Lend
Fluid · Mainnet
Frequently Asked Questions
What is the current APY for Lend?
The current spot APY for Lend on Fluid (Mainnet) is 2.27%. The 30-day average APY is 3.46%. 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 $131.3M. 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 | 9.84% | $1.1M |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 9.25% | $1.1M |
| DAMM Stablecoin Fund | Lagoon | Arbitrum | 5.77% | $1.7M |
| K3 Leveraged syrupUSDT Strategy | IPOR Fusion | Mainnet | 5.47% | $59.7K |
| USDT | Morpho | Mainnet | 4.93% | $117.0M |
| USDT Prime | Morpho | Mainnet | 4.89% | $6.6M |
| USDT Prime V2 | Morpho | Ethereum | 4.84% | $502.8K |
| Lend | Flux Finance | Mainnet | 4.58% | $1.7M |
| Smokehouse USDT | Morpho | Mainnet | 4.49% | $26.4M |
| Hakutora USDT | Morpho | Mainnet | 4.16% | $7.6M |
More Fluid Strategies
Lend
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Yield Overview
Lend is a USDT yield strategy on Fluid (Mainnet). It currently generates 2.27% APY (24h) with a 30-day average of 3.46%. The vault holds $131.3M 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 #19 out of 26 strategies. Its 2.27% yield is 32.2% lower than the market average of 3.35%.
How Lend Compares
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 29.0% lower than the network average for USDT strategies. By TVL, this product ranks #2 of 23 USDT strategies on Mainnet.
About Fluid
Fluid is a lending and borrowing protocol designed for capital efficiency. Earnbase tracks 1 strategy on Fluid.
USDT on Mainnet#16 of 23
Yield Sustainability
Yield is 34.3% below the monthly average.
Yield Trajectory
Lend recorded a 24h APY of 2.27% in the most recent data point. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have declined by 23.6%. The strongest 7-day period was Apr 22–Apr 28 averaging 7.57%, while the weakest was May 13–May 19 at 2.50%. Current 24h APY of 2.27% is 45.1% below the product's own 30-day average.
Weekly yields have declined for 3 consecutive weeks. The most recent 7-day average stands at 2.50%.
Weekly Breakdown
Historical APY Statistics
Over the past 168 days, Lend's yield has shown a upward trend, with yields expanding from 3.11% to 3.88%, a 24.6% increase. The sustainability score of 59/100 aligns with moderate yield variability.
Historical TVL Statistics
Over the past 168 days, Lend's total value locked has experienced a contraction, declining from $207.4M to $124.0M, a 40.2% reduction.
History
FAQ
Yield & Performance
Lend on Fluid offers a 24-hour APY of 2.27%, a 30-day average of 3.46% on USDT. Yields are variable and update daily based on protocol activity.
Lend ranks #19 out of 26 monitored USDT strategies. Its current yield of 2.27% is 32.2% below the market average of 3.35%.
Earnbase rates the yield sustainability of Lend at 59/100, classified as "Moderate". Yield is 34.3% below the monthly average.
Over the past 168 days, Lend has shown an upward yield trajectory. The average APY moved from 3.11% to 3.88%.
Lend has a yield volatility rating of "Moderate" (standard deviation: 1.65pp over 168 days). The APY has ranged from 1.39% to 14.89% in the tracked period, with an average of 3.11%.
Liquidity & TVL
Lend currently has a total value locked (TVL) of $131.3M in USDT deposits.
Lend holds $131.3M in USDT deposits. Across all 26 tracked USDT strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $131.3M places it within the broader spectrum of USDT opportunities tracked on Earnbase.
By total value locked, Lend ranks #2 of 23 USDT strategies on Mainnet. It currently holds $131.3M.
Lend's TVL is currently declining. Over the past 168 days, TVL moved from $207.4M to $124.0M, a -40.2% change. The 30-day high was $253.3M and the 30-day low was $103.6M.
Yields are declining as more capital enters the vault, a common dynamic where increased deposits dilute per-depositor returns. 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 15 days of outflows. The largest single-day inflow was +$10.4M (May 15, 2026) and the largest outflow was -$8.9M (May 16, 2026). Net 30-day TVL change: +14.8%.
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 2.27% is 29.0% below the Mainnet average of 3.20%.
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 2.27% 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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