DeFi vs TradFi Yields
Compare DeFi stablecoin yields with traditional risk-free rates
Current Yield Comparison
USDC on Aave V3
Spread
3-Month T-Bill
DeFi currently offers 0.00% more yield, reflecting smart contract risk premium.
Current Spread
Aave USDC minus 3M T-Bill. Positive = DeFi pays more.
18-Month Average
Historical benchmark
Long-term average spread for Aave USDC vs 3M T-Bill.
Peak Spread
Highest recorded spread. Occurred during high DeFi demand or low rates.
Lowest Spread
Lowest recorded spread. Negative means TradFi paid more.
Historical Yields
DeFi protocol yields vs. traditional rates over time
Utilization Rates
Borrowed / Supplied — explains rate movements
Why utilization matters: When utilization exceeds the optimal rate (~92%), interest rates increase sharply to incentivize more deposits. High utilization = higher yields but less liquidity.
Note: Morpho is not shown here because it's a vault aggregator, not a direct lending pool. Vaults don't have traditional borrow/supply utilization metrics.
DeFi Yields
Current stablecoin lending rates
| Asset | Protocol | Current APY | Spread |
|---|---|---|---|
Positive spread = DeFi yields above risk-free rate (with smart contract risk)
Total Value Locked
Capital deposited in lending pools
$0K
Selected pools TVL
Why TVL matters: Higher TVL generally indicates more trust in a protocol. TVL changes can also affect yields - more deposits typically lower rates as supply increases.