Dude, Where's My (Stablecoin) Yield?

This report focuses on finding the best stablecoin yields through passive strategies, highlighting USDe and sUSDe Pendle pools driven by a second ENA airdrop, which offer competitive yet short-term APYs. Ethena remains a strong contender for stablecoin yields post-airdrop, with sUSDe holders benefiting from carry trade profits. Morpho presents opportunities for bullish investors with potential APYs exceeding 20% through lending yields and non-transferable Morpho tokens. Aave's Merit Program boosts GHO growth with an estimated APY of 22% for GHO stakers, despite slashing risks. BounceBit integrates with Ethena, allowing users to earn sUSDe yields plus additional rewards in BB tokens, averaging around 7% in extra yield.