Institutional dashboard
A point-in-time view of Concrete’s public platform scale. The dashboard is dated so the reader can distinguish this historical snapshot from live application data.
Platform scale
| Metric | Value | Source |
|---|---|---|
| Total deposits | $1.246B | Concrete Earn app · Sep. 8, 2026 |
| Total volume | $23.41B | Concrete Earn app · Sep. 8, 2026 |
| Depositors | 53.76K | Concrete Earn app · Sep. 8, 2026 |
Reading the dashboard
Scale can show that a platform is being used. It does not, by itself, prove that one vault has better risk-adjusted performance than another.
Data as of September 8, 2026
This edition reports a dated research snapshot, not a real-time investment recommendation.
Yield types stay separate
Live APY, 7-day APY, target APY and private APY answer different questions. They are displayed together for visibility, not combined into a single ranking.
| Vault | TVL | Yield | Yield type | Source |
|---|---|---|---|---|
| Concrete USDT | $29.8M | 8.30% | LIVE APY | Concrete Earn app · Sep. 8, 2026 |
| Concrete USDT | $29.8M | 8.29% | 7-DAY APY | Concrete Earn app · Sep. 8, 2026 |
| WBTC | $2.30M | 7.00% | TARGET APY | Concrete Earn app · Sep. 8, 2026 |
| Concrete Frontier | $1.19M | 9.40% | LIVE APY | Concrete Earn app · Sep. 8, 2026 |
| RWA USD1 | $25M | 8.00% | TARGET APY | Concrete official RWA materials · Sep. 8, 2026 |
| WeETH | $762M | Private | PRIVATE APY | Concrete Earn app · Sep. 8, 2026 |
| WLFIcx | $101M | Private | PRIVATE APY | Concrete Earn app · Sep. 8, 2026 |
Raw APY is only the opening number
Headline yield is not the whole product. A professionally curated strategy may also include selection, execution, monitoring, reporting and risk controls. Those services do not automatically make a yield superior, but they change what the investor is evaluating.
Selected USDT strategies
| Strategy | 7-day APY | Category | Reading |
|---|---|---|---|
| Concrete USDT | 7.48% | Curated strategy | Vaults.fyi snapshot · Sep. 7, 2026 |
| Fluid USDT | 4.78% | Selected strategy | Vaults.fyi snapshot · Sep. 7, 2026 |
| Syrup USDT | 4.65% | Selected strategy | Vaults.fyi snapshot · Sep. 7, 2026 |
| Aave v3 USDT | 3.56% | Lending market | Vaults.fyi snapshot · Sep. 7, 2026 |
| Morpho Steakhouse Prime Instant | 3.43% | Curated market | Vaults.fyi snapshot · Sep. 7, 2026 |
| Spark USDT | 3.14% | Lending market | Vaults.fyi snapshot · Sep. 7, 2026 |
| Wildcat | Higher outlier | Higher-risk / smaller market | Use as context, not as a quality ranking. Snapshot source: Vaults.fyi · Sep. 7, 2026 |
The Concrete figure in this comparison is the September 7, 2026 7-day APY snapshot. It differs from the September 8 app snapshot in the vault board. APY is not normalized into a quality score, and higher APY can reflect higher risk, lower liquidity or different strategy exposure.
Headline spread, not risk-adjusted premium
Headline yield differential
7.48% − 4.79% = +2.69 percentage points. This is a simple arithmetic spread between two dated observations, not a risk-adjusted premium.
Different risk profiles
DeFi yield may reflect smart-contract, protocol, stablecoin, liquidity, utilization, strategy and operational risks. A Treasury yield reflects a different instrument, market and sovereign-credit framework. Comparing the numbers can provide context; it does not make the risks equivalent.
The market for professional selection
Vaults.fyi’s State of DeFi Curation 2026 describes a growing market around curated on-chain strategies. The figures below describe the dataset; the quote is a separately attributed company insight.
Vaults.fyi dataset
Market movement
| Curated TVL growth | 39% | Vaults.fyi · State of DeFi Curation 2026 |
| Curated market share | 5.24% → 12.51% | Vaults.fyi · State of DeFi Curation 2026 |
The service behind the rate
Use the controls to inspect the operating layers that may sit behind a professionally curated vault. APY alone cannot capture these attributes.
Strategy selection
Selecting a strategy is not the same as selecting the highest visible APY. It can involve liquidity, protocol design, counterparty exposure, capacity and mandate fit.
How to read this edition
- APYs move continuously. Every historical observation in this edition is paired with a source and date.
- Live APY and 7-day APY are different measurements. A live figure is not a substitute for a trailing-period result.
- Target APY is not realized APY and should not be treated as a promise.
- Private APY cannot be ranked. WeETH and WLFIcx are shown as private rather than assigned an implied score.
- Third-party yield data has its own methodology, coverage and update schedule. Vaults.fyi figures are presented as a dated comparison snapshot.
- Treasury yield is not directly comparable to DeFi APY. The headline differential is arithmetic context, not a risk-adjusted premium.
- Historical APYs do not guarantee future returns. Higher APY can accompany higher risk, lower liquidity or different exposures.
- Research snapshot: September 8, 2026.
Concrete Earn app
Platform deposits, volume, depositors, TVL and current vault yield fields. app.concrete.xyz/earn ↗
Concrete RWA materials
RWA USD1 TVL and target APY context. concrete.xyz ↗
Vaults.fyi comparison
September 7, 2026 USDT strategy APY snapshot and State of DeFi Curation 2026 dataset. vaults.fyi ↗
U.S. Treasury
10-year Treasury yield around 4.78–4.80% on September 8, 2026. Treasury rates ↗
Concrete CEO attribution
“4th-largest DeFi curator and largest outside Morpho” attributed to Nic Roberts-Huntley. This is kept separate from the Vaults.fyi dataset.
Editorial note
No single APY, TVL or platform scale metric is treated as proof of superior risk-adjusted performance.