3 interesting stablecoin yields worth looking at right now. (One of them literally pays you to borrow): #1: @0xfluid - Lite USD Vault @0xfluid launched Lite USD across Ethereum, Arbitrum, and Plasma. The vault generates yield through leveraged looping on Aave. Supports sUSDe, syrupUSDC/USDT, and USDai. What's interesting isn't the number... it's the mechanic. Yield is fixed via governance. They're running a promo at ~40% right now, but the real target after promo ends is 6%. The governance-set fixed rate is the design worth paying attention to, not the temporary promo APR. #2: @yearnfi - yvUSD @yearnfi launched yvUSD, a stablecoin vault built on their battle-tested v3 architecture. Deposits route through various yield strategies, mostly Morpho and Pendle markets right now. The Yearn team calls it "anti-black box." Full transparency on where your money sits. You can verify everything the vault is doing at any time. Lock deposits for 2 weeks and you get boosted yield, currently paying ~7.5%. #3: @protocol_fx - fxMINT (the one that pays you to borrow) @protocol_fx launched fxMINT, a borrowing feature that gives you interest-free loans of fxUSD against ETH or BTC collateral. They're currently incentivizing ETH-collateral borrows with a reward APR of ~6.5%. You're not just borrowing for free. You're getting paid to do it. Here's how to stack it: • Borrow fxUSD against ETH at a reasonable LTV (50-70%) • Bridge fxUSD to Base via the native f(x) bridge • Deposit fxUSD into Morpho's fxUSD Agentic Stablecoin vault, currently yielding ~7% Net yield on that stack: ~11.5% at 70% LTV. Stablecoin yield used to mean parking USDC on Compound and calling it a day. Now you've got governance-set fixed rates, transparent multi-strategy vaults, and protocols paying you to take out loans. The infrastructure is maturing. The yields aren't just higher, they're structurally more interesting. Alright, I'm sure I'm missing a few good ones. Feel free to share below!

Glad to see @protocol_fx mentioned man - am biased obviously but think they are one of the most interesting projects in defi right now 🤝