Strategy Intelligence Report
Compare and stress-test curated DeFi and RWA markets — 168 of about 12,000 pools, selected by published rules. Described, not rated.
Market overview
- Stablecoin yields have a median of 3.36%, ranging from 0.08% to 15.84% (42 pools with a yield).
- Liquid staking pools have a median of 2.28%, range 1.51% to 4.91% (9 pools).
Details and method
- Tokenized RWA have a median of 3.76%, range 3.07% to 5.67% (18 pools).
- Across all 86 pools with a yield, the TVL-weighted APY is 2.73% and the median 3.18%.
- 82 of 168 pools are collateral markets — an APY below 0.05%, or a staking token held as collateral on a lending protocol. They are listed in a separate section below the table.
Every figure in this section is computed over the curated universe (TVL of at least USD 10M, no outlier flag, at most two flag points; crypto pools additionally on an established chain, with an established protocol and for one of the tracked assets). Collateral markets — an APY below 0.05%, or a staking token deposited on a lending protocol — enter no median. The 30-day values are reconstructed from DeFiLlama's apyPct1D, apyPct7D and apyPct30D fields: today's APY minus the change.
Markets
Not assessed: smart contracts, oracles, governance, bridges, counterparty, custody, regulation — not even zero flag points cover them. Limitations of the methodology · Relation to standards
Active focus: Entire universe · no filters active · 86 markets with a yield
86 pools with a yield, plus 82 without a yield in the section below · 168 pools in the universe
| Flag pointsPoints | Save | |||||
|---|---|---|---|---|---|---|
Lido · Ethereum · TVL $26.8B · -0.07 pp 30d | 2.18% | 2.18% + 0.00% | $26.8B | 1 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
ether.fi Stake · Ethereum · TVL $6.03B · -0.01 pp 30d | 2.28% | 2.28% + 0.00% | $6.03B | 1 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Maple Finance · Ethereum · TVL $2.92B · +0.12 pp 30d | 5.15% | 5.15% + 0.00% | $2.92B | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Circle USYC · BSC · TVL $2.36B · -0.12 pp 30d | 3.07% | 3.07% + 0.00% | $2.36B | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Rocket Pool · Ethereum · TVL $1.42B · +0.01 pp 30d | 2.18% | 2.18% + 0.00% | $1.42B | 1 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Jito Liquid Staking · Solana · TVL $1.26B · -0.01 pp 30d | 4.91% | 4.91% + 0.00% | $1.26B | 1 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Ondo Finance · Ethereum · TVL $1.21B · +0.06 pp 30d | 3.62% | 3.62% + 0.00% | $1.21B | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Aave V3 · Ethereum · TVL $989M · -0.05 pp 30d | 1.36% | 1.36% + 0.00% | $989M | 1 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
BlackRock BUIDL · Solana · TVL $968M · +0.21 pp 30d | 3.78% | 3.78% + 0.00% | $968M | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
BlackRock BUIDL · Aptos · TVL $968M · +0.21 pp 30d | 3.47% | 3.47% + 0.00% | $968M | 2 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Maple Finance · Ethereum · TVL $666M · +0.97 pp 30d | 5.67% | 5.67% + 0.00% | $666M | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
mETH Protocol · Ethereum · TVL $640M · -0.65 pp 30d | 1.51% | 1.51% + 0.00% | $640M | 1 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Invesco USTB · Ethereum · TVL $550M · -0.20 pp 30d | 3.32% | 3.32% + 0.00% | $550M | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Aave V3 · Ethereum · TVL $545M · -4.59 pp 30d | 0.14% | 0.14% + 0.00% | $545M | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Ondo Finance · Stellar · TVL $537M · +0.06 pp 30d | 3.62% | 3.62% + 0.00% | $537M | 2 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Coinbase Wrapped Staked ETH · Ethereum · TVL $512M · -0.04 pp 30d | 2.33% | 2.33% + 0.00% | $512M | 1 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
BlackRock BUIDL · Avalanche · TVL $483M · +0.21 pp 30d | 3.78% | 3.78% + 0.00% | $483M | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Maple Finance · Ethereum · TVL $471M · +0.07 pp 30d | 5.00% | 5.00% + 0.00% | $471M | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Spark Savings · Ethereum · TVL $447M · +0.50 pp 30d | 3.75% | 3.75% + 0.00% | $447M | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
SparkLend · Ethereum · TVL $447M · +0.24 pp 30d | 2.56% | 2.56% + 0.00% | $447M | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
StakeWise V3 · Ethereum · TVL $425M · +0.14 pp 30d | 2.34% | 2.34% + 0.00% | $425M | 1 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Morpho Blue · Base · TVL $391M · 0.00 pp 30d | 4.75% | 0.00% + 4.75% | $391M | 2 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Spark Savings · Arbitrum · TVL $364M · 0.00 pp 30d | 3.60% | 3.60% + 0.00% | $364M | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Centrifuge · Ethereum · TVL $326M · +1.21 pp 30d | 4.46% | 4.46% + 0.00% | $326M | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating | ||
Spark Savings · Ethereum · TVL $315M · 0.00 pp 30d | 3.60% | 3.60% + 0.00% | $315M | 0 of at most 2 flag points in the curated universe — scale 0–13, not a risk rating |
Source: DeFiLlama · Retrieved: Oct 5, 2026, 10:14 AM UTC · Methodology
That time applies to the crypto pools. The RWA pools come from a separate retrieval: Oct 5, 2026, 5:07 AM UTC.
Collateral markets – no yield of their own (82)Deposits that serve as collateral: markets reporting an APY below 0.05%, and staking tokens on lending protocols whose reported supply rate does not include the staking yield. Hidden from the yield comparison, not removed.
Comparison & stress test
Up to 8 saved pools side by side — and what would remain with 25, 50 or 100% less APY.
Watchlist (0 of 8)
No pools saved yet. Use the star in the table to add up to 8 pools here.
Go to the tableStress test
Illustrative yield scenario
The representative is the asset's largest pool by TVL with a yield (APY of at least 0.05%); next to it is the median across all of the asset's pools with a yield.
Not modeled
- Price changes of the asset
- Price of the reward tokens
- Impermanent loss
- Fees (network, protocol)
- Exit costs and slippage
- Taxes
- Losses from failure or attack
Technical calculation
How it is computed
End value = P · (1 + APY)^t
APY = (1 + r/n)^n − 1
r is the nominal annual rate, n the number of compounding periods per year; here n = 365 (daily steps). The APY already contains compounding — which is why the formula with n is not applied to it a second time.
Each scenario applies a fixed share of today's APY over the whole horizon: 100%, 75%, 50% or 0%. The calculation assumes nothing about when or how fast a yield changes.
Figures are shown rounded; the calculation uses unrounded values.
| Series | APY today | End value after 5 years | APY −25% | APY −50% | APY 0% |
|---|---|---|---|---|---|
| Stablecoins (median)Median across 42 pools with a yield | 3.36% | $1,180 | $1,132 | $1,087 | $1,000 |
| Liquid staking (median)Median across 9 pools with a yield | 2.28% | $1,120 | $1,089 | $1,058 | $1,000 |
| RWA (median)Median across 18 pools with a yield | 3.76% | $1,202 | $1,149 | $1,097 | $1,000 |
Projection at today's reported APY — no promise and no forecast. The APY is variable; the scenarios show what would remain if the yield fell by 25%, 50% or entirely. Why the APY is variable
Coverage & methodology
Tracked
APYbase/reward30-day trend (85/86)TVLdata flags (7 factors)
What is not assessed →Going deeper:Open DeFi ExplorerOpen analysis framework
Curated coverage: 168 markets
Source & retrieval
- Primary source
- DeFiLlama
- Last fetch
- Oct 5, 2026, 10:14 AM UTC
- RWA pools (own retrieval)
- Oct 5, 2026, 5:07 AM UTC
- Freshness
Methodology 2.7
Validation status: heuristic — not calibrated, not backtested
Flag points range from 0 to 13; the curated universe holds only pools with at most 2. No class, no ranking, not a risk rating.
Further
Notices
This report describes publicly available data as retrieved at a single point in time. It contains no recommendation, no forecast and no judgment on individual protocols, issuers or products; flag points are a disclosed, unvalidated heuristic.