / gross) | Lifetime return ann. (net / gross) | 3M sharpe | TVL USD (current / peak) | Age (years) | Denomination | Chain | Protocol | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | $REKTOBER | 10000.0% (n) | 10000.0% (n) | 10000.0% (n) | 8.40 | 367,951 (405,235) | 0.04 | USDC | Hypercore | Hyperliquid |
| 2 | Overdose | 10000.0% (n) | 4630.7% (n) | 4630.7% (n) | 5.20 | 547,516 (567,803) | 0.21 | USDC | Hypercore | Hyperliquid |
| 3 | Long HYPE & BTC | Short Garbage | 10000.0% (n) | 415.4% (n) | 122.0% (n) | 3.20 | 1,507,950 (5,218,102) | 0.88 | USDC | Hypercore | Hyperliquid |
| 4 | Not In Employment Education or Training | 10000.0% (n) | 10000.0% (n) | 10000.0% (n) | 5.60 | 3,453,858 (3,572,841) | 0.27 | USDC | Hypercore | Hyperliquid |
| 5 | Bitcoin Moving Average Long/Short | 3241.0% (n) | 132.8% (n) | 37.5% (n) | 2.30 | 3,680,534 (3,896,312) | 0.38 | USDC | Hypercore | Hyperliquid |
| 6 | Citadel | 3186.0% (n) | 100.4% (n) | 412.9% (n) | 2.50 | 543,026 (543,026) | 2.26 | USDC | Hypercore | Hyperliquid |
| 7 | Scott Phillips Trading Vault | 1444.5% (n) | 190.5% (n) | -7.4% (n) | 3.00 | 1,358,196 (1,506,754) | 1.00 | USDC | Hypercore | Hyperliquid |
| 8 | Elsewhere | 1270.6% (n) | 513.7% (n) | 91.2% (n) | 6.30 | 533,711 (1,783,212) | 1.63 | USDC | Hypercore | Hyperliquid |
| 9 | +convexity | 918.5% (n) | 30.7% (n) | 33.7% (n) | 1.40 | 501,397 (519,933) | 0.50 | USDC | Hypercore | Hyperliquid |
| 10 | Equinox · Blackalgo | 604.1% (n) | 337.7% (n) | 337.7% (n) | 2.60 | 1,247,968 (1,251,298) | 0.10 | USDC | Hypercore | Hyperliquid |
| 11 | Tulipa Capital USDT0 | 327.9% (g) | 97.6% (g) | 52.6% (g) | 2.90 | 768,915 (6,482,010) | 0.42 | USDT0 | Plasma | Term Finance |
| 12 | Hyperrr | 313.1% (n) | 3325.5% (n) | 10000.0% (n) | 5.00 | 1,645,335 (2,720,404) | 1.17 | USDC | Hypercore | Hyperliquid |
| 13 | [ Systemic Strategies ] ♾️ HyperGrowth ♾️ | 309.5% (n) | 38.4% (n) | 80.7% (n) | 1.50 | 5,977,809 (7,241,294) | 0.48 | USDC | Hypercore | Hyperliquid |
| 14 | ALAR SailOut Royalty | 204.8% (g) | 204.8% (g) | 204.8% (g) | 3.80 | 1,113,967 (1,113,967) | 0.07 | USDe | Berachain | |
| 15 | Hyperliquidity Provider (HLP) | 100.5% (n) | 32.9% (n) | 43.9% (n) | 5.10 | 388,588,947 (603,904,920) | 2.80 | USDC | Hypercore | Hyperliquid |
| 16 | AILAB TEST URTRA' | 82.4% (n) | 140.9% (n) | 140.9% (n) | 4.20 | 412,966 (441,583) | 0.11 | USDC | Hypercore | Hyperliquid |
| 17 | OnlyShorts | 80.0% (n) | 134.3% (n) | 182.4% (n) | 5.40 | 732,929 (792,280) | 0.36 | USDC | Hypercore | Hyperliquid |
| 18 | Symphony | 68.1% (n) | -37.7% (n) | 86.9% (n) | -2.90 | 357,899 (916,425) | 0.48 | USDC | Hypercore | Hyperliquid |
| 19 | [ Systemic Strategies ] L/S Grids | 63.0% (n) | 9.3% (n) | 54.2% (n) | 0.70 | 3,100,478 (4,713,536) | 1.07 | USDC | Hypercore | Hyperliquid |
| 20 | Yuzu Protection Pool | 47.7% (n) | 39.7% (n) | 25.0% (n) | 35.40 | 3,655,144 (3,655,144) | 0.37 | USDT0 | Plasma | Yuzu Money |
| 21 | JizzJazz | 37.4% (n) | 32.9% (n) | 76.0% (n) | 5.20 | 363,245 (389,724) | 1.86 | USDC | Hypercore | Hyperliquid |
| 22 | Edge & Hedge | 42.3% (n) | -64.1% (n) | -64.1% (n) | -3.00 | 253,700 (317,891) | 0.21 | USDC | Hypercore | Hyperliquid |
| 23 | 69 Jump Street | 30.3% (n) | -16.1% (n) | 59.9% (n) | -1.80 | 565,541 (1,067,444) | 1.09 | USDC | Hypercore | Hyperliquid |
| 24 | Steakhouse High Yield Turbo | 29.3% (n) | 22.3% (n) | 22.3% (n) | 10.60 | 358,345 (1,422,729) | 0.16 | USDC | Arbitrum | Morpho |
| 25 | Llama Lend asdCRV / crvUSD | 26.9% (n) | 15.4% (n) | 13.3% (n) | 27.10 | 692,895 (1,745,829) | 1.63 | crvUSD | Arbitrum | Llama Lend |
| 26 | Altura Vault Tokens | 22.8% (g) | 23.2% (g) | 23.2% (g) | 29.00 | 4,577,202 (4,577,202) | 0.16 | USD₮0 | Hyperliquid | Altura |
| 27 | Trust Wallet Morpho Steakhouse USDC | 22.4% (g) | 9.3% (g) | 5.5% (g) | 2.70 | 253,987 (6,627,220) | 0.97 | USDC | Base | Kiln Metavault |
| 28 | Pocky's High Yield USDS | 20.4% (n) | 33.9% (n) | 43.5% (n) | 22.30 | 563,983 (911,083) | 0.35 | USDS | Ethereum | Morpho |
| 29 | Ostium Liquidity Pool Vault | 20.0% (n) | 45.2% (n) | 10.3% (n) | 2.40 | 45,749,875 (68,090,578) | 1.65 | USDC | Arbitrum | Ostium |
| 30 | DeTrade Core AUSD | 19.8% (n) | 12.7% (n) | 12.7% (n) | 17.90 | 217,760 (553,233) | 0.24 | AUSD | Monad | Lagoon Finance |
| 31 | Peapods Interest Bearing USDC - 73 | 19.8% (g) | 29.3% (g) | 22.0% (g) | 46.10 | 290,930 (788,471) | 0.78 | USDC | Base | Peapods |
| 32 | Angmar Capital | 15.3% (n) | 15.0% (n) | 16.0% (n) | 1.10 | 2,289,619 (2,289,619) | 0.33 | USDC | Arbitrum | Lagoon Finance |
| 33 | Steakhouse High Yield Turbo | 19.4% (n) | 18.0% (n) | 18.0% (n) | 40.20 | 208,612 (232,161) | 0.14 | USDC | Ethereum | Morpho |
| 34 | Trust Wallet Morpho Gauntlet USDC Core | 18.7% (g) | 8.7% (g) | 5.6% (g) | 3.60 | 932,838 (16,014,324) | 0.98 | USDC | Base | Kiln Metavault |
| 35 | Hub Capital USDC vault | 17.9% (n) | 14.7% (n) | 16.7% (n) | 3.00 | 847,879 (970,328) | 0.46 | USDC | Ethereum | Lagoon Finance |
| 36 | Archangel Quant Fund I | 16.6% (n) | 279.4% (n) | 215.9% (n) | 6.70 | 241,264 (247,651) | 0.42 | USDC | Hypercore | Hyperliquid |
| 37 | AQRU Maple Pool USDC1 | 17.0% (g) | 17.0% (g) | 15.3% (g) | 37.40 | 7,449,446 (27,846,873) | 3.05 | USDC | Ethereum | Maple |
| 38 | cSuperior Quality Private Credit USDC | 16.6% (n) | 17.9% (n) | 35.4% (n) | 10.50 | 399,261 (502,156) | 1.30 | USDC | Ethereum | cSigma Finance |
| 39 | Peapods Interest Bearing USDC - 33 | 16.4% (g) | 31.7% (g) | 33.1% (g) | 45.50 | 381,294 (19,500,743) | 0.63 | USDC | Ethereum | Peapods |
| 40 | Staked msUSD | 12.2% (n) | 9.3% (n) | -9.3% (n) | 8.20 | 235,370 (6,545,446) | 0.71 | msUSD | Sonic | Mainstreet Finance |
| 41 | Wrapped HLP | 15.3% (n) | 10.7% (n) | 12.5% (n) | 20.90 | 255,720 (1,623,124) | 0.65 | USD₮0 | Hyperliquid | Hyperlend |
| 42 | Plutus Hedge Token | 14.6% (n) | 10.2% (n) | 19.3% (n) | 3.90 | 254,030 (257,185) | 1.07 | USDC | Arbitrum | Plutus |
| 43 | AUTOfinance plasmaUSD | 14.3% (n) | 8.5% (n) | 9.0% (n) | 6.90 | 1,446,894 (7,666,217) | 0.42 | USDT0 | Plasma | AUTO Finance |
| 44 | USDT0 | 13.7% (n) | 13.5% (n) | 11.6% (n) | 9.90 | 688,682 (54,659,147) | 0.42 | USDT0 | Plasma | Gearbox |
| 45 | Summer.fi USDT | 13.6% (n) | 6.6% (n) | 5.1% (n) | 4.60 | 563,010 (12,330,487) | 1.03 | USDT | Ethereum | Summer.fi |
| 46 | sBold | 12.6% (n) | 7.2% (n) | 7.7% (n) | 10.80 | 9,061,735 (15,930,098) | 0.72 | BOLD | Ethereum | sBOLD |
| 47 | Artificial Financial Intelligence USD | 12.6% (g) | 13.7% (g) | 16.3% (g) | 42.50 | 1,440,150 (1,441,428) | 0.51 | USDC | Ethereum | |
| 48 | Growi HF | 12.5% (n) | 11.4% (n) | 63.9% (n) | 0.90 | 6,181,913 (8,162,994) | 1.63 | USDC | Hypercore | Hyperliquid |
| 49 | Harvest: USDC Vault (0xA020) | 7.3% (n) | 6.4% (n) | 278.2% (n) | 9.20 | 328,068 (2,235,146) | 0.59 | USDC | Base | Harvest Finance |
| 50 | Syntropia Boosted | 12.1% (n) | 13.3% (n) | 15.4% (n) | 7.50 | 501,971 (507,305) | 0.37 | USDC | Ethereum | Lagoon Finance |
Correlation of returns
Daily returns correlation for the highest performing vaults.
Selected vaults for correlation comparison:
| Vault | 3M return ann. (net / gross) | 3M sharpe | Age (years) | Chain | Protocol | Denomination | TVL USD (current / peak) | |
|---|---|---|---|---|---|---|---|---|
| 1 | Not In Employment Education or Training | 10000.0% (n) | 5.60 | 0.27 | Hypercore | Hyperliquid | USDC | 3,453,858 (3,572,841) |
| 2 | Ethereum Moving Average Long/Short | 6583.9% (n) | 4.90 | 0.10 | GRVT | GRVT | USDT | 514,382 (514,382) |
| 3 | ALAR SailOut Royalty | 204.8% (g) | 3.80 | 0.07 | Berachain | USDe | 1,113,967 (1,113,967) | |
| 4 | Tulipa Capital USDT0 | 97.6% (g) | 2.90 | 0.42 | Plasma | Term Finance | USDT0 | 768,915 (6,482,010) |
| 5 | Base-USDC Yield-DynaVault v3 | 67.0% (g) | 4.00 | 0.10 | Base | Singularity Finance | USDC | 418,650 (423,917) |
| 6 | Hyperdrive USD₮0 Liquidator | 56.3% (g) | 3.80 | 0.79 | Hyperliquid | Hyperdrive | USD₮0 | 63,136 (100,822) |
| 7 | Ostium Liquidity Pool Vault | 45.2% (n) | 2.40 | 1.65 | Arbitrum | Ostium | USDC | 45,749,875 (68,090,578) |
| 8 | Yuzu Protection Pool | 39.7% (n) | 35.40 | 0.37 | Plasma | Yuzu Money | USDT0 | 3,655,144 (3,655,144) |
| 9 | Pocky's High Yield USDS | 33.9% (n) | 22.30 | 0.35 | Ethereum | Morpho | USDS | 563,983 (911,083) |
| 10 | Peapods Interest Bearing USDC - 33 | 31.7% (g) | 45.50 | 0.63 | Ethereum | Peapods | USDC | 381,294 (19,500,743) |
| 11 | Spark USDS Compounder | 31.4% (n) | 3.50 | 0.61 | Ethereum | Yearn | USDS | 10,890,055 (43,364,373) |
| 12 | Peapods Interest Bearing USDC - 73 | 29.3% (g) | 46.10 | 0.78 | Base | Peapods | USDC | 290,930 (788,471) |
| 13 | Staked dUSD | 23.0% (g) | 5.50 | 0.23 | Ethereum | Deltr | dUSD | 1,906,967 (1,906,967) |
| 14 | Tulipa Hive USDC | 22.4% (n) | 23.30 | 0.94 | Berachain | Euler | USDC.e | 53,640 (5,472,975) |
| 15 | Liquidity Royalty Tranching: Junior | 22.1% (g) | 1.50 | 0.24 | Berachain | Liquidity Royalty Tranching | USDe | 2,101,337 (2,138,806) |
| 16 | Angmar Capital | 15.0% (n) | 1.10 | 0.33 | Arbitrum | Lagoon Finance | USDC | 2,289,619 (2,289,619) |
| 17 | CPT48 Selection | 17.9% (n) | 24.90 | 0.34 | Base | Morpho | USDC | 53,107 (86,143) |
| 18 | cSuperior Quality Private Credit USDC | 17.9% (n) | 10.50 | 1.30 | Ethereum | cSigma Finance | USDC | 399,261 (502,156) |
The best-performing vaults on each chain
- The top five performing vaults for each included blockchain
- Minimum $100k USD TVL
- View the live benchmark
| Chain | Protocol | Vault | 1M return ann. (net / gross) | 3M return ann. (net / gross) | Lifetime return ann. (net / gross) | TVL USD (current / peak) | Age (years) | Denomination |
|---|---|---|---|---|---|---|---|---|
| Arbitrum | Morpho | Steakhouse High Yield Turbo | 29.3% (n) | 22.3% (n) | 22.3% (n) | 358,345 (1,422,729) | 0.16 | USDC |
| Arbitrum | Llama Lend | Llama Lend asdCRV / crvUSD | 26.9% (n) | 15.4% (n) | 13.3% (n) | 692,895 (1,745,829) | 1.63 | crvUSD |
| Arbitrum | Ostium | Ostium Liquidity Pool Vault | 20.0% (n) | 45.2% (n) | 10.3% (n) | 45,749,875 (68,090,578) | 1.65 | USDC |
| Avalanche | Staked UTY | 11.0% (g) | 10.8% (g) | 9.3% (g) | 3,037,884 (21,943,156) | 0.78 | UTY | |
| Avalanche | 40BH-USDC-VAULT | 9.4% (g) | 10.5% (g) | 21.2% (g) | 2,530,967 (2,603,603) | 0.34 | USDC | |
| Avalanche | Avant | Staked avUSD | 9.2% (n) | 11.2% (n) | 12.0% (n) | 86,949,142 (126,856,869) | 1.24 | avUSD |
| Base | Kiln Metavault | Trust Wallet Morpho Steakhouse USDC | 22.4% (g) | 9.3% (g) | 5.5% (g) | 253,987 (6,627,220) | 0.97 | USDC |
| Berachain | ALAR SailOut Royalty | 204.8% (g) | 204.8% (g) | 204.8% (g) | 1,113,967 (1,113,967) | 0.07 | USDe | |
| Berachain | Dolomite: BYUSD | 3.6% (g) | 4.3% (g) | 5.0% (g) | 140,665 (37,499,198) | 0.53 | BYUSD | |
| Berachain | Dolomite | Dolomite: USDC.e | 2.9% (n) | 2.4% (n) | 3.8% (n) | 4,509,687 (57,964,561) | 1.05 | USDC.e |
| Binance | Fluid | Fluid USD Coin | 7.3% (g) | 6.3% (g) | 6.3% (g) | 5,001,032 (5,001,032) | 0.11 | USDC |
| Binance | Euler | Statera Vault USDT | 6.4% (n) | 3.3% (n) | 3.6% (n) | 284,801 (2,003,564) | 0.44 | USDT |
| Binance | Gains Network | gTrade (kUSDT) | 6.1% (n) | -15.5% (n) | 12.2% (n) | 738,910 (3,076,838) | 2.70 | VUSD |
| Blast | Hyper USDB | 1.4% (g) | 1.4% (g) | 5.5% (g) | 347,221 (4,866,802) | 1.91 | USDB | |
| Blast | Wasabi USDB Vault | 1.3% (g) | --- | 8.6% (g) | 179,558 (53,516,284) | 1.95 | USDB | |
| Ethereum | LP strategy | 21.9% (g) | -21.9% (g) | -21.9% (g) | 134,065 (137,644) | 0.19 | USDC | |
| Ethereum | Morpho | Pocky's High Yield USDS | 20.4% (n) | 33.9% (n) | 43.5% (n) | 563,983 (911,083) | 0.35 | USDS |
| Ethereum | Morpho | Steakhouse High Yield Turbo | 19.4% (n) | 18.0% (n) | 18.0% (n) | 208,612 (232,161) | 0.14 | USDC |
| GRVT | GRVT | Ethereum Moving Average Long/Short | 10000.0% (n) | 6583.9% (n) | 6583.9% (n) | 514,382 (514,382) | 0.10 | USDT |
| GRVT | GRVT | Silentist BALANCE - 50% Reversion / 50% Trend | 71.4% (n) | 5.1% (n) | 8.1% (n) | 135,368 (135,368) | 0.61 | USDT |
| GRVT | GRVT | KangCFA | 10.9% (n) | 9.6% (n) | 9.6% (n) | 1,110,744 (1,110,744) | 0.11 | USDT |
| Gnosis | Savings xDAI | 5.0% (g) | 5.0% (g) | 8.9% (g) | 84,486,946 (118,558,027) | 2.41 | WXDAI | |
| Gnosis | SavingsVault ZCHF | 3.7% (g) | 3.6% (g) | 3.0% (g) | 637,486 (637,486) | 0.44 | ZCHF | |
| Gnosis | Wrapped Aave Gnosis GHO | 3.0% (g) | 3.4% (g) | 3.1% (g) | 324,556 (528,857) | 0.55 | GHO | |
| Hypercore | Hyperliquid | $REKTOBER | 10000.0% (n) | 10000.0% (n) | 10000.0% (n) | 367,951 (405,235) | 0.04 | USDC |
| Hypercore | Hyperliquid | Long HYPE & BTC | Short Garbage | 10000.0% (n) | 415.4% (n) | 122.0% (n) | 1,507,950 (5,218,102) | 0.88 | USDC |
| Hyperliquid | Altura | Altura Vault Tokens | 22.8% (g) | 23.2% (g) | 23.2% (g) | 4,577,202 (4,577,202) | 0.16 | USD₮0 |
| Hyperliquid | Hyperlend | Wrapped HLP | 15.3% (n) | 10.7% (n) | 12.5% (n) | 255,720 (1,623,124) | 0.65 | USD₮0 |
| Hyperliquid | HypurrFi | hyUSDXL (Looped HYPE) - 1 | 11.6% (g) | 15.6% (g) | 12.4% (g) | 153,036 (3,118,200) | 0.88 | USDXL |
| Katana | Yearn | AUSD yVault | 10.7% (n) | 5.2% (n) | 3.1% (n) | 3,153,871 (12,770,969) | 0.69 | AUSD |
| Katana | Yearn | Morpho Steakhouse High Yield USDC Compounder | 4.8% (n) | 4.0% (n) | 3.7% (n) | 2,837,447 (5,143,219) | 0.33 | vbUSDC |
| Katana | Morpho | Steakhouse High Yield USDC | 4.5% (n) | 3.9% (n) | 3.1% (n) | 3,171,630 (5,459,876) | 0.66 | vbUSDC |
| Linea | AUTO Finance | AUTOfinance lineaUSD | 2.9% (n) | 3.1% (n) | 17.6% (n) | 102,066 (1,379,017) | 0.34 | USDC |
| Linea | Wrapped Aave Linea USDC | 2.8% (g) | 3.0% (g) | 3.3% (g) | 102,001 (812,050) | 0.31 | USDC | |
| Linea | Euler | Re7 Labs USD Cluster USDC | 2.5% (n) | 2.9% (n) | 4.1% (n) | 115,877 (98,947,004) | 0.50 | USDC |
| Mode | Goat Protocol | USDC Ironclad Vault | 0.0% (n) | 0.0% (n) | 0.0% (n) | 337,647 (599,423) | 1.35 | USDC |
| Mode | Goat Protocol | USDT Ironclad Vault | 0.0% (n) | 0.0% (n) | 0.0% (n) | 111,021 (148,026) | 1.34 | USDT |
| Monad | Lagoon Finance | DeTrade AUSD-MON Uni v4 Delta-Neutral | 16.6% (n) | 18.6% (n) | 18.6% (n) | 160,197 (333,868) | 0.15 | AUSD |
| Monad | Lagoon Finance | DeTrade Core AUSD | 19.8% (n) | 12.7% (n) | 12.7% (n) | 217,760 (553,233) | 0.24 | AUSD |
| Monad | Curvance | Curvance AUSD | 10.1% (g) | 12.0% (g) | 11.8% (g) | 13,797,750 (22,389,258) | 0.25 | AUSD |
| Optimism | 40op-USDC-Vault | 9.7% (g) | 9.2% (g) | 17.0% (g) | 1,050,141 (1,863,434) | 0.98 | USDC | |
| Optimism | Spark USDC Vault | 4.0% (g) | 4.1% (g) | 4.4% (g) | 27,441,560 (100,940,971) | 0.73 | USDC | |
| Optimism | ERC4626-Wrapped Aave v3 USDC | 2.4% (g) | 2.6% (g) | 5.0% (g) | 1,067,537 (4,967,209) | 1.85 | USDC | |
| Plasma | Term Finance | Tulipa Capital USDT0 | 327.9% (g) | 97.6% (g) | 52.6% (g) | 768,915 (6,482,010) | 0.42 | USDT0 |
| Plasma | Yuzu Money | Yuzu Protection Pool | 47.7% (n) | 39.7% (n) | 25.0% (n) | 3,655,144 (3,655,144) | 0.37 | USDT0 |
| Plasma | AUTO Finance | AUTOfinance plasmaUSD | 14.3% (n) | 8.5% (n) | 9.0% (n) | 1,446,894 (7,666,217) | 0.42 | USDT0 |
| Polygon | Morpho | Steakhouse High Yield USDT0 | 5.7% (n) | 7.8% (n) | 7.2% (n) | 240,114 (264,218) | 0.45 | USDT0 |
| Polygon | Gains Network | gTrade (Gains Network USDC) | 4.7% (n) | 4.2% (n) | 11.4% (n) | 473,652 (1,040,402) | 2.08 | USDC |
| Polygon | Morpho | Steakhouse High Yield USDC | 3.6% (n) | 6.0% (n) | 7.6% (n) | 864,231 (1,308,976) | 0.30 | USDC |
| Soneium | Morpho | Re7 USDC | 0.0% (n) | 0.0% (n) | 0.0% (n) | 205,768 (217,407) | 0.54 | USDC.e |
| Sonic | Mainstreet Finance | Staked msUSD | 12.2% (n) | 9.3% (n) | -9.3% (n) | 235,370 (6,545,446) | 0.71 | msUSD |
| Sonic | Silo Finance | Borrowable USDC Deposit, SiloId: 27 | 11.5% (n) | 11.6% (n) | 11.4% (n) | 176,195 (3,283,524) | 1.05 | USDC |
| Sonic | Silo Finance | Borrowable USDC Deposit, SiloId: 20 | 5.9% (n) | 6.0% (n) | 5.1% (n) | 2,480,085 (91,076,524) | 1.07 | USDC |
The best-performing large vaults
Here are the vaults of interest to traders with a larger size.
- Vaults with a minimum of $2M USD in TVL
- View the live benchmark
The top large TVL vaults are:
| Vault | 1M return ann. (net / gross) | 3M return ann. (net / gross) | Lifetime return ann. (net / gross) | 3M sharpe | TVL USD (current / peak) | Age (years) | Denomination | Chain | Protocol | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Not In Employment Education or Training | 10000.0% (n) | 10000.0% (n) | 10000.0% (n) | 5.60 | 3,453,858 (3,572,841) | 0.27 | USDC | Hypercore | Hyperliquid |
| 2 | Bitcoin Moving Average Long/Short | 3241.0% (n) | 132.8% (n) | 37.5% (n) | 2.30 | 3,680,534 (3,896,312) | 0.38 | USDC | Hypercore | Hyperliquid |
| 3 | [ Systemic Strategies ] ♾️ HyperGrowth ♾️ | 309.5% (n) | 38.4% (n) | 80.7% (n) | 1.50 | 5,977,809 (7,241,294) | 0.48 | USDC | Hypercore | Hyperliquid |
| 4 | Hyperliquidity Provider (HLP) | 100.5% (n) | 32.9% (n) | 43.9% (n) | 5.10 | 388,588,947 (603,904,920) | 2.80 | USDC | Hypercore | Hyperliquid |
| 5 | [ Systemic Strategies ] L/S Grids | 63.0% (n) | 9.3% (n) | 54.2% (n) | 0.70 | 3,100,478 (4,713,536) | 1.07 | USDC | Hypercore | Hyperliquid |
| 6 | Yuzu Protection Pool | 47.7% (n) | 39.7% (n) | 25.0% (n) | 35.40 | 3,655,144 (3,655,144) | 0.37 | USDT0 | Plasma | Yuzu Money |
| 7 | Altura Vault Tokens | 22.8% (g) | 23.2% (g) | 23.2% (g) | 29.00 | 4,577,202 (4,577,202) | 0.16 | USD₮0 | Hyperliquid | Altura |
| 8 | Ostium Liquidity Pool Vault | 20.0% (n) | 45.2% (n) | 10.3% (n) | 2.40 | 45,749,875 (68,090,578) | 1.65 | USDC | Arbitrum | Ostium |
| 9 | Angmar Capital | 15.3% (n) | 15.0% (n) | 16.0% (n) | 1.10 | 2,289,619 (2,289,619) | 0.33 | USDC | Arbitrum | Lagoon Finance |
| 10 | AQRU Maple Pool USDC1 | 17.0% (g) | 17.0% (g) | 15.3% (g) | 37.40 | 7,449,446 (27,846,873) | 3.05 | USDC | Ethereum | Maple |
| 11 | sBold | 12.6% (n) | 7.2% (n) | 7.7% (n) | 10.80 | 9,061,735 (15,930,098) | 0.72 | BOLD | Ethereum | sBOLD |
| 12 | Growi HF | 12.5% (n) | 11.4% (n) | 63.9% (n) | 0.90 | 6,181,913 (8,162,994) | 1.63 | USDC | Hypercore | Hyperliquid |
| 13 | YieldNest USDC Flex Strategy - ynRWAx - SPV1 | 11.5% (g) | 11.3% (g) | 9.7% (g) | 24.50 | 3,578,883 (3,578,883) | 0.42 | USDC | Ethereum | |
| 14 | Staked UTY | 11.0% (g) | 10.8% (g) | 9.3% (g) | 8.00 | 3,037,884 (21,943,156) | 0.78 | UTY | Avalanche | |
| 15 | Avantis USDC Vault | 11.0% (g) | 10.8% (g) | 14.8% (g) | 43.10 | 90,051,547 (112,521,679) | 2.08 | USDC | Base | |
| 16 | Credit Coop Lending Vault | 10.9% (g) | 10.1% (g) | 10.6% (g) | 23.90 | 6,363,815 (6,363,815) | 0.70 | USDC | Ethereum | |
| 17 | Staked msUSD | 8.6% (n) | 9.9% (n) | 9.9% (n) | 22.90 | 18,582,053 (18,582,053) | 0.22 | msUSD | Ethereum | Mainstreet Finance |
| 18 | AUSD yVault | 10.7% (n) | 5.2% (n) | 3.1% (n) | 7.70 | 3,153,871 (12,770,969) | 0.69 | AUSD | Katana | Yearn |
| 19 | Staked NUSD | 10.4% (g) | 12.0% (g) | 9.4% (g) | 15.10 | 181,485,830 (181,485,830) | 0.38 | NUSD | Ethereum | |
| 20 | Strata Junior NUSD | 10.4% (g) | 10.4% (g) | 10.4% (g) | 89.20 | 4,257,306 (4,257,306) | 0.03 | NUSD | Ethereum | |
| 21 | Staked USDS | 10.1% (n) | 11.8% (n) | 9.9% (n) | 30.60 | 183,541,223 (222,816,487) | 0.39 | USDS | Ethereum | Sky |
| 22 | Curvance AUSD | 10.1% (g) | 12.0% (g) | 11.8% (g) | 65.30 | 13,797,750 (22,389,258) | 0.25 | AUSD | Monad | Curvance |
| 23 | Concrete Decentralized Finance USDT | 9.7% (g) | 7.8% (g) | 7.8% (g) | 6.70 | 38,184,887 (38,321,981) | 0.23 | USDT | Ethereum | |
| 24 | Hyperithm Delta Neutral Vault | 9.7% (g) | 7.9% (g) | 7.9% (g) | 28.90 | 29,529,392 (29,529,392) | 0.12 | USDC | Monad | Accountable |
| 25 | 40BH-USDC-VAULT | 9.4% (g) | 10.5% (g) | 21.2% (g) | 46.10 | 2,530,967 (2,603,603) | 0.34 | USDC | Avalanche | |
| 26 | Staked avUSD | 9.2% (n) | 11.2% (n) | 12.0% (n) | 62.70 | 86,949,142 (126,856,869) | 1.24 | avUSD | Avalanche | Avant |
| 27 | gTrade (Gains Network USDC) | 8.9% (n) | 7.6% (n) | 12.5% (n) | 23.00 | 12,511,052 (25,269,734) | 2.09 | USDC | Arbitrum | Gains Network |
| 28 | Yuzu Money Vault | 8.5% (g) | 9.1% (g) | 9.1% (g) | 21.80 | 14,577,710 (20,024,273) | 0.18 | USDC | Monad | Accountable |
| 29 | Upshift AZT | 8.1% (g) | 13.6% (g) | 8.8% (g) | 4.10 | 8,063,539 (8,081,937) | 0.67 | USDC | Ethereum | Upshift |
| 30 | Curvance AUSD | 8.1% (g) | 8.1% (g) | 8.1% (g) | 36.90 | 4,038,415 (4,785,037) | 0.11 | AUSD | Monad | Curvance |
| 31 | Ember Third Eye | 8.1% (n) | 7.8% (n) | 7.8% (n) | 12.20 | 2,669,712 (2,669,712) | 0.09 | USDC | Ethereum | Ember |
| 32 | Trust Wallet Morpho Steakhouse USDT | 7.8% (g) | 4.2% (g) | 3.5% (g) | 5.10 | 15,372,337 (36,471,510) | 0.85 | USDT | Ethereum | Kiln Metavault |
| 33 | 9Summits USDC | 7.8% (n) | 8.3% (n) | 8.0% (n) | 30.80 | 5,478,813 (27,355,592) | 0.34 | USDC | Avalanche | Euler |
| 34 | Savings crvUSD | 7.8% (n) | 3.7% (n) | 6.8% (n) | 19.60 | 42,162,116 (60,668,344) | 1.30 | crvUSD | Ethereum | Yearn |
| 35 | Fraxlend Interest Bearing frxUSD (Staked Frax Ether) - 58 | 7.7% (g) | 6.3% (g) | 4.7% (g) | 18.70 | 5,304,483 (6,417,506) | 0.93 | frxUSD | Ethereum | |
| 36 | Concrete FraxUSD + | 7.7% (g) | 7.2% (g) | 7.2% (g) | 6.10 | 3,935,978 (3,977,159) | 0.09 | frxUSD | Ethereum | |
| 37 | 9Summits USDC | 7.6% (n) | 8.3% (n) | 8.0% (n) | 34.70 | 7,122,102 (27,742,037) | 0.34 | USDC | Avalanche | Euler |
| 38 | Upshift Gamma USDC Vault | 7.6% (g) | 7.5% (g) | 9.2% (g) | 8.70 | 11,629,191 (12,319,873) | 0.52 | USDC | Ethereum | Upshift |
| 39 | Strata Junior USDe | 7.5% (g) | 10.1% (g) | 9.3% (g) | 45.60 | 39,183,790 (54,176,005) | 0.38 | USDe | Ethereum | |
| 40 | RWA Backed Lending by Valos | 7.5% (g) | 7.5% (g) | 7.5% (g) | 29.00 | 100,201,860 (100,201,860) | 0.03 | AUSD | Monad | Accountable |
| 41 | Felix USDH (Frontier) | 7.4% (n) | 5.0% (n) | 5.0% (n) | 23.60 | 18,666,763 (24,539,902) | 0.21 | USDH | Hyperliquid | Morpho |
| 42 | Fluid USD Coin | 7.3% (g) | 6.3% (g) | 6.3% (g) | 5.70 | 5,001,032 (5,001,032) | 0.11 | USDC | Binance | Fluid |
| 43 | Llama Lend CRV / crvUSD | 7.3% (n) | 8.2% (n) | 11.4% (n) | 27.40 | 4,068,774 (66,426,822) | 1.95 | crvUSD | Ethereum | Llama Lend |
| 44 | Borrowable USDC Deposit, SiloId: 142 | 7.2% (n) | 9.4% (n) | 10.0% (n) | 11.10 | 5,037,490 (28,995,325) | 0.48 | USDC | Avalanche | Silo Finance |
| 45 | Strata Senior NUSD | 7.1% (g) | 7.1% (g) | 7.1% (g) | 105.80 | 3,966,237 (3,966,237) | 0.03 | NUSD | Ethereum | |
| 46 | Spark USDS Compounder | 7.1% (n) | 31.4% (n) | 17.6% (n) | 3.50 | 10,890,055 (43,364,373) | 0.61 | USDS | Ethereum | Yearn |
| 47 | sUSN Delta Neutral Yield Vault | 7.0% (g) | 8.3% (g) | 8.3% (g) | 26.10 | 4,342,958 (5,778,270) | 0.23 | USDC | Monad | Accountable |
| 48 | Vault | 6.9% (g) | 7.9% (g) | 18.6% (g) | 81.60 | 11,630,374 (12,201,564) | 1.07 | USDC | Base | |
| 49 | Arkis USDC | 6.9% (g) | 4.8% (g) | 4.8% (g) | 19.40 | 2,321,549 (5,766,448) | 0.27 | USDC | Ethereum | |
| 50 | Leveraged syrupUSDT | 6.2% (n) | 5.8% (n) | 5.8% (n) | 23.40 | 3,706,545 (5,911,478) | 0.18 | USDT | Ethereum | IPOR Fusion |
Partners
We want to thank our partners @arbitrumdao_gov, @envio_indexer, @dRPCorg, @ipor_io, @goldskyio, @icecream_swap, @grvt_io, @OrderlyNetwork and @lagoon_finance, Webacy (@webacy) and Quants Spaces for getting this report together.
Next steps
Visit our vaults page for real-time dashboards. If you have any questions, contact us on Discord, email or Twitter.