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Stablecoin yield rankings that weigh every APY against safety and real-world benchmarks.
Building a yield shortlist? Start from the yield profile in Stablecoin Picker.
The Pharos Yield Score (PYS) is a risk-adjusted yield metric scored 0-100 that balances yield magnitude against safety, benchmark context, source risk, and consistency. It starts from 30-day average APY, adds 25% of the row's benchmark spread, divides that effective yield by source-risk and safety-derived penalties, then applies a sustainability multiplier based on APY volatility over the same period. Higher-safety stablecoins and cleaner yield sources incur lower adjusted penalties, so moderate but durable yield can compete with riskier double-digit offers.
Yields are resolved through deterministic on-chain reads, curated DeFiLlama sources, price-derived or rate-derived fallbacks, and curated lending opportunities. Rankings refresh hourly, with slower supplemental-source families merged in from a separate four-hour lane, and preserve source-specific history so trailing APY metrics stay tied to the active source.
Risk-adjusted yield accounts for the safety of the stablecoin issuing the yield, not just the raw APY. A stablecoin with a high safety grade (A or A+) receives a much lighter adjusted penalty in the PYS formula, so even a moderate APY can score well. Conversely, a risky stablecoin must offer meaningfully higher raw yield to achieve the same PYS, reflecting the extra risk borne by the holder.
Holder-yield rows describe yield attached to holding the stablecoin itself or a native yield-bearing wrapper. Lending opportunities describe external venues such as money markets, fixed-yield markets, or structured tranches where the underlying stablecoin is deposited into a separate venue. Both can appear in Yield Intelligence, but source posture, venue risk, depth, and warnings help separate durable holder yield from opportunity-specific risk.
The Safety grade evaluates the stablecoin. Source posture evaluates the yield observation behind the row: source confidence, venue review status, depth, freshness, reward-heavy composition, and source switches. A high-grade stablecoin can still have a watch or speculative yield source if the venue or observation needs scrutiny.
No. Depth is an explanatory lens for how much evidence backs the observed yield source, using venue size and related source-risk fields where available. It is not a fill-size estimate, execution quote, or guarantee that capital can enter or exit at the displayed APY.
No. PYS is a comparative ranking score built from historical APY, benchmark context, source-risk penalties, stablecoin safety penalties, and yield stability. Component explanations show why a row moved, but they are not guarantees and should not be read as independently additive promises of future return.