TOP FIVE 20%+ APY STABLE FARMS

Summary from the TLDR Crypto newsletter

High-yield stablecoin strategies include Reservoir's wsrUSD/USDC loop on Morpho delivering 21.21% net APR from 8.25% collateral yield minus 6.81% borrow cost with $17.64 million available liquidity plus Season 2 points, Maple Finance on Arbitrum offering 20.5% net from 6.73% collateral yield minus 5.2% borrow cost with $18.57 million liquidity plus Drips rewards, and Stream DeFi LPing xUSD with Euler-lent USDT on Plasma for 23% APR plus Stream Points without leverage exposure. Additional opportunities include Avant Protocol on Avalanche with senior tranches exceeding 20% APR that can be leveraged on Euler for higher returns, and Pendle's short-dated AIDaUSDC Principal Tokens delivering 30% actual APR with 1% ROI on $100k deposits, though cap is hit, requiring purchases around peg on secondary markets.