The yield landscape continued to expand this week as protocols pushed deeper into new networks, stablecoin infrastructure matured, and integrations accelerated across the stack. From Maple Finance’s multi-chain expansion to Circle’s growing dominance in cross-chain liquidity, DeFi yields are broadening in both access and diversity.
Let’s take a closer look at this week’s developments.
New Yield Support
Maple Finance has been added to the Yield.xyz API, bringing access to institutional-grade yield markets for USDC and USDT on Ethereum and Solana. Maple specializes in collateralized lending to high-quality institutions such as market makers and trading firms. Through its syrupUSDC and syrupUSDT vaults, historically offering between 6–8% APY, users can now earn from a curated portfolio of credit opportunities while retaining full transparency into loan performance.
Three new Morpho vaults have also gone live this week: Keyrock USDC, Relend USDT, and Clearstar USDT Reactor. Each offers distinct lending and liquidity strategies through Morpho’s optimized lending architecture, expanding the range of high-quality stablecoin yield sources available through the API.
Stablecoin Developments
Circle USDC continues to advance its cross-chain strategy with the launch of Circle Gateway on HyperEVM—supporting networks such as HyperLiquid, Sonic, and SEI. The new service enables non-custodial, chain-abstracted USDC, offering cross-chain UX and capital efficient treasury management. The launch coincides with USDC surpassing $75B in circulating supply, reinforcing Circle’s leadership in onchain dollar liquidity.
Within the Sky ecosystem, Spark has seen a strong surge in TVL this month, driven by expansion in USDT and PYUSD markets on SparkLend. SparkLend’s advantage remains its exclusive use of blue-chip collateral, enabling borrowers to access low rates without competing with loopers.
Ethena Labs unveiled JupUSD, the native stablecoin of the Jupiter Exchange ecosystem. Built using Ethena’s Stablecoin-as-a-Service stack, JupUSD will serve as the cornerstone of Jupiter’s DeFi infrastructure—powering Jupiter Perps and Jupiter Lend.
Finally, Maple Finance’s expansion to Plasma drew major demand. The new syrupUSDT Vault reached its $200M capacity in under one minute, rewarding depositors with upcoming XPL incentives.
Protocol Updates
Morpho surpassed $400M in deposits on Arbitrum, fueled by the ongoing DRIP campaign that distributes over $22K in daily incentives to borrowers and lenders. The program has rapidly deepened liquidity across Morpho’s USDC vaults and strengthened Arbitrum’s position as a core yield venue.
Euler launched on Plasma, introducing leveraged yield strategies on Maple’s syrupUSDT at 87.5% LTV, combining XPL rewards with high base yields for advanced loopers. Meanwhile, Euler Earn reached $750M in TVL in less than two months, underscoring its strong adoption among sophisticated DeFi users.
Drift continues to scale its lending markets, now offering 11% APY on USDC and 9% on syrupUSDC, with the USDC vault exceeding $340M in deposits.
Lastly, YO Protocol’s yoEUR vault is now integrated with Zerion via the Yield.xyz API, allowing users to earn euro-denominated yield directly from their wallet interface. An additional 2% APY incentive is being offered for a limited time to early depositors.
Build With Yield.xyz Today
That wraps up this week’s review. With Maple’s multi-chain yields, Circle’s cross-chain expansion, and new integrations across Morpho, Euler, and YO Protocol, DeFi is becoming more connected and capital-efficient by the week.
Yield.xyz continues to power this evolution—providing developers, wallets, and fintechs with a unified API to access and deliver best-in-class onchain yield to their users.
Start building with Yield.xyz today.