Your overview of weekly DeFi and staking yields, all in one place.
Welcome to our Yield Week In Review, where we cover the latest updates across DeFi and staking, giving you a birds-eye view of the newest opportunities users are taking advantage of.
Ethereum turned 10 this week, marking a decade of decentralized innovation. As regulatory clarity sharpens under the GENIUS Act, capital continues to shift back onchain toward staking, vault strategies, and modular DeFi primitives. Across L1s and L2s, protocols are doubling down on composability, while new integrations are making yield more accessible to both institutions and retail. Stablecoin infrastructure is evolving rapidly, and ETH restaking remains a major growth frontier.
Yield Updates: Liquid Staking, Stablecoins, LPs, and More
Stablecoin lending rates have picked up across Fluid and Aave markets, while stable vaults on Morpho have tapped double-digit APYs. Liquid staking APYs hold steady as the market stabilizes following stETH volatility.
Here are some yield opportunities we’re keeping an eye on:
Stablecoin Lending
- USDC on Fluid: 8.75%
- USDT on Fluid: 6.97%
- USDS on Aave: 3.63%
Stablecoin & BTC Vaults
- cbBTC on Horizon Yearn: 2.91%
- USDC on Morpho: 11.52%
- USDE on Morpho: 12.82%
- USDT on Morpho: 13.24%
Liquid Staking & Restaking
- wETH on Everstake: 3.26%
- Sonic on Goat: 4.78%
- TRON on JustLend: 5.74%
- stETH on (Lido): 2.67%
You can view real-time APYs on all yield opportunities directly on dapp.yield.xyz
Stablecoin Lending Developments
Falcon Finance: Surpassed $1B in USDf circulating supply and secured a $10M strategic investment from World Liberty Financial (WLFI), issuer of the fiat-backed USD1 stablecoin. The partnership enables dual collateralized stablecoin strategies, combining Falcon’s synthetic model with WLFI’s reserve-backed USD1. Source
Clearpool: Launched PayFi and cpUSD for real-world payment yield to offer short-term stablecoin loans to fintechs bridging fiat settlement delays. It also launched cpUSD, a permissionless yield token backed by payment lending flows. Clearpool has already issued over $800M in stablecoin credit to borrowers like Jane Street and Banxa. Source
Liquid Staking & Restaking Developments
Ethena: Ethena’s TVL jumped 40% in July to $7.72B, driven by soaring demand for its synthetic stablecoin, USDe. ENA token price tripled, boosted by whale accumulation, exchange listings, and a $260M StablecoinX buyback. USD inflows rose from $47M to nearly $3B over the month. Technicals show strong bullish momentum with targets above $0.75. Ethena now ranks #8 by TVL, with new product launches and institutional adoption fueling further growth. Source
Swell Network: Bithumb has enabled multichain support for SWELL tokens, allowing deposits and withdrawals on both Ethereum and Swellchain. This update offers users greater flexibility, lower gas fees, and faster transactions. All Bithumb users holding SWELL are eligible—no whitelist or snapshot required. Eligibility can be checked by viewing the network options in the wallet interface. The move boosts swETH’s utility across DeFi, expanding cross-chain yield opportunities. Source
Protocol & Infrastructure Highlights
- Linea: Introduced native ETH staking with a burn-and-reward mechanism: 80% of gas fees paid in ETH are used to buy and burn LINEA tokens, while the remaining 20% is directed toward staking rewards for ETH stakers. Source
- Hyperliquid: Announced it will Integrate native USDC and CCTP v2 to enable seamless, capital efficient stablecoin flows. Source
- Blockstream: Launched Simplicity smart contracts on Bitcoin (via Liquid), enabling safer vaults and custody for Bitcoin-native yield. Source
- Visa: Expanded stablecoin support to include PYUSD, USDG, and EURC; added Stellar and Avalanche to accelerate multichain treasury adoption. Source
Governance and Ecosystem Developments
- Aave V3: Deployed a Lido specific instance supporting only wstETH and ETH, enabling leveraged staking loops. The protocol also raised caps on PT-USDe and added new collateral types. Source
- Morpho DAO: Finalized cross chain expansion plans (MIP-88) with GFX Labs to integrate lending strategies into the Oku interface. Source
Validator & Staking Provider Highlights
- Figment: Added support for Firedancer, the high performance Solana client, and highlighted progress on favorable U.S. staking regulation. Source
- Chorus One: Completed offboarding of minor networks. The final migration deadline passed on July 31. Source
- Everstake: Became an official Cardano DRep and celebrated its 10 year anniversary, expanding governance influence over ADA staking. Source
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