A stablecoin sitting in a wallet earns nothing. Supplied to a lending market or a vault it earns the interest borrowers pay, sometimes plus token rewards. The Earn page lists these across EVM networks, Solana and Sui in one place; this guide explains the numbers on the cards.

Where the yield comes from

Lending markets (Aave, Kamino, Jupiter Lend, NAVI): borrowers pay interest on loans backed by their collateral; suppliers receive it. The rate floats with demand.
Vaults (Morpho curators, Kamino vaults and others): a strategy allocates deposits across markets. The curator takes a performance fee, shown in the vault's documentation.
Staking-style products: the yield is the network's own rewards; the lock-up and unbonding time matter more here.

Reading the APY

The number on the card is the total: base APY (interest, paid in the same asset) plus reward APY (incentive tokens, which can stop at any time and whose value moves). A high total built mostly on rewards is more fragile than a modest base rate. APY is annualized from the current rate; it changes daily.

TVL, size and lock-ups

TVL is how much others have deposited. Larger is not safer by itself, but very small pools are easy to drain of liquidity when you want to leave. If a vault has a withdrawal delay, the card says so: your deposit is not instant money.

Depositing from any token

On EVM vaults you can pay with any token on any network: the route swaps, bridges and deposits in one transaction, and the fee line shows the service fee for it. Solana and Sui markets take the asset itself; a swap first is one click away.

Risks that are not on the card

Smart-contract risk of the protocol, depeg risk of the stablecoin, and for bridged stablecoins the bridge itself. Diversify across protocols and chains rather than chasing the top number.

Do it

More guides

Information, not financial advice. Soheil.fi is non-custodial; every transaction is signed in your own wallet.

Earning yield on stablecoins across chains: lending, vaults and what the APY means