Verify what backs a stablecoin
DIA Value computes intrinsic fair value for stablecoins from reserves and on-chain data, so backing and peg health can be verified.
Where USDe earns: the live APY on every tracked lending market, vault, liquidity pool and staking position holding USDe. Rates are read daily from onchain data.
← USDe stablecoin profile · All stablecoin yields →
Top APY
5.19%
ethena-usde
Yield pools
56
56 yield pools across 26 protocols
Incentive-driven TVL
32%
of listed TVL is ≥50% reward driven
| APY | Composition | 30d avg | Quality | Protocol | Chain | Rewards | ▼TVL | Type |
|---|---|---|---|---|---|---|---|---|
5.19% | 4.98% | OrganicStable |  Ethereum | +0.00% | $1.1B | Savings | ||
0.25% | 0.26% | OrganicStable |  Plasma | +0.00% | $588.4M | Lending | ||
5.00%Rewards only | 4.82% | IncentiveStable |  Base | +5.00% | $384.2M | Lending | ||
5.00%Rewards only | 4.82% | IncentiveStable |  Robinhood Chain | +5.00% | $355.0M | Lending | ||
0.23% | 0.23% | OrganicStable | Ethereum | +0.00% | $266.5M | Lending | ||
1.16% | 1.04% | MixedStable |  Monad | +0.90% | $116.1M | Lending | ||
2.73% | 2.98% | IncentiveStable | Ethereum | +2.72% | $34.0M | LP | ||
3.70% | 4.24% | IncentiveStable | Ethereum | +3.69% | $33.9M | LP | ||
5.65%Rewards only | 4.82% | IncentiveStable | Ethereum | +5.65% | $30.2M | Lending | ||
4.77% | 5.47% | OrganicStable | Ethereum | +0.00% | $4.2M | Lending | ||
5.06% | 4.38% | OrganicStable | Ethereum | +0.00% | $4.0M | Lending | ||
9.51% | 9.61% | LP fees · IL riskStable | Ethereum | +0.00% | $3.6M | LP | ||
11.82% | 8.32% | LP fees · IL riskStable | Ethereum | +0.00% | $3.2M | LP | ||
3.04% | 2.39% | LP fees · IL riskStable | Ethereum | +0.00% | $2.8M | LP | ||
0.74% | 5.43% | LP fees · IL riskVolatile |  Solana | +0.00% | $2.2M | LP | ||
6.16% | 1.13% | LP fees · IL riskVolatile | Ethereum | +0.00% | $1.7M | LP | ||
13.62% | 2.60% | OrganicVolatile | Robinhood Chain | +0.00% | $1.6M | Lending | ||
0.09% | 7.73% | LP fees · IL riskVolatile | Solana | +0.00% | $1.5M | LP | ||
13.41% | 5.06% | LP fees · IL riskVolatile | Ethereum | +2.29% | $1.1M | LP | ||
0.10% | 0.25% | LP fees · IL riskVolatile | Base | +0.00% | $999.9K | LP | ||
4.18% | 2.72% | LP fees · IL riskVolatile | Ethereum | +0.00% | $856.0K | LP | ||
15.33% | 7.50% | MixedVolatile | Ethereum | +4.21% | $728.3K | LP | ||
12.37% | 6.87% | MixedVolatile | Ethereum | +4.43% | $619.7K | LP | ||
0.35% | 0.85% | LP fees · IL riskVolatile |  Avalanche | +0.00% | $502.8K | LP | ||
11.98% | 8.23% | LP fees · IL riskStable | Ethereum | +0.00% | $491.4K | LP | ||
0.48% | 1.42% | LP fees · IL riskVolatile | Ethereum | +0.00% | $489.5K | LP | ||
0.16% | 0.68% | LP fees · IL riskVolatile | Ethereum | +0.00% | $316.5K | LP | ||
5.49% | 5.63% | OrganicStable |  Hyperliquid L1 | +0.00% | $294.0K | Lending | ||
6.69% | 3.84% | LP fees · IL riskVolatile | Ethereum | +0.00% | $204.7K | LP | ||
25.74%Rewards only | 13.00% | IncentiveVolatile |  Berachain | +25.74% | $185.7K | Lending | ||
0.61% | 0.37% | LP fees · IL riskVolatile | Ethereum | +0.00% | $164.4K | LP | ||
0.61% | 1.22% | LP fees · IL riskStable | Ethereum | +0.00% | $140.0K | LP | ||
5.43% | 24.27% | MixedVolatile | Ethereum | +3.94% | $130.1K | Lending | ||
6.65% | 16.61% | OrganicVolatile | Plasma | +0.00% | $121.6K | Lending | ||
1.71% | 0.87% | LP fees · IL riskVolatile |  Arbitrum | +0.00% | $71.4K | LP | ||
2.04% | 1.69% | LP fees · IL riskStable | Arbitrum | +0.00% | $63.3K | LP | ||
1.22% | 1.03% | OrganicStable |  MegaETH | +0.00% | $57.4K | Lending | ||
13.49% | 11.70% | LP fees · IL riskStable | Plasma | +0.00% | $53.1K | LP | ||
6.65% | 12.53% | OrganicStable | Plasma | +0.00% | $47.7K | Lending | ||
8.70% | 2.13% | LP fees · IL riskVolatile | Arbitrum | +0.00% | $45.4K | LP | ||
0.71% | 0.57% | LP fees · IL riskStable | Ethereum | +0.00% | $43.9K | LP | ||
1.68% | 1.67% | OrganicStable | Hyperliquid L1 | +0.00% | $42.8K | Lending | ||
1.77% | 1.90% | OrganicStable |  BSC | +0.00% | $37.0K | Lending | ||
19.57% | 4.70% | LP fees · IL riskVolatile | Ethereum | +0.00% | $35.3K | LP | ||
0.15% | 0.07% | LP fees · IL riskVolatile | Hyperliquid L1 | +0.00% | $33.0K | LP | ||
5.36% | 4.66% | IncentiveStable | Ethereum | +5.12% | $31.1K | LP | ||
0.38%Rewards only | 12.14% | IncentiveVolatile | Robinhood Chain | +0.38% | $27.5K | LP | ||
8.70% | 8.31% | IncentiveStable | Ethereum | +8.46% | $25.8K | LP | ||
7.07% | 8.59% | IncentiveStable | Ethereum | +6.49% | $25.4K | LP | ||
14.30% | 8.63% | IncentiveVolatile | Ethereum | +13.24% | $23.6K | LP | ||
0.03% | 0.01% | LP fees · IL riskVolatile | Ethereum | +0.00% | $20.1K | LP | ||
7.53% | 1.97% | LP fees · IL riskVolatile | Arbitrum | +0.00% | $17.5K | LP | ||
3.38% | 1.04% | LP fees · IL riskVolatile | Hyperliquid L1 | +0.00% | $16.9K | LP | ||
1.69% | 2.06% | LP fees · IL riskStable | Ethereum | +0.00% | $13.9K | LP | ||
6.52% | 3.85% | LP fees · IL riskVolatile | Arbitrum | +0.00% | $12.9K | LP | ||
0.56% | 3.87% | OrganicVolatile | Avalanche | +0.00% | $12.8K | Lending |
Showing 25 of 56.
Is your pool missing?
The best yield tracked for USDe in lending, vault and savings pools, weighing each pool's APY by its size, is currently 5.19%, offered by ethena-usde on Ethereum, with $1.1B in total value locked.
USDe's largest yield markets are ethena-usde (Ethereum), aave-v3 (Plasma), morpho-blue (Base), then across 53 more yield pools. Each row shows the base rate, any rewards split and the total value locked, largest pools first. Rates move daily, so compare the whole table rather than the headline.