Best USDf yield
The top-ranked USDf yield is 3.89% APY on Falcon Finance (Ethereum, synthetic dollar), risk grade B. Yield on Falcon Finance's overcollateralized USDf and staked sUSDf, ranked live with risk shown.
Live USDf yields
Ranked by rate and risk together. Grades run from A (lowest risk) to D (highest). We may earn commissions; they never change the order. Capital is at risk. Not financial advice. How we rank
Ethereum · sUSDf · ERC-4626: USDf → sUSDf · Synthetic dollar
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The top pick, in detail
Yield position
The US Treasury’s rate on Oct 1. This offer is 0.3 percentage points below it. Tokenized Treasury funds in our feed report a median of about 3.53% across 9 products. Similar yields do not imply similar risks. Fees, custody and redemption terms differ.
How the benchmark is sourcedRisk & durability
The risk behind the top USDf rate, and the depth supporting it.
- Synthetic-dollar / basis strategy (funding-rate & de-peg risk)+2
How this yield works. A synthetic-dollar or basis strategy: yield comes from perpetual-funding and staking, not lending. Funding-rate, negative-carry and de-peg risk.
The risk grade is a transparent read of incentive reliance, pool depth, peg health and prior incidents, not a guarantee. The 30-day average summarizes reported rates, not realized returns: when today’s APY sits far above it, the yield is likely incentive-driven and tends to fall back.
How each kind of USDf yield works
- Synthetic dollar
A synthetic-dollar or basis strategy: yield comes from perpetual-funding and staking, not lending. Funding-rate, negative-carry and de-peg risk.
- Yield vault
An automated strategy that compounds yield on your behalf. Non-custodial; strategy and contract risk.