Top 10 stablecoin opportunities by APY this month (January):

1. @piku_dao: 21.29% – native yield on Piku. TVL $6.22M (risky)

2. @xsy_fi: 15.67% – LP yield on top of Pharaoh. TVL $3.07M (risky)

3. @SmarDex: 14.66% – yield from SMARDEX perps + Hyperliquid funding rates arbitrage. TVL $1.66M (risky)

4. @avantprotocol: 13.25% – yield generated through manual strategies. TVL $98.77M

5. @UnitasLabs: 12.92% – yield from delta hedging a JLP position. TVL $37.83M

6. @Neutrl: 12.31% – yield-bearing assets + delta-neutral strategies. TVL $157.79M

7. @MidasRWA: 11.59% – yield from multi-chain yield strategies. TVL $20.73M

8. @YuzuMoneyX: 10.60% – yield earning from DeFi strategies. TVL $55.21M

9. @noon_capital: 10.15% – yield from delta-neutral strategies + RWA assets. TVL $21.14M

10. @ParetoFi: 9.75% – yield from interest generated by private credit assets. TVL $3.65M (risky)