USDM DeFi Yields
The highest honest USDM yield right now is 24.96% on mento-v3 (Monad), among 13 pools above the $100K TVL floor. Rates are live from DefiLlama and exclude anomalous (>1000% APY) pools.
13 live pools above the $100K TVL floor · ranked by TVL
USDM's largest live pool is mento-v3 on Monad at 15.50% ($2.01M TVL). 13 USDM pools across 3 chains clear this page's $100K TVL floor, $30.82M in total.
Your idle USDM could earn ~17.27% — park $1.4K and it could run a $20/mo Claude Pro subscription, forever.
See live USDM pools →| Protocol | Chain | APY | TVL |
|---|---|---|---|
| mento-v3 → | Monad | 15.50% | $2.01M |
| minswap-dex → | Cardano | 20.79% | $882.7K |
| mento-v3 → | Monad | 23.09% | $675.7K |
| mento-v3 → | Monad | 24.96% | $623.7K |
| aave-v3 → | MegaETH | 6.10% | $454.2K |
| mento-v3 → | Monad | 12.03% | $375.7K |
| liqwid → | Cardano | 19.03% | $295.1K |
| minswap-dex → | Cardano | 9.55% | $179.3K |
Rate stability from APY history
Based on APY history only, USDM's lower-variability candidates are aave-v3 (MegaETH), 6.10% APY, $454.2K TVL, https://www.defi.garden/?pool=5c994437-94bf-4c96-a4c1-5b8ae446dfd0&src=seo_token; mento-v3 (Monad), 24.96% APY, $623.7K TVL, https://www.defi.garden/?pool=51f3ee86-2dd5-41e7-951c-c8c27165abbf&src=seo_token; mento-v3 (Monad), 23.09% APY, $675.7K TVL, https://www.defi.garden/?pool=85dded37-c55d-4b2c-aca1-a136854bec51&src=seo_token; minswap-dex (Cardano), 9.55% APY, $179.3K TVL, https://www.defi.garden/?pool=652db127-c17b-4ebb-a133-38becb741151&src=seo_token; mento-v3 (Monad), 15.50% APY, $2.01M TVL, https://www.defi.garden/?pool=ce74b9e0-376d-45ea-b1a4-362de60c12ce&src=seo_token; liqwid (Cardano), 19.03% APY, $295.1K TVL, https://www.defi.garden/?pool=ce3021c9-af52-46b0-a61a-3e92acdfd79b&src=seo_token; mento-v3 (Monad), 12.03% APY, $375.7K TVL, https://www.defi.garden/?pool=b4fe9dc1-d635-4d15-8a4f-0a38e880e572&src=seo_token; minswap-dex (Cardano), 20.79% APY, $882.7K TVL, https://www.defi.garden/?pool=d66c9dc4-6ce4-41ba-b446-edb89e19cce6&src=seo_token. This comparison does not measure protocol, exploit, depeg, liquidity, governance, or principal-loss risk.
| Rank | Protocol | Chain | APY | TVL |
|---|---|---|---|---|
| 1 | aave-v3 → | MegaETH | 6.10% | $454.2K |
| 2 | mento-v3 → | Monad | 24.96% | $623.7K |
| 3 | mento-v3 → | Monad | 23.09% | $675.7K |
| 4 | minswap-dex → | Cardano | 9.55% | $179.3K |
| 5 | mento-v3 → | Monad | 15.50% | $2.01M |
| 6 | liqwid → | Cardano | 19.03% | $295.1K |
| 7 | mento-v3 → | Monad | 12.03% | $375.7K |
| 8 | minswap-dex → | Cardano | 20.79% | $882.7K |
How this rate has behaved
USDM shows up in 8 pools here, with rates from 6.10% to 24.96% APY across 3 chains — the rate depends on which protocol and chain you pick, not just the token.
8 of these 8 pools have a trustworthy 30-day average on file, with a median of 14.62% — a useful check against today's number for whether the rate is steady or just having a good day.
6 of 8 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.
2 of 8 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 |
|---|---|---|---|
| mento-v3 | 15.50% | 15.81% | 97.66% incentives |
| minswap-dex | 20.79% | 29.74% | 42.09% incentives |
| mento-v3 | 23.09% | 21.93% | 97.29% incentives |
| mento-v3 | 24.96% | 24.09% | 97.54% incentives |
| aave-v3 | 6.10% | 5.42% | Base rate |
| mento-v3 | 12.03% | 13.42% | 83.96% incentives |
| liqwid | 19.03% | 13.36% | Base rate |
| minswap-dex | 9.55% | 11.40% | 64.08% 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 USDM yield today?
24.96% APY on mento-v3 (Monad), based on live DefiLlama data.
How many USDM pools clear the TVL floor?
13 live pools clear this page's $100K TVL floor, $30.82M 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 USDM pools have the most stable APY history?
Based on APY history only, USDM's lower-variability candidates are aave-v3 (MegaETH), 6.10% APY, $454.2K TVL, https://www.defi.garden/?pool=5c994437-94bf-4c96-a4c1-5b8ae446dfd0&src=seo_token; mento-v3 (Monad), 24.96% APY, $623.7K TVL, https://www.defi.garden/?pool=51f3ee86-2dd5-41e7-951c-c8c27165abbf&src=seo_token; mento-v3 (Monad), 23.09% APY, $675.7K TVL, https://www.defi.garden/?pool=85dded37-c55d-4b2c-aca1-a136854bec51&src=seo_token; minswap-dex (Cardano), 9.55% APY, $179.3K TVL, https://www.defi.garden/?pool=652db127-c17b-4ebb-a133-38becb741151&src=seo_token; mento-v3 (Monad), 15.50% APY, $2.01M TVL, https://www.defi.garden/?pool=ce74b9e0-376d-45ea-b1a4-362de60c12ce&src=seo_token; liqwid (Cardano), 19.03% APY, $295.1K TVL, https://www.defi.garden/?pool=ce3021c9-af52-46b0-a61a-3e92acdfd79b&src=seo_token; mento-v3 (Monad), 12.03% APY, $375.7K TVL, https://www.defi.garden/?pool=b4fe9dc1-d635-4d15-8a4f-0a38e880e572&src=seo_token; minswap-dex (Cardano), 20.79% APY, $882.7K TVL, https://www.defi.garden/?pool=d66c9dc4-6ce4-41ba-b446-edb89e19cce6&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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