High APY returns, amidst unstable market conditions, let's take a look at these 7 new stablecoin pools.

Make sure to see the last one.

Written by: Rhythm

The bull market has arrived, and all yield mechanisms are expanding the interest rate spread driven by the bullish sentiment, with stablecoin deposits and lending also bringing "steady happiness." BlockBeats has compiled seven mainstream stablecoin "high APR pools," all with an APY exceeding 10%, and will introduce them one by one:

Huma Finance

Huma Finance is a decentralized yield platform running on Solana, with its yield sources tied to real payment financing activities. It will launch in April 2025 and has recently reopened deposits for Huma 2.0.

Users can mint LP share tokens by depositing USDC: in Classic mode, it is $PST, which allows for an annualized return of approximately 10.5% in USDC and simultaneously obtain basic Huma Feathers; in Maxi mode, it is $mPST, which no longer accrues interest but enjoys a reward multiplier of up to 19× in Feathers. Each mode caters to different needs, and each wallet can deposit a maximum of 500,000 USDC.

According to the official Dune dashboard, since the launch of Huma 2.0, it has facilitated approximately $5.62 billion in trading volume, bringing users a total profit of about $4.592 million, and distributing 2.66 billion Feathers. Currently, the entire platform has approximately $150 million in active liquidity, of which about $104 million is allocated to PayFi (payment financing) services, while the remaining $46.015 million is in a Liquid state that can be redeemed at any time.

Silo Finance

Silo Finance is a cross-chain deployed "risk-isolated" non-custodial lending protocol: each asset has its own independent market (Silo), with fund supply and borrowing not interfering with each other, and risks divided by asset. Users simply need to deposit supported tokens (such as USDC, ETH, WBTC, etc.) into the corresponding Silo to automatically earn interest according to market parameters.

According to DeFiLlama data, as of now, Silo Finance's overall TVL is approximately $228 million, distributed across chains such as Sonic ($113 million), Avalanche ($46.2 million), Ethereum ($44.4 million), and Arbitrum ($23.53 million). Selecting the Managed Vault for USDC, it can be seen that Silo Finance currently offers an APY of 7%-13%.

BFUSD

BFUSD is a "margin asset that earns passive income" launched by Binance, designed specifically for futures traders. Users can exchange USDT or USDC for BFUSD at a 1:1 ratio and store it in their U-based contract account, allowing them to automatically receive daily earnings in the form of stablecoins without the need for staking or additional actions.

According to the official page, the sources of income for BFUSD are mainly divided into three parts: the Base APY is 3.97%, which comes from dividends generated by Binance's hedging trades and staking strategies; the Derived APY is 4.89%, which comes from the additional income distribution of BFUSD under the joint margin model, requiring holders to conduct at least one U-denominated contract trade to activate; the Wealth Management APY is 0.40%, which comes from the income allocation of Binance's wealth management products. When combined, the comprehensive annualized return for holding BFUSD is approximately 9.26%.

In terms of risk control, BFUSD has a system collateral rate of 100.87%, and Binance has allocated a special reserve of $10.34 million to ensure payout capability during extreme market fluctuations. In addition, the total supply of BFUSD is approximately 1.435 billion, and the quota will be allocated based on the user's VIP level; if a higher quota is needed, additional allocation can be obtained by opening a sub-account.

A fee of 0.1% will be charged by the platform each time BFUSD is purchased or redeemed. Rewards are calculated based on the "minimum BFUSD balance in the daily snapshot" and will be directly credited to the user's U-denominated contract account the next day. Users can view the details in the "reward record."

Orderly

Orderly officially launched OmniVault on April 15, 2025, with a market-making strategy managed by the professional market maker Kronos Research. Users only need to connect their wallets, choose a network (such as Arbitrum, Base, Optimism, etc.), and deposit USDC into the Vault with one click to start earning fee sharing and market-making profits.

As of August 4, 2025, the TVL of OmniVault has exceeded $7.9M, with an annualized yield of 39.15% APY over the past 30 days, and no performance fee (Performance fee 0%). All earnings are automatically reinvested according to shares, and the share price is settled once at the end of each 3-hour Vault cycle.

In addition, the Orderly protocol promises to allocate up to 40% of its protocol revenue along with a portion of the clearing fund fees to OmniVault, aimed at enhancing the overall returns for LPs.

StandX

StandX is a Perps DEX currently in the Alpha testing phase, co-founded by former Binance futures head Aaron Gong and his former colleagues at Goldman Sachs, with funding from the Solana Foundation. In addition, StandX's core product is DUSD, which allows users to mint DUSD 1:1 using USDT or USDC.

In the "Deposit USDT to Mint DUSD" interface of StandX, you can directly select the asset to deposit (such as USDT) in the input box and fill in the amount. The system will instantly display how much DUSD you will receive. The current strategy calculates an annualized yield: APY of 10.6%. A redemption fee of only 0.1% is charged.

Holding DUSD allows you to enjoy two major sources of income simultaneously: one is the staking yield from mainstream assets like ETH and SOL, and the other is the funding fee income from hedging short-term perpetual contracts. The instant annualized yield of DUSD once approached 13%, but the seven-day average shown on the official website is about 7.5%.

Wasabi

Wasabi Protocol is a "CultureFi" leveraged trading platform established in 2022, initially focused on leveraged long and short strategies for niche assets such as NFTs and memecoins, and later expanded its business to a broader range of DeFi leverage and market-making fields. Investors include: Electric Capital, Alliance DAO, and Memeland.

Wasabi Protocol launched Wasabi Earn on the Base network. Open Finance in the Coinbase Base App, select Wasabi Earn, and with one click, deposit USDC to automatically start enjoying an annual yield of up to 20%.

This part of the revenue comes from the on-chain leveraged trading strategy behind Wasabi: your USDC will be used as liquidity for up to 456 trading pairs, funding market making and leveraged lending, with the interest paid by borrowers ultimately returned to depositors. So far, it has supported a total trading volume of $1.23 B, with a cumulative TVL reaching $23.8 M.

Wildcat-KAI2USDC

Wildcat Labs was established in 2022 and is headquartered in the UK. It is a "risk isolation" uncollateralized lending protocol, where each market (Silo) operates independently to prevent liquidations or vulnerabilities from spreading between different markets. As of now, Wildcat has accumulated over 5 different asset markets on mainnets such as Ethereum, with a total TVL exceeding $70 million (among which the latest USDC market has also surpassed $2.1 million in lending volume).

On August 1, 2025, Bodhi Ventures—a Web3 venture capital firm led by Kain Warwick, founder of Synthetix and co-founder of Infinex—opened its third USDC market on Wildcat, publicly seeking a quota of 10 million USDC, with a base lending APR locked at 16%, and the market being open-ended with no expiration date.

Users are not required to meet a minimum deposit threshold; any address that completes the OFAC verification can deposit USDC. After the funds are deposited, a freely tradable debt certificate "KAI2USDC" will be minted. Currently, $2 million of the quota has been used, with a remaining $7.8 million USDC quota, and 78 hours left. Withdrawals follow a 96-hour withdrawal cycle and a maximum 192-hour grace period, with a redemption fee of only 0.1%; overdue interest is 0.1%.

Aave

Last week, Ethena Liquid Leverage launched on Aave, and with the widening gap between APY driven by the bull market and lending rates, the short-term APY for circular lending on AAVE can reach as high as 50%.

By depositing 50% sUSDe and 50% USDe into Aave's stablecoin E-Mode, you can borrow USDC or USDT, then exchange the borrowed stablecoins back to USDe, deposit again and borrow once more, and repeat this process. Each completed cycle will yield an additional native yield of sUSDe and a funding fee difference of USDe.

As of now, the common funding fee (Borrow APR) in the market is around 11%, while the basic annual yield (Supply APR) for directly depositing USDe/sUSDe is about 12%, resulting in a yield spread of approximately 7%. Theoretically, after five cycles, it can achieve: 12% + 4 × (12% – 5%)'s 40% APY. Additionally, with Ethena's extra rewards for Liquid Leverage (currently providing subsidies until the end of August), the short-term peak APY can be pushed up to around 50%, but this will only last until the end of this month, and it is expected to drop significantly after the subsidies end.