Home / Rate Tracker
Stablecoin APY: How the Rate Is Formed and Why It Moves
This section doesn't copy down today's numbers — they go stale in days. It covers where the numbers come from, when they move, and what you should actually be comparing.
- Why the Flexible APY changes every day, three forces at work: borrowing demand, campaign budget, and the wider interest-rate environment, plus the moments it typically jumps.
- Bonus APY versus base APY, and which layer the difference sits in, how tiered caps produce a blended return, and why your APY drops on its own after you add funds.
- What the platform does with the stablecoins you deposit — lending, market making and proprietary trading, and how much disclosure is enough.
Why there's no rate table here
The public sources we checked give stablecoin APYs that disagree with each other wildly, measured on different bases at different moments. Any number copied down becomes wrong information on the page within days, and readers make decisions with it. So this site only ever writes rules and ranges, with the date they were checked. For the actual number, look at what Binance shows at the time.
To compare what different options are really worth to you, use the interest estimator to turn the percentage into an amount.