25% APY on USDC.
Sounds too good to be true? It's been running for a month straight.
The @GearboxProtocol vault on @etherlink just hit $9M in deposits with no signs of slowing down.
Here's what's actually happening ↓
First, let's get real about stablecoin yields right now:
• Aave: ~4-6% APY
• Compound: ~3-5% APY
• Most DeFi vaults: 5-10% APY
This Gearbox vault has held 25-30% APY consistently for a month.
Here's the simple breakdown:
You deposit USDC → Receive Re7USDC tokens → Start earning immediately
Your yield comes from two sources:
• Borrowers paying interest to use your USDC for leverage (3.3% base)
• GEAR token rewards on top (26%)
The 81% utilization rate means real borrowing demand = sustainable yield.
Plus there's a bonus layer most people miss:
This vault is part of Apple Farm Season 2 🍏
$3M+ in additional rewards distributed as applXTZ tokens every 8 hours.
You're stacking multiple yield sources on the same USDC deposit.
Quick comparison to other high-yield options:
Pendle PT-USDC: 8-15% (locked)
Morpho vaults: 10-18% (variable)
Curve pools: 5-12%
Gearbox Re7 vault: 25-30% (sustained, backed by Re7)
The gap is significant. And it's been consistent.
7.9K
66
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.