Best USDX yield
The top-ranked USDX yield is 7.71% APY on Pendle (Ethereum, liquidity pool), risk grade C. Yield on USDX. Several tokens use this ticker, including Axis USDx and Hex Trust's USDX, which are not the Stables Labs USDX that has lost its peg. Each row is graded against its own token's live price.
Live USDX 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
Each Earn link opens the platform’s own page. How we stay neutral.
The top pick, in detail
Yield position
The US Treasury’s rate on Oct 1. This offer is 3.5 percentage points above 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 USDX rate, and the depth supporting it.
- Thin liquidity (under $3M)+2
- Small stablecoin (under $100M in circulation)+2
- Synthetic dollar, backed by a trading strategy (funding-rate & de-peg risk)+2
How this yield works. Provide liquidity to a pool and earn fees plus incentives. Impermanent-loss risk on volatile pairs.
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 USDX yield works
- Liquidity pool
Provide liquidity to a pool and earn fees plus incentives. Impermanent-loss risk on volatile pairs.
- Fixed rate
Lock a fixed yield to maturity. Rate certainty in exchange for a lock-up.
- 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.
- Private credit
Lend to institutional borrowers whose loans are underwritten and enforced off-chain, not by an on-chain liquidation. The yield is their interest; the main risk is borrower default.