Lend
Fluid · Mainnet
Frequently Asked Questions
What is the current APY for Lend?
The current spot APY for Lend on Fluid (Mainnet) is 2.85%. The 30-day average APY is 2.76%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Lend?
The total value locked (TVL) in Lend is $125.6M. TVL measures the total USDT assets currently deposited in this vault.
Does the Lend yield include token rewards?
No. Earnbase tracks on-chain APY only, derived from the vault's exchange rate changes over time. External incentives, token rewards, points programs, and liquidity mining bonuses are not included in the reported APY.
Which network is Lend deployed on?
Lend is deployed on Mainnet. Network choice affects transaction costs, settlement speed, and which protocols are available. On-chain APY figures on Earnbase are calculated from exchange rate data on Mainnet directly.
Compare with Other USDT Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| DeltaUSD | Lagoon | Mainnet | 14.40% | $658.3K |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 9.50% | $456.1K |
| K3 Leveraged syrupUSDT Strategy | IPOR Fusion | Mainnet | 6.17% | $579.4K |
| Lend | Flux Finance | Mainnet | 4.55% | $1.7M |
| Smokehouse USDT | Morpho | Mainnet | 4.17% | $39.4M |
| DAMM Stablecoin Fund | Lagoon | Arbitrum | 3.87% | $1.9M |
| Fluid Autocompounder | Harvest | Mainnet | 3.60% | $180.6K |
| USDT | Morpho | Mainnet | 3.52% | $139.3M |
| USDT Prime | Morpho | Mainnet | 3.52% | $14.9M |
| Vault 1 | Yearn | Mainnet | 3.38% | $7.6M |
More Fluid Strategies
Lend
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Yield Overview
Lend is a USDT yield strategy on Fluid (Mainnet). It currently generates 2.85% APY (24h) with a 30-day average of 2.76%. The vault holds $125.6M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Fluid · Mainnet
Market Benchmarking
Within the USDT ecosystem, this product ranks #16 out of 26 strategies. Its 2.85% yield is 11.1% lower than the market average of 3.20%.
How Lend Compares
Lend currently ranks #16 among 26 monitored USDT strategies. However, with a TVL of $125.6M, it holds significantly less capital than higher-TVL alternatives like V3 ($1.37B).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 10.1% lower than the network average for USDT strategies. By TVL, this product ranks #3 of 23 USDT strategies on Mainnet.
About Fluid
Fluid is a lending and borrowing protocol designed for capital efficiency. Earnbase tracks 9 strategies on Fluid.
USDT on Mainnet#13 of 23
Yield Sustainability
The 24h APY of 2.85% is nearly identical to the 30-day mean, with only a 3.4% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
Lend has been on a 2-day downward streak, with APY falling from 3.08% to 3.04% over this period. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have declined by 27.6%. The strongest 7-day period was Mar 21–Mar 27 averaging 4.05%, while the weakest was Mar 07–Mar 13 at 2.06%. Current 24h APY of 2.85% is 1.0% below the product's own 30-day average.
Weekly yields have declined for 1 consecutive week. The most recent 7-day average stands at 2.93%.
Weekly Breakdown
Historical APY Statistics
Over the past 122 days, Lend's yield has shown a downward trend, with yields compressing from 3.16% to 2.68%, a 15.3% decline. The sustainability score of 96/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 122 days, Lend's total value locked has experienced a contraction, declining from $211.1M to $132.4M, a 37.3% reduction.
History
FAQ
Yield & Performance
Lend on Fluid offers a 24-hour APY of 2.85%, a 30-day average of 2.76% on USDT. Yields are variable and update daily based on protocol activity.
Lend ranks #16 out of 26 monitored USDT strategies. Its current yield of 2.85% is 11.1% below the market average of 3.20%.
Earnbase rates the yield sustainability of Lend at 96/100, classified as "Very Stable". The 24h APY of 2.85% is nearly identical to the 30-day mean, with only a 3.4% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 122 days, Lend has shown a downward yield trajectory. The average APY moved from 3.16% to 2.68%.
Lend has a yield volatility rating of "Moderate" (standard deviation: 0.74pp over 122 days). The APY has ranged from 1.39% to 5.81% in the tracked period, with an average of 2.75%.
Liquidity & TVL
Lend currently has a total value locked (TVL) of $125.6M in USDT deposits.
Lend holds $125.6M in USDT deposits. Across all 26 tracked USDT strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $125.6M places it within the broader spectrum of USDT opportunities tracked on Earnbase.
By total value locked, Lend ranks #3 of 23 USDT strategies on Mainnet. It currently holds $125.6M.
Lend's TVL is currently declining. Over the past 122 days, TVL moved from $211.1M to $132.4M, a -37.3% change. The 30-day high was $253.3M and the 30-day low was $103.6M.
Despite rising yields, capital has been flowing out. This may indicate concerns about sustainability or broader market rotation. In general, rising TVL in a lending vault can compress yields as more capital competes for the same borrow demand.
Over the past 30 days, Lend had 14 days of inflows and 13 days of outflows. The largest single-day inflow was +$10.0M (Mar 31, 2026) and the largest outflow was -$28.5M (Mar 22, 2026). Net 30-day TVL change: -8.3%.
Strategy & Access
Lend operates on the Mainnet network and is managed by Fluid. It accepts USDT deposits.
To deposit into Lend, you need USDT tokens on the Mainnet network. Visit the Fluid platform directly to connect your wallet and make a deposit.
Lend ranks among 23 monitored USDT strategies on Mainnet. Its yield of 2.85% is 10.1% below the Mainnet average of 3.17%.
Lend is deployed on Fluid's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Fluid is the DeFi protocol infrastructure that Lend operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Mainnet network.
For illustrative purposes only. Based on the current 2.85% on-chain APY for USDT. Does not include external incentives. Past performance does not guarantee future results. Actual returns may vary.
This page provides informational data aggregated from on-chain sources and is not financial advice. Always verify data directly with Fluid before depositing.
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