Welcome to Yields of the Week! Every week, we spotlight the top DeFi yields across the crypto landscape, focusing on opportunities that are not just the highest APYs but also sustainable risk-adjusted opportunities. Whether you're new to DeFi or a seasoned degen, our goal is to help you navigate the yield farming space with confidence. Let’s dive into this week’s picks!

USDC 30 day benchmark rate on Aave: 2.12% (down from 2.44% last week)

Here’s the top yielding stablecoin vaults (real yields) for the past 30 days:

Checking in on Stablewatch to see the 7-day TVL changes.

This week the top movers were Ondo (USDY) +42.4% Upshift (core USDC) +35.4% and Sky (sUSDS) +24.6%.

The most shocking moves of the week are seeing Ondo and Sky being in the top 3 and having such meaningful TVL appreciations while sitting on such large capital bases.

Nothing conclusive here, just things I like to check in on every week:

ETH 30 day benchmark rate on Aave: 2.18% (down from 2.30% last week)

Here’s the top yielding ETH vaults (real yields) for the past 30 days:

Reinsurance continues to offer some of the more consistent yield opportunities in DeFi. As always, everyone should do their own due diligence to determine whether these yields fit their personal risk tolerance. That said, it’s encouraging to see new sources of yield like this coming onchain.

DeFi Dad wrote more about both Re and onRe here:

Additionally, Sam Schubert of Blockworks wrote a great article outlining more of the details around Re and onRe, especially when it comes to liquidity and redemption mechanics:

Interesting thought experiment:

My answer is no btw. I don’t even think its worth trying to do the mental gymnastics around “but what if you just allocate a small amount”. I think you’re better off investing in BTC, HYPE or ETH if this is the known tradeoff. However, I still like this question and the mental exercise.

Personally it makes me question the risks of chasing 5 - 10% yields and begs the question “is it worth it”. The answer here of course is nuanced and it always depends on a number of factors. Basically, every opportunity has to have its own isolated risk assessment.

There’s some speculation in the comments of his tweet about who he’s talking about, but I wasn’t sure so didn’t want to put that protocol in here without knowing for certain.

This one is a new one on my radar and always approach anything new with a healthy amount of skepticism and caution. I like writing about new DeFi but of course new DeFi always feels inherently more risky until it gets tested for longer durations in the wild.

Right now the main thing live in the RAAC ecosystem is RWf(x), which is their RWA-backed stable asset. The idea is to bring real world collateral like gold and other commodities onchain and use it as the base layer for a DeFi lending system. RWf(x) acts as the primitive that plugs these assets into the protocol. Users deposit collateral into vaults, the system tracks the value through oracle feeds, and those assets can then be used inside RAAC’s lending and liquidity layers. As far as I can tell, the commodity-backed RWf(x) side is what’s actually live today ($137M in TVL), while the team plans to expand this framework to other RWAs like real estate over time.

Precious Metal USD (pmUSD) is backed by gold and other precious metals:

So far, the RAAC team has done a good job of incentivizing Curve pools to attract a solid liquidity base. If you’re already in the curve ecosystem these pmUSD pairs are some of the higher stable yields I can find on the platform right now:

The main risk profile that I see is pretty similar to most RWA protocols. The crypto rails themselves can work perfectly, but everything still depends on the real world inputs. That means trusting the custody and verification of the underlying assets, the price feeds that bring those values onchain, and the legal structure tying the collateral to the protocol. If those pieces are solid, the model can work well. If they aren’t, the onchain system won’t reflect the real value of what’s backing it. From what I can tell the project provides fairly detailed documentation and audited components, which is good to see. But like most RWA strategies, the biggest risks still sit offchain around how the collateral is sourced, verified, and managed. That said, I haven’t gone through every page of the documentation with a fine tooth comb. I focused on the key sections to get a solid overall sense of what RAAC is building.

Yearn is building a yield bearing stablecoin called yvUSD and the asset selection here on first glance is really top notch.

If they can achieve 8% with such strong backing that is interesting. Also, I wonder what the locked portion will look like?

They’ve also hinted that yvBTC will be coming soon:

Lastly, nothing offchain, you truly love to see it:

Quick update on Neutrl, we’ve written about them a lot over the past many months and recently they announced a new redemption pathway for sNUSD stakers that need liquidity in a hurry and don’t want to wait for the 10 day period:

Taking a look at the front page of Stablecoin yields and RWA yields this week on Pendle:

Stablecoins

RWA

Many VCs and crypto talking heads have been calling RWA looping as one of the biggest trends for 2026.

Sonya Kim is actually building a protocol around this exact use case, designed to remove the frictions involved and pave the way for RWAs and tokenized funds to be leveraged with ease.

She breaks down the problems with the current tooling and status quo and what 3F Labs is doing to address them:

That’s all for now, thanks for checking it out!

DISCLAIMER: Nothing written in The Edge Newsletter or said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed in our content are solely the opinion of that writer, host, or guest. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this content.