MUSD DeFi Yields
The highest honest MUSD yield right now is 5.97% on aave-v3 (Monad), among 7 pools above the $100K TVL floor. Rates are live from DefiLlama and exclude anomalous (>1000% APY) pools.
7 live pools above the $100K TVL floor · ranked by TVL
MUSD's largest live pool is uniswap-v4 on Ethereum at 0.02% ($2.49M TVL). 7 MUSD pools across 3 chains clear this page's $100K TVL floor, $7.25M in total.
Your idle MUSD could earn ~3.63% — park $6.6K and it could run a $20/mo Claude Pro subscription, forever.
See live MUSD pools →| Protocol | Chain | APY | TVL |
|---|---|---|---|
| uniswap-v4 → | Ethereum | 0.02% | $2.49M |
| aave-v3 → | Monad | 5.97% | $1.53M |
| aerodrome-slipstream → | Base | 3.08% | $1.22M |
| curve-dex → | Ethereum | 113.85% | $669.4K |
| curve-dex → | Ethereum | 2.24% | $645.7K |
| convex-finance → | Ethereum | 113.85% | $573K |
| convex-finance → | Ethereum | 3.63% | $117.3K |
Rate stability from APY history
Based on APY history only, MUSD's lower-variability candidates are uniswap-v4 (Ethereum), 0.02% APY, $2.49M TVL, https://www.defi.garden/?pool=eac3b5f8-d620-47d6-9f6c-d984d3e653c1&src=seo_token; curve-dex (Ethereum), 113.85% APY, $669.4K TVL, https://www.defi.garden/?pool=982fdfd1-caa6-4752-8a2c-c19d13b6cb2c&src=seo_token; aave-v3 (Monad), 5.97% APY, $1.53M TVL, https://www.defi.garden/?pool=b5ca474e-8117-55d5-982b-78421f845abf&src=seo_token; convex-finance (Ethereum), 113.85% APY, $573K TVL, https://www.defi.garden/?pool=ac7e57a2-9755-4d17-8f1d-6d898ee88257&src=seo_token; curve-dex (Ethereum), 2.24% APY, $645.7K TVL, https://www.defi.garden/?pool=c27e64f8-21d5-47a5-be7a-7d6382eb43a8&src=seo_token; convex-finance (Ethereum), 3.63% APY, $117.3K TVL, https://www.defi.garden/?pool=7d067063-da6e-4f27-b948-44bc0657b643&src=seo_token; aerodrome-slipstream (Base), 3.08% APY, $1.22M TVL, https://www.defi.garden/?pool=ccf4821e-9aec-4aaa-aeaa-7914af0ed6c1&src=seo_token. This comparison does not measure protocol, exploit, depeg, liquidity, governance, or principal-loss risk.
| Rank | Protocol | Chain | APY | TVL |
|---|---|---|---|---|
| 1 | uniswap-v4 → | Ethereum | 0.02% | $2.49M |
| 2 | curve-dex → | Ethereum | 113.85% | $669.4K |
| 3 | aave-v3 → | Monad | 5.97% | $1.53M |
| 4 | convex-finance → | Ethereum | 113.85% | $573K |
| 5 | curve-dex → | Ethereum | 2.24% | $645.7K |
| 6 | convex-finance → | Ethereum | 3.63% | $117.3K |
| 7 | aerodrome-slipstream → | Base | 3.08% | $1.22M |
How this rate has behaved
MUSD shows up in 7 pools here, with rates from 0.02% to 113.85% APY across 3 chains — the rate depends on which protocol and chain you pick, not just the token.
7 of these 7 pools have a trustworthy 30-day average on file, with a median of 2.62% — a useful check against today's number for whether the rate is steady or just having a good day.
4 of 7 pools blend in incentive or reward APY on top of the base rate. Incentive yield decays over time as reward programs run down — the base rate is the more durable number.
3 of 7 pools carry impermanent-loss risk, meaning a two-sided position can lose value against just holding, even while it earns yield.
| Protocol | APY | 30d Mean APY | Yield mix |
|---|---|---|---|
| uniswap-v4 | 0.02% | 0.02% | Base rate |
| aave-v3 | 5.97% | 5.99% | 58.40% incentives |
| aerodrome-slipstream | 3.08% | 3.70% | 94.98% incentives |
| curve-dex | 113.85% | 2.62% | Base rate |
| curve-dex | 2.24% | 1.29% | 88.37% incentives |
| convex-finance | 113.85% | 2.79% | Base rate |
| convex-finance | 3.63% | 2.11% | 92.83% incentives |
The 30-day average comes straight from DefiLlama and only appears when it passes the same sanity rail as every other number on this page — a dash means it didn't clear that bar, not that it's being hidden. Every pool here already clears a $100K minimum TVL. Rates move daily, so treat this as a snapshot, not a promise.
Frequently asked questions
What's the highest MUSD yield today?
5.97% APY on aave-v3 (Monad), based on live DefiLlama data.
How many MUSD pools clear the TVL floor?
7 live pools clear this page's $100K TVL floor, $7.25M in total.
Are these rates safe?
Pools listed on this page clear a $100K minimum TVL and exclude anomalous (>1000% APY) rates — that is this page's listing bar, not a safety guarantee. This is education, not financial advice; DeFi carries smart-contract and market risk regardless of the rate shown.
Which MUSD pools have the most stable APY history?
Based on APY history only, MUSD's lower-variability candidates are uniswap-v4 (Ethereum), 0.02% APY, $2.49M TVL, https://www.defi.garden/?pool=eac3b5f8-d620-47d6-9f6c-d984d3e653c1&src=seo_token; curve-dex (Ethereum), 113.85% APY, $669.4K TVL, https://www.defi.garden/?pool=982fdfd1-caa6-4752-8a2c-c19d13b6cb2c&src=seo_token; aave-v3 (Monad), 5.97% APY, $1.53M TVL, https://www.defi.garden/?pool=b5ca474e-8117-55d5-982b-78421f845abf&src=seo_token; convex-finance (Ethereum), 113.85% APY, $573K TVL, https://www.defi.garden/?pool=ac7e57a2-9755-4d17-8f1d-6d898ee88257&src=seo_token; curve-dex (Ethereum), 2.24% APY, $645.7K TVL, https://www.defi.garden/?pool=c27e64f8-21d5-47a5-be7a-7d6382eb43a8&src=seo_token; convex-finance (Ethereum), 3.63% APY, $117.3K TVL, https://www.defi.garden/?pool=7d067063-da6e-4f27-b948-44bc0657b643&src=seo_token; aerodrome-slipstream (Base), 3.08% APY, $1.22M TVL, https://www.defi.garden/?pool=ccf4821e-9aec-4aaa-aeaa-7914af0ed6c1&src=seo_token. This comparison does not measure protocol, exploit, depeg, liquidity, governance, or principal-loss risk.
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Yields are live from DefiLlama. Pools on this page clear a $100K minimum TVL and exclude anomalous rates — that's this page's listing bar, not a safety guarantee. Education only, not financial advice.
Last updated September 2, 2026
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