Asset
SMUSD
Best APY
1.76%
Total TVL
$7.58M
Active pools
2
Chains
1
Overview
SMUSD is a fiat-backed stablecoin used as base collateral across lending protocols and the dominant quote asset on DEX pools. Its role as a settlement asset makes it suitable for various yield strategies, including lending and liquidity provision. With its stability, SMUSD attracts conservative yield-seeking strategies focused on minimizing risk.
Two active pools across one chain and protocol offer SMUSD with the best APY reaching 17.95%. The limited venue count suggests a more concentrated exposure to this single chain and protocol. This narrow distribution increases dependency on these specific platforms for yield opportunities.
Tracked TVL sits at $7.4M, indicating moderate adoption relative to other assets. Dominant APY drivers include lending utilisation rates and reward-token emissions from the platform. The headline risk is depegging, as stablecoins are susceptible to losing their peg to fiat currency. This risk is compounded by smart-contract vulnerabilities inherent in DeFi protocols.
Composed 2026-05-21 from the structured data above. See methodology for the full pipeline.
Tracked TVL history
Where to earn yield on SMUSD
| Chain | Best APY | Total TVL |
|---|---|---|
| Mezo | 1.76% | $7.58M |
All pools holding SMUSD
| Protocol | Chain | Symbol | TVL | APY |
|---|---|---|---|---|
| Mezo Vaults | Mezo | SMUSD | $5.50M | 1.76% |
| Mezo Vaults | Mezo | SMUSD | $2.09M | 0.25% |
FAQ
› Where can I earn yield on SMUSD?
SMUSD is supported by 1 protocols across 1 chains, with 2 active pools tracked. The list above is sorted by TVL.
› What's the highest APY for SMUSD?
The best advertised APY across pools holding SMUSD is 1.76%. Always check the underlying protocol and chain before chasing yield - high APY usually means high risk.
› What's the total tracked TVL for SMUSD?
$7.58M is currently sitting in pools that hold SMUSD.