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 November 2025, we have updated the report as follows:
- Updated ~40 vault protocols (see below)
- Browser TVL and average yields across protocols, chains and stablecoins
- Blacklisting and filtering mechanisms now cover > 100 vaults with issues to keep the data clean
These benchmarks include:
- Total 21 EVM blockchains
- The report data is dated 2026-01-28
- The report covers 9,245 stablecoin-denominated vaults out of 26,382 total vaults
- Supported denomination stablecoins include USDC (Circle), EURC (Circle), USDT (Tether), USDS (Sky), Metamask USD (mUSD) and other popular stablecoins.
New protocols and vaults added
Since last month, we have expanded or updated the technical support to index the following protocols. A total of ~40 new vault protocols are now supported.
- Frax Finance - @fraxfinance
- Yo - @yield
- aarnâ - @aarnasays
- Avant - @avantprotocol
- Renalta - (no Twitter)
- infiniFi - @infinifi_
- Sentiment - @sentimentxyz
- Hyperlend - @hyperlendx
- USDX Money - @StablesLabs
- Fluid - @0xfluid
- HypurrFi - @hypurrfi
- Dolomite - @dolomite_io
- YieldNest - @YieldNestFi
- Accountable Capital - @AccountableData
- Brink - @BrinkDotMoney
- Singularity Finance - @singularity_fi
- Curvance - @Curvance
- Resolv - @ResolvLabs
- YieldFi - @getyieldfi
- Mainstreet Finance - @Main_St_Finance
- Gearbox - @GearboxProtocol
- Spectra - @spectra_finance
- Altura - @alturax
- Yuzu Money - @YuzuMoneyX
- ETH Strategy - @eth_strategy
- ZeroLend - @zerolendxyz
- Royco - @roycoprotocol
- CAP - @capmoney_
- Foxify - @foxifytrade
- Liquidity Royalty Tranching - (no Twitter)
- cSigma Finance - @csigmafinance
- Spark - @sparkdotfi
- Teller - @useteller
- Deltr - (no Twitter)
- Upshift - @upshift_fi
- Sky - @SkyEcosystem
- Maple Finance - @maplefinance
- Centrifuge - @centrifuge
- Ethena - @ethena_labs
- Decentralized USD - @usddio
- Term Finance - @term_labs
- EulerEarn - @eulerfinance
DeFi vault community news, January 2026
Highlights of what happened in the DeFi vault industry in the last month.
Average vault yield per blockchain
The breakdown of vaults by their blockchain is now available. By monthly average TVL-weighted yield, Arbitrum and Avalanche dominate other chains. The average vault yield on Berachain is actually negative, a phenomenon we have not seen before.
YieldNest RWA MAX vault leads the adoption of real-world asset vaults
YieldNest RWA MAX (@YieldNestFi) is a real-world asset vault, in collaboration with Kimber Capital, for mortgage-backed loans on verified house-and-land developments.
Currently having 11% annualised returns. The vault has a yearly lock-up matching the underlying instrument, but for enters and exits, $500k in liquidity is available at the Curve DEX.
Bitwise Investments begins to offer DeFi vaults
Bitwise Asset Management, also known as Bitwise Investments, is a cryptocurrency-focused investment firm specialising in professionally managed funds and exposure to digital assets. Founded with a dedicated track record in crypto since 2017, the company offers over 40 products across various formats, including exchange-traded funds (ETFs) like the Bitwise 10 Crypto Index ETF (BITW), separately managed accounts (SMAs), private funds, and staking services.
Bitwise has recently expanded into onchain solutions by launching non-custodial vault curation on Morpho, a DeFi lending platform.
As of the writing of this, any Bitwise vaults are not yet live.
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
- The best vaults by their one-month return
- Filtered for $50k USD minimum TVL
Due to the high volatility of some vaults, we also chart the rolling return of non-volatile vaults only.
| 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 | Ostium Liquidity Pool Vault | 76.5% (n) | 30.2% (n) | 9.9% (n) | 2.90 | 48,098,724 (68,090,578) | 1.57 | USDC | Arbitrum | Ostium |
| 2 | Base-USDC Yield-DynaVault v3 | 562.2% (g) | 562.2% (g) | 562.2% (g) | 8.10 | 368,832 (368,832) | 0.02 | USDC | Base | Singularity Finance |
| 3 | Staked dUSD | 49.0% (g) | 30.6% (g) | 30.6% (g) | 6.30 | 1,128,964 (1,128,964) | 0.15 | dUSD | Ethereum | Deltr |
| 4 | Sentiment USDe-1 | 48.9% (n) | 16.6% (n) | 7.4% (n) | 8.90 | 57,901 (882,640) | 0.71 | USDe | Hyperliquid | Sentiment |
| 5 | Yuzu Protection Pool | 44.5% (n) | 23.6% (n) | 19.7% (n) | 8.40 | 2,619,670 (2,619,670) | 0.29 | USDT0 | Plasma | Yuzu Money |
| 6 | USDC-TIBBIR shares | 39.1% (g) | 25.0% (g) | 25.0% (g) | 5.50 | 111,615 (141,591) | 0.24 | USDC | Base | Teller |
| 7 | Peapods Interest Bearing USDC - 33 | 35.1% (g) | 41.3% (g) | 35.5% (g) | 68.40 | 5,033,678 (19,500,743) | 0.57 | USDC | Ethereum | Peapods |
| 8 | Pocky's High Yield USDC | 34.4% (n) | 31.9% (n) | 31.9% (n) | 27.30 | 209,405 (219,117) | 0.27 | USDC | Base | Morpho |
| 9 | Peapods Interest Bearing USDC - 73 | 31.7% (g) | 25.9% (g) | 22.3% (g) | 34.70 | 361,779 (788,471) | 0.70 | USDC | Base | Peapods |
| 10 | Pocky's High Yield USDS | 26.4% (n) | 50.4% (n) | 50.7% (n) | 27.00 | 770,125 (911,083) | 0.27 | USDS | Ethereum | Morpho |
| 11 | dgnHYPE | 26.1% (n) | -1.1% (n) | 12.9% (n) | -0.00 | 1,999,500 (1,999,500) | 1.16 | USDC | Arbitrum | D2 Finance |
| 12 | Altura Vault Tokens | 23.8% (g) | 23.7% (g) | 23.7% (g) | 24.90 | 2,311,192 (2,311,192) | 0.09 | USD₮0 | Hyperliquid | Altura |
| 13 | SIRE Vault Units | 22.0% (g) | 1.2% (g) | -3.8% (g) | 0.20 | 952,495 (1,000,067) | 0.28 | USDC | Base | |
| 14 | USDC-SPX shares | 21.6% (g) | 26.0% (g) | 17.8% (g) | 5.60 | 91,325 (342,044) | 0.35 | USDC | Ethereum | Teller |
| 15 | Angmar Capital | 16.8% (n) | 16.1% (n) | 16.4% (n) | 1.30 | 1,573,409 (1,573,409) | 0.25 | USDC | Arbitrum | Lagoon Finance |
| 16 | hyUSDXL (Looped HYPE) - 1 | 18.5% (g) | 15.3% (g) | 12.5% (g) | 22.80 | 153,374 (3,118,200) | 0.80 | USDXL | Hyperliquid | HypurrFi |
| 17 | exactly USDC.e | 10.6% (g) | --- | 7.2% (g) | 0.00 | 65,285 (84,378,106) | 2.90 | USDC | Optimism | |
| 18 | Peapods Metavault for USD Coin | 17.4% (g) | -46.0% (g) | -8.6% (g) | -1.60 | 786,637 (3,548,133) | 0.73 | USDC | Ethereum | Peapods |
| 19 | AQRU Maple Pool USDC1 | 17.2% (g) | 17.1% (g) | 15.2% (g) | 35.70 | 7,542,976 (27,846,873) | 2.98 | USDC | Ethereum | Maple |
| 20 | cSuperior Quality Private Credit | 17.2% (n) | 18.3% (n) | 31.5% (n) | 30.20 | 54,456 (55,349) | 1.24 | USDT | Ethereum | cSigma Finance |
| 21 | USDT0 | 17.7% (n) | 13.0% (n) | 11.0% (n) | 8.50 | 904,050 (54,659,147) | 0.34 | USDT0 | Plasma | Gearbox |
| 22 | ETH Strategy Perpetual Note | 16.9% (n) | 16.7% (n) | 16.7% (n) | 8.00 | 3,811,842 (4,276,143) | 0.40 | USDS | Ethereum | ETH Strategy |
| 23 | Borrowable USDC Deposit, SiloId: 125 | 13.7% (n) | 16.3% (n) | 15.7% (n) | 18.00 | 113,852 (46,986,845) | 0.55 | USDC | Avalanche | Silo Finance |
| 24 | Gami D1 | 16.3% (n) | 8.0% (n) | 8.0% (n) | 4.30 | 1,578,061 (1,578,061) | 0.19 | USDC | Ethereum | Lagoon Finance |
| 25 | Upshift AZT | 16.2% (g) | 14.5% (g) | 8.8% (g) | 5.00 | 7,063,769 (7,063,769) | 0.59 | USDC | Ethereum | Upshift |
| 26 | Gravity Team LTD | 16.1% (g) | 16.3% (g) | 17.2% (g) | 35.80 | 99,955 (106,981) | 0.97 | USDC | Arbitrum | TrueFi |
| 27 | DeltaUSD HyperLiquid USDN Funding Arb | 15.3% (n) | 13.3% (n) | 22.7% (n) | 12.30 | 504,988 (581,792) | 0.45 | USDT | Ethereum | Lagoon Finance |
| 28 | Staked UTY | 15.1% (g) | 10.5% (g) | 9.4% (g) | 7.90 | 3,067,814 (21,943,156) | 0.70 | UTY | Avalanche | |
| 29 | Syntropia Boosted | 15.0% (n) | 14.4% (n) | 16.0% (n) | 9.80 | 507,214 (507,214) | 0.29 | USDC | Ethereum | Lagoon Finance |
| 30 | Steakhouse High Yield Turbo | 16.2% (n) | 16.2% (n) | 16.2% (n) | 8.60 | 1,198,271 (1,300,054) | 0.08 | USDC | Arbitrum | Morpho |
| 31 | USDC | 14.9% (n) | 10.4% (n) | 9.1% (n) | 23.30 | 201,463 (8,751,752) | 0.47 | USDC | Ethereum | Gearbox |
| 32 | USDN Wrapper | 14.7% (n) | 11.9% (n) | 13.1% (n) | 14.20 | 247,146 (830,113) | 0.82 | USDN | Ethereum | Spectra |
| 33 | Hackarrot USDC prime | 13.8% (n) | 14.0% (n) | 14.0% (n) | 33.20 | 61,062 (61,062) | 0.16 | USDC | Ethereum | Morpho |
| 34 | Alpine USDC Flagship | 13.7% (g) | 12.0% (g) | 8.8% (g) | 4.80 | 464,867 (1,629,541) | 0.48 | USDC | Ethereum | Upshift |
| 35 | CPT48 Selection | 14.2% (n) | 33.8% (n) | 33.5% (n) | 23.40 | 53,391 (86,143) | 0.26 | USDC | Base | Morpho |
| 36 | Borrowable USDC Deposit, SiloId: 27 | 14.1% (n) | 13.4% (n) | 11.5% (n) | 14.80 | 165,614 (3,283,524) | 0.98 | USDC | Sonic | Silo Finance |
| 37 | Artificial Financial Intelligence USD | 13.2% (g) | 14.8% (g) | 16.9% (g) | 39.40 | 1,384,872 (1,384,872) | 0.44 | USDC | Ethereum | |
| 38 | Staked avUSD | 13.1% (n) | 14.0% (n) | 12.2% (n) | 58.70 | 95,681,879 (126,856,869) | 1.16 | avUSD | Avalanche | Avant |
| 39 | Syntropia USDC Core | 13.0% (n) | 10.8% (n) | 11.7% (n) | 9.10 | 1,816,626 (1,816,626) | 0.30 | USDC | Ethereum | Lagoon Finance |
| 40 | Steakhouse High Yield Turbo | 17.0% (n) | 17.0% (n) | 17.0% (n) | 34.30 | 116,099 (116,099) | 0.07 | USDC | Ethereum | Morpho |
| 41 | Gami USDC | 10.1% (n) | 10.4% (n) | 10.4% (n) | 16.20 | 1,568,721 (1,660,048) | 0.22 | USDC | Ethereum | Lagoon Finance |
| 42 | Curvance AUSD | 13.1% (g) | 8.2% (g) | 8.2% (g) | 29.50 | 86,114 (1,077,813) | 0.17 | AUSD | Monad | Curvance |
| 43 | Resolv USR Yield Maxi | 12.6% (g) | 11.9% (g) | 9.0% (g) | 6.90 | 7,361,484 (30,713,544) | 0.47 | USDC | Ethereum | Upshift |
| 44 | USDC Fluid Lender | 12.9% (g) | 8.0% (g) | 14.7% (g) | 14.60 | 32,873,387 (33,530,275) | 0.44 | USDC | Ethereum | Fluid |
| 45 | cSuperior Quality Private Credit USDC | 12.8% (n) | 20.6% (n) | 36.7% (n) | 13.10 | 394,630 (502,156) | 1.23 | USDC | Ethereum | cSigma Finance |
| 46 | Teller USDC | 12.7% (n) | 6.3% (n) | 6.2% (n) | 8.30 | 366,531 (606,593) | 0.44 | USDC | Base | Yearn |
| 47 | Mo USD Max | 12.0% (n) | 27.1% (n) | 27.3% (n) | 23.40 | 125,059 (125,059) | 0.29 | USDC | Base | Morpho |
| 48 | Borrowable USDC Deposit, SiloId: 142 | 12.4% (n) | 10.8% (n) | 10.7% (n) | 12.30 | 13,288,505 (28,995,325) | 0.41 | USDC | Avalanche | Silo Finance |
| 49 | ArcadiaV2 USD Coin Debt | 12.3% (g) | 11.9% (g) | 13.3% (g) | 43.80 | 1,782,097 (6,511,348) | 1.85 | USDC | Base | Arcadia Finance |
| 50 | Savings Usdd | 11.9% (n) | 11.8% (n) | 11.7% (n) | 27.80 | 71,555 (71,555) | 0.36 | USDD | Ethereum | Decentralized USD |
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 | Base-USDC Yield-DynaVault v3 | 562.2% (g) | 8.10 | 0.02 | Base | Singularity Finance | USDC | 368,832 (368,832) |
| 2 | Harvest: USDC Vault (0xa4Ea) | 152.9% (n) | 10.40 | 0.68 | Base | Harvest Finance | USDC | 1,418,461 (1,550,259) |
| 3 | Aave V3 USDT Lender | 55.9% (g) | 5.40 | 0.20 | Ethereum | USDT | 222,306 (7,416,563) | |
| 4 | Pocky's High Yield USDS | 50.4% (n) | 27.00 | 0.27 | Ethereum | Morpho | USDS | 770,125 (911,083) |
| 5 | Peapods Interest Bearing USDC - 33 | 41.3% (g) | 68.40 | 0.57 | Ethereum | Peapods | USDC | 5,033,678 (19,500,743) |
| 6 | Spark USDS Compounder | 35.6% (n) | 3.40 | 0.52 | Ethereum | Yearn | USDS | 428,987 (43,364,373) |
| 7 | CPT48 Selection | 33.8% (n) | 23.40 | 0.26 | Base | Morpho | USDC | 53,391 (86,143) |
| 8 | Liquidity Royalty Tranching: Junior | 33.8% (g) | 1.80 | 0.17 | Berachain | Liquidity Royalty Tranching | USDe | 2,101,337 (2,138,806) |
| 9 | Hyperdrive USD₮0 Liquidator | 33.2% (g) | 3.30 | 0.71 | Hyperliquid | USD₮0 | 76,865 (100,822) | |
| 10 | Ostium Liquidity Pool Vault | 30.2% (n) | 2.90 | 1.57 | Arbitrum | Ostium | USDC | 48,098,724 (68,090,578) |
| 11 | USDC-SPX shares | 26.0% (g) | 5.60 | 0.35 | Ethereum | Teller | USDC | 91,325 (342,044) |
| 12 | Peapods Interest Bearing USDC - 73 | 25.9% (g) | 34.70 | 0.70 | Base | Peapods | USDC | 361,779 (788,471) |
| 13 | USDC-TIBBIR shares | 25.0% (g) | 5.50 | 0.24 | Base | Teller | USDC | 111,615 (141,591) |
| 14 | Tulipa Capital USDT0 | 24.1% (g) | 2.90 | 0.34 | Plasma | Term Finance | USDT0 | 1,561,001 (6,482,010) |
| 15 | Yuzu Protection Pool | 23.6% (n) | 8.40 | 0.29 | Plasma | Yuzu Money | USDT0 | 2,619,670 (2,619,670) |
| 16 | USDC Fluid Lender | 23.1% (g) | 4.80 | 0.42 | Base | Fluid | USDC | 3,251,407 (3,251,407) |
| 17 | cSuperior Quality Private Credit USDC | 20.6% (n) | 13.10 | 1.23 | Ethereum | cSigma Finance | USDC | 394,630 (502,156) |
| 18 | Angmar Capital | 16.1% (n) | 1.30 | 0.25 | Arbitrum | Lagoon Finance | USDC | 1,573,409 (1,573,409) |
| 19 | Teller USDS | 18.7% (n) | 11.70 | 0.26 | Ethereum | Yearn | USDS | 386,030 (1,276,322) |
| 20 | cSuperior Quality Private Credit | 18.3% (n) | 30.20 | 1.24 | Ethereum | cSigma Finance | USDT | 54,456 (55,349) |
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 | Ostium | Ostium Liquidity Pool Vault | 76.5% (n) | 30.2% (n) | 9.9% (n) | 48,098,724 (68,090,578) | 1.57 | USDC |
| Arbitrum | D2 Finance | dgnHYPE | 26.1% (n) | -1.1% (n) | 12.9% (n) | 1,999,500 (1,999,500) | 1.16 | USDC |
| Arbitrum | Lagoon Finance | Angmar Capital | 16.8% (n) | 16.1% (n) | 16.4% (n) | 1,573,409 (1,573,409) | 0.25 | USDC |
| Avalanche | Staked UTY | 15.1% (g) | 10.5% (g) | 9.4% (g) | 3,067,814 (21,943,156) | 0.70 | UTY | |
| Avalanche | Silo Finance | Borrowable USDC Deposit, SiloId: 125 | 13.7% (n) | 16.3% (n) | 15.7% (n) | 113,852 (46,986,845) | 0.55 | USDC |
| Avalanche | Avant | Staked avUSD | 13.1% (n) | 14.0% (n) | 12.2% (n) | 95,681,879 (126,856,869) | 1.16 | avUSD |
| Base | Singularity Finance | Base-USDC Yield-DynaVault v3 | 562.2% (g) | 562.2% (g) | 562.2% (g) | 368,832 (368,832) | 0.02 | USDC |
| Base | Teller | USDC-TIBBIR shares | 39.1% (g) | 25.0% (g) | 25.0% (g) | 111,615 (141,591) | 0.24 | USDC |
| Base | Morpho | Pocky's High Yield USDC | 34.4% (n) | 31.9% (n) | 31.9% (n) | 209,405 (219,117) | 0.27 | USDC |
| Berachain | Dolomite: BYUSD | 4.5% (g) | 5.1% (g) | 5.3% (g) | 337,136 (37,499,198) | 0.44 | BYUSD | |
| Berachain | Dolomite | Dolomite: USDC.e | 1.4% (n) | 2.2% (n) | 3.8% (n) | 5,997,696 (57,964,561) | 0.98 | USDC.e |
| Berachain | Dolomite | Dolomite: USD₮0 | 1.1% (n) | 1.6% (n) | 4.8% (n) | 1,022,958 (6,295,299) | 0.97 | USD₮0 |
| Binance | Decentralized USD | Savings Usdd | 8.2% (n) | 10.7% (n) | 10.8% (n) | 8,481,759 (45,103,670) | 0.28 | USDD |
| Binance | Euler | K3 Capital ASTERLIQUID USDT | 5.6% (n) | 8.7% (n) | 8.7% (n) | 575,723 (5,829,183) | 0.32 | USDT |
| Binance | Euler | K3 Capital USDT Earn Vault | 5.0% (n) | 7.5% (n) | 7.3% (n) | 327,262 (5,063,686) | 0.29 | USDT |
| Blast | Wasabi USDB Vault | 1.4% (g) | --- | 8.8% (g) | 195,328 (53,516,284) | 1.89 | USDB | |
| Blast | Hyper USDB | 1.3% (g) | 1.4% (g) | 5.7% (g) | 347,303 (4,866,802) | 1.84 | USDB | |
| Ethereum | Deltr | Staked dUSD | 49.0% (g) | 30.6% (g) | 30.6% (g) | 1,128,964 (1,128,964) | 0.15 | dUSD |
| Ethereum | Peapods | Peapods Interest Bearing USDC - 33 | 35.1% (g) | 41.3% (g) | 35.5% (g) | 5,033,678 (19,500,743) | 0.57 | USDC |
| Ethereum | Morpho | Pocky's High Yield USDS | 26.4% (n) | 50.4% (n) | 50.7% (n) | 770,125 (911,083) | 0.27 | USDS |
| Gnosis | Savings xDAI | 4.8% (g) | 5.2% (g) | 9.0% (g) | 89,915,924 (118,558,027) | 2.33 | WXDAI | |
| Gnosis | SavingsVault ZCHF | 3.7% (g) | 3.2% (g) | 2.9% (g) | 565,782 (568,521) | 0.36 | ZCHF | |
| Gnosis | Wrapped Aave Gnosis GHO | 3.3% (g) | --- | 3.1% (g) | 331,581 (528,857) | 0.48 | GHO | |
| Hyperliquid | Altura | Altura Vault Tokens | 23.8% (g) | 23.7% (g) | 23.7% (g) | 2,311,192 (2,311,192) | 0.09 | USD₮0 |
| Hyperliquid | HypurrFi | hyUSDXL (Looped HYPE) - 1 | 18.5% (g) | 15.3% (g) | 12.5% (g) | 153,374 (3,118,200) | 0.80 | USDXL |
| Hyperliquid | Hyperlend | Wrapped HLP | 10.8% (n) | 10.3% (n) | 12.2% (n) | 232,027 (1,623,124) | 0.57 | USD₮0 |
| Katana | Morpho | Steakhouse High Yield USDC | 3.5% (n) | 3.5% (n) | 2.9% (n) | 5,459,863 (5,459,863) | 0.59 | vbUSDC |
| Katana | Yearn | Morpho Steakhouse High Yield USDC Compounder | 3.4% (n) | 3.4% (n) | 3.4% (n) | 5,140,127 (5,140,127) | 0.25 | vbUSDC |
| Katana | Yearn | Morpho Yearn OG USDT Compounder | 2.9% (n) | 3.2% (n) | 2.6% (n) | 11,230,645 (15,113,771) | 0.57 | vbUSDT |
| Linea | Euler | Re7 Labs USD Cluster USDT | 6.4% (n) | 6.3% (n) | 5.6% (n) | 856,145 (111,440,321) | 0.42 | USDT |
| Linea | Lagoon Finance | Turtle Linea USDC | 3.2% (n) | 2.8% (n) | 3.1% (n) | 535,482 (879,077) | 0.37 | USDC |
| Linea | AUTO Finance | AUTOfinance lineaUSD | 3.6% (n) | 4.4% (n) | 22.3% (n) | 161,914 (1,379,017) | 0.26 | 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 | Curvance | Curvance AUSD | 11.7% (g) | 12.6% (g) | 12.6% (g) | 16,267,419 (22,389,258) | 0.17 | AUSD |
| Monad | Lagoon Finance | DeTrade Core AUSD | 11.5% (n) | 10.1% (n) | 10.1% (n) | 290,985 (553,233) | 0.10 | AUSD |
| Monad | Accountable | Yuzu Money Vault | 10.3% (g) | 10.3% (g) | 10.3% (g) | 108,644 (1,930,902) | 0.10 | USDC |
| Optimism | 40op-USDC-Vault | 8.6% (g) | 9.9% (g) | 17.7% (g) | 1,316,189 (1,863,434) | 0.90 | USDC | |
| Optimism | Spark USDC Vault | 4.0% (g) | 4.2% (g) | 4.5% (g) | 53,794,085 (100,940,971) | 0.65 | USDC | |
| Optimism | ERC4626-Wrapped Aave v3 USDC | 2.9% (g) | 3.0% (g) | 5.1% (g) | 1,215,837 (4,967,209) | 1.78 | USDC | |
| Plasma | Yuzu Money | Yuzu Protection Pool | 44.5% (n) | 23.6% (n) | 19.7% (n) | 2,619,670 (2,619,670) | 0.29 | USDT0 |
| Plasma | Gearbox | USDT0 | 17.7% (n) | 13.0% (n) | 11.0% (n) | 904,050 (54,659,147) | 0.34 | USDT0 |
| Plasma | AUTO Finance | AUTOfinance plasmaUSD | 10.7% (n) | 8.2% (n) | 9.0% (n) | 1,081,795 (7,666,217) | 0.34 | USDT0 |
| Polygon | Morpho | Steakhouse High Yield USDT0 | 10.1% (n) | 8.2% (n) | 7.6% (n) | 208,238 (264,218) | 0.38 | USDT0 |
| Polygon | Morpho | Steakhouse High Yield USDC | 7.5% (n) | 9.1% (n) | 9.1% (n) | 1,022,463 (1,308,976) | 0.22 | USDC |
| Polygon | Gains Network | gTrade (Gains Network USDC) | 5.6% (n) | 6.2% (n) | 11.6% (n) | 506,265 (1,040,402) | 2.01 | USDC |
| Soneium | Morpho | Re7 USDC | 0.0% (n) | 0.0% (n) | 0.0% (n) | 208,777 (217,407) | 0.46 | USDC.e |
| Sonic | Silo Finance | Borrowable USDC Deposit, SiloId: 27 | 14.1% (n) | 13.4% (n) | 11.5% (n) | 165,614 (3,283,524) | 0.98 | USDC |
| Sonic | Mainstreet Finance | Staked msUSD | 6.3% (n) | 5.2% (n) | -12.1% (n) | 327,448 (6,545,446) | 0.64 | msUSD |
| Sonic | Silo Finance | Borrowable USDC Deposit, SiloId: 8 | 6.4% (n) | 7.4% (n) | 5.9% (n) | 176,359 (49,013,717) | 1.03 | 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 | Ostium Liquidity Pool Vault | 76.5% (n) | 30.2% (n) | 9.9% (n) | 2.90 | 48,098,724 (68,090,578) | 1.57 | USDC | Arbitrum | Ostium |
| 2 | Yuzu Protection Pool | 44.5% (n) | 23.6% (n) | 19.7% (n) | 8.40 | 2,619,670 (2,619,670) | 0.29 | USDT0 | Plasma | Yuzu Money |
| 3 | Peapods Interest Bearing USDC - 33 | 35.1% (g) | 41.3% (g) | 35.5% (g) | 68.40 | 5,033,678 (19,500,743) | 0.57 | USDC | Ethereum | Peapods |
| 4 | Altura Vault Tokens | 23.8% (g) | 23.7% (g) | 23.7% (g) | 24.90 | 2,311,192 (2,311,192) | 0.09 | USD₮0 | Hyperliquid | Altura |
| 5 | AQRU Maple Pool USDC1 | 17.2% (g) | 17.1% (g) | 15.2% (g) | 35.70 | 7,542,976 (27,846,873) | 2.98 | USDC | Ethereum | Maple |
| 6 | ETH Strategy Perpetual Note | 16.9% (n) | 16.7% (n) | 16.7% (n) | 8.00 | 3,811,842 (4,276,143) | 0.40 | USDS | Ethereum | ETH Strategy |
| 7 | Upshift AZT | 16.2% (g) | 14.5% (g) | 8.8% (g) | 5.00 | 7,063,769 (7,063,769) | 0.59 | USDC | Ethereum | Upshift |
| 8 | Staked UTY | 15.1% (g) | 10.5% (g) | 9.4% (g) | 7.90 | 3,067,814 (21,943,156) | 0.70 | UTY | Avalanche | |
| 9 | Staked avUSD | 13.1% (n) | 14.0% (n) | 12.2% (n) | 58.70 | 95,681,879 (126,856,869) | 1.16 | avUSD | Avalanche | Avant |
| 10 | USDC Fluid Lender | 12.9% (g) | 8.0% (g) | 14.7% (g) | 14.60 | 32,873,387 (33,530,275) | 0.44 | USDC | Ethereum | Fluid |
| 11 | Resolv USR Yield Maxi | 12.6% (g) | 11.9% (g) | 9.0% (g) | 6.90 | 7,361,484 (30,713,544) | 0.47 | USDC | Ethereum | Upshift |
| 12 | Borrowable USDC Deposit, SiloId: 142 | 12.4% (n) | 10.8% (n) | 10.7% (n) | 12.30 | 13,288,505 (28,995,325) | 0.41 | USDC | Avalanche | Silo Finance |
| 13 | Staked msUSD | 9.3% (n) | 10.7% (n) | 10.7% (n) | 22.60 | 8,065,256 (8,065,256) | 0.15 | msUSD | Ethereum | Mainstreet Finance |
| 14 | Curvance AUSD | 11.7% (g) | 12.6% (g) | 12.6% (g) | 71.90 | 16,267,419 (22,389,258) | 0.17 | AUSD | Monad | Curvance |
| 15 | Avantis USDC Vault | 10.7% (g) | 13.2% (g) | 15.0% (g) | 44.90 | 101,968,876 (112,521,679) | 2.00 | USDC | Base | |
| 16 | Strata Junior USDe | 10.2% (g) | 12.5% (g) | 9.7% (g) | 38.10 | 45,748,792 (54,176,005) | 0.30 | USDe | Ethereum | |
| 17 | 40BH-USDC-VAULT | 10.1% (g) | 13.6% (g) | 24.9% (g) | 43.10 | 2,050,989 (2,168,503) | 0.27 | USDC | Avalanche | |
| 18 | Upshift USDC | 9.9% (g) | 7.3% (g) | 7.7% (g) | 8.20 | 13,835,214 (35,816,112) | 1.22 | USDC | Ethereum | Upshift |
| 19 | 9Summits USDC | 9.6% (n) | 8.3% (n) | 8.1% (n) | 27.60 | 15,701,657 (27,355,592) | 0.26 | USDC | Avalanche | Euler |
| 20 | 9Summits USDC | 9.6% (n) | 8.3% (n) | 8.1% (n) | 32.80 | 17,263,629 (27,742,037) | 0.26 | USDC | Avalanche | Euler |
| 21 | Savings Usdd | 9.5% (n) | 11.2% (n) | 10.5% (n) | 62.20 | 330,692,312 (375,652,830) | 0.36 | USDD | Ethereum | Decentralized USD |
| 22 | Borrowable USDC Deposit, SiloId: 141 | 9.5% (n) | 0.0% (n) | 10.2% (n) | 0.00 | 3,435,427 (5,032,593) | 0.45 | USDC | Avalanche | Silo Finance |
| 23 | HYPE++ | 9.3% (n) | 8.8% (n) | 35.3% (n) | 4.00 | 4,241,570 (6,090,811) | 1.18 | USDC | Arbitrum | D2 Finance |
| 24 | gTrade (Gains Network USDC) | 9.3% (n) | 8.5% (n) | 12.8% (n) | 26.70 | 2,863,279 (4,936,714) | 1.34 | USDC | Base | Gains Network |
| 25 | Staked USDS | 9.2% (n) | 11.0% (n) | 9.9% (n) | 29.10 | 157,000,072 (222,816,487) | 0.31 | USDS | Ethereum | Sky |
| 26 | YieldFi yToken | 9.2% (g) | -37.8% (g) | -0.2% (g) | -4.60 | 12,856,921 (12,856,921) | 1.19 | sUSD | Ethereum | YieldFi |
| 27 | Tokemak autoUSD | 8.9% (n) | 7.4% (n) | 7.4% (n) | 24.40 | 12,842,300 (31,704,331) | 0.88 | USDC | Ethereum | AUTO Finance |
| 28 | Concrete Decentralized Finance USDT | 8.5% (g) | 6.5% (g) | 6.5% (g) | 5.20 | 37,827,608 (37,827,608) | 0.15 | USDT | Ethereum | |
| 29 | Spicy USDC Vault | 8.5% (g) | 10.4% (g) | 9.2% (g) | 18.80 | 9,826,913 (11,507,434) | 1.02 | USDC | Base | |
| 30 | YieldFi yUSD | 8.4% (g) | -39.5% (g) | -10.3% (g) | -3.60 | 21,154,964 (158,925,148) | 0.72 | USDC | Ethereum | |
| 31 | Stable Gain Vault | 8.4% (g) | 9.2% (g) | 9.8% (g) | 30.00 | 7,325,546 (11,079,511) | 0.37 | USDC | Ethereum | |
| 32 | Llama Lend CRV / crvUSD | 8.3% (n) | 9.3% (n) | 11.6% (n) | 25.40 | 4,139,770 (66,426,822) | 1.87 | crvUSD | Ethereum | Llama Lend |
| 33 | Credit Coop Lending Vault | 8.3% (g) | 10.2% (g) | 10.6% (g) | 23.40 | 6,236,851 (6,236,851) | 0.62 | USDC | Ethereum | |
| 34 | Savings Usdd | 8.2% (n) | 10.7% (n) | 10.8% (n) | 82.30 | 8,481,759 (45,103,670) | 0.28 | USDD | Binance | Decentralized USD |
| 35 | Turtle Avalanche USDC | 6.3% (n) | 6.3% (n) | 6.3% (n) | 13.80 | 22,415,761 (33,480,460) | 0.03 | USDC | Avalanche | Lagoon Finance |
| 36 | Senior ArcadiaV2 USD Coin | 8.0% (g) | 8.4% (g) | 11.6% (g) | 39.70 | 2,671,547 (7,522,526) | 1.84 | USDC | Base | Arcadia Finance |
| 37 | High Yield Secured Lending Maple Pool USDC1 | 7.4% (g) | 8.4% (g) | 12.8% (g) | 31.50 | 98,885,411 (99,810,912) | 1.90 | USDC | Ethereum | |
| 38 | Vault | 7.4% (g) | 10.1% (g) | 19.5% (g) | 58.80 | 11,426,461 (12,182,948) | 0.99 | USDC | Base | |
| 39 | YieldFi vyUSD | 7.3% (g) | -39.8% (g) | -12.4% (g) | -1.80 | 2,996,865 (19,335,286) | 0.61 | USDC | Ethereum | YieldFi |
| 40 | gTrade (Gains Network USDC) | 7.1% (n) | 9.1% (n) | 12.7% (n) | 26.00 | 12,789,649 (25,269,734) | 2.01 | USDC | Arbitrum | Gains Network |
| 41 | Re Ecosystem Vault | 7.1% (n) | 7.4% (n) | 7.4% (n) | 68.30 | 7,508,609 (7,508,609) | 0.11 | USDC | Ethereum | Morpho |
| 42 | Re Ecosystem USDC | 7.1% (n) | 7.4% (n) | 7.4% (n) | 23.30 | 7,509,995 (7,509,995) | 0.14 | USDC | Ethereum | Morpho |
| 43 | K3 Yuzu USDT0 syzUSD | 7.1% (n) | 8.7% (n) | 8.6% (n) | 31.40 | 13,201,531 (22,956,146) | 0.28 | USDT0 | Plasma | Euler |
| 44 | Staked Falcon USD | 7.0% (g) | 7.6% (g) | 10.2% (g) | 38.70 | 148,185,432 (790,318,599) | 0.95 | USDf | Ethereum | |
| 45 | 9Summits flagship USDC | 5.5% (n) | 6.2% (n) | 8.3% (n) | 3.70 | 6,270,251 (7,515,941) | 1.11 | USDC | Ethereum | Lagoon Finance |
| 46 | Clearstar High Yield USDC | 6.9% (n) | 9.3% (n) | 9.3% (n) | 21.60 | 11,706,852 (16,302,823) | 0.25 | USDC | Ethereum | Morpho |
| 47 | Resolv USDC | 6.9% (n) | 6.6% (n) | 7.0% (n) | 19.30 | 9,597,281 (77,703,736) | 1.05 | USDC | Ethereum | Morpho |
| 48 | ALPHA USDC Core | 6.8% (n) | 8.2% (n) | 8.4% (n) | 43.00 | 20,109,113 (80,997,438) | 0.82 | USDC | Ethereum | Morpho |
| 49 | Alpha Enhanced V2 | 6.8% (n) | 6.8% (n) | 6.8% (n) | 24.60 | 2,194,371 (2,194,371) | 0.01 | USDC | Ethereum | Morpho |
| 50 | Leveraged syrupUSDT | 6.1% (n) | 5.6% (n) | 5.6% (n) | 21.80 | 5,893,284 (5,893,284) | 0.10 | USDT | Ethereum | IPOR |
Partners
We want to thank our partners @arbitrumdao_gov, @envio_indexer, @dRPCorg, @ipor_io, @goldskyio, @icecream_swap, @grvt_io, @OrderlyNetwork and @lagoon_finance 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.