SMUSD DeFi Yields
The highest honest SMUSD yield right now is 2.45% on mezo-vaults (Mezo), among 2 pools above the $100K TVL floor. Rates are live from DefiLlama and exclude anomalous (>1000% APY) pools.
2 live pools above the $100K TVL floor · ranked by TVL
SMUSD's largest live pool is mezo-vaults on Mezo at 2.45% ($5.45M TVL). 2 SMUSD pools across 1 chain clear this page's $100K TVL floor, $7.52M in total.
Your idle SMUSD could earn ~1.39% — park $17.3K and it could run a $20/mo Claude Pro subscription, forever.
See live SMUSD pools →| Protocol | Chain | APY | TVL |
|---|---|---|---|
| mezo-vaults → | Mezo | 2.45% | $5.45M |
| mezo-vaults → | Mezo | 0.32% | $2.07M |
Rate stability from APY history
Based on APY history only, SMUSD's lower-variability candidates are mezo-vaults (Mezo), 0.32% APY, $2.07M TVL, https://www.defi.garden/?pool=515e257a-3a9c-418b-93fc-acabf4021905&src=seo_token; mezo-vaults (Mezo), 2.45% APY, $5.45M TVL, https://www.defi.garden/?pool=3331548c-0ff8-40b6-8502-8260623a37df&src=seo_token. This comparison does not measure protocol, exploit, depeg, liquidity, governance, or principal-loss risk.
| Rank | Protocol | Chain | APY | TVL |
|---|---|---|---|---|
| 1 | mezo-vaults → | Mezo | 0.32% | $2.07M |
| 2 | mezo-vaults → | Mezo | 2.45% | $5.45M |
How this rate has behaved
SMUSD shows up in 2 pools here, with rates from 0.32% to 2.45% APY across 1 chains — the rate depends on which protocol and chain you pick, not just the token.
2 of these 2 pools have a trustworthy 30-day average on file, with a median of 1.44% — a useful check against today's number for whether the rate is steady or just having a good day.
1 of 2 pools blends 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.
| Protocol | APY | 30d Mean APY | Yield mix |
|---|---|---|---|
| mezo-vaults | 2.45% | 2.27% | 100.00% incentives |
| mezo-vaults | 0.32% | 0.62% | Base rate |
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 SMUSD yield today?
2.45% APY on mezo-vaults (Mezo), based on live DefiLlama data.
How many SMUSD pools clear the TVL floor?
2 live pools clear this page's $100K TVL floor, $7.52M 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 SMUSD pools have the most stable APY history?
Based on APY history only, SMUSD's lower-variability candidates are mezo-vaults (Mezo), 0.32% APY, $2.07M TVL, https://www.defi.garden/?pool=515e257a-3a9c-418b-93fc-acabf4021905&src=seo_token; mezo-vaults (Mezo), 2.45% APY, $5.45M TVL, https://www.defi.garden/?pool=3331548c-0ff8-40b6-8502-8260623a37df&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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