Stablecoin yield has not disappeared.
What disappeared is undisciplined yield.
I ran stablecoin yield through @Infinit_Labs Intelligence and removed leverage loops, emissions, and experimental protocols.
What’s left isn’t farming. It’s credit and fee markets, expressed onchain.
— 📌 Private Credit Is the Core Yield Source
The highest stablecoin yields currently available are coming from onchain private credit, where yield is paid directly by borrowers.
The clearest concentration appears on Wildcat Protocol.
Across multiple
$USDC and $USDT lending markets on Ethereum, Wildcat is offering yields