Scale is context, not a yield score
The $1.25B+ figure is a platform-positioning metric. It says something about the amount of capital Concrete describes as earning through the platform; it does not tell us the TVL, APY, risk or performance of any one vault.
USDT strategies in context
This is a categorized market snapshot, not a winner ranking. Each row shows recent 7-day APY alongside TVL, protocol and curator or strategy context where available.
| Strategy | 7-day APY | TVL | Protocol / curator | Market reading | Source |
|---|---|---|---|---|---|
| Wildcat — Selini Tether USD | 9.89% | $8M | Wildcat | Smaller strategy / higher headline yield | Vaults.fyi · Sep. 16, 2026 |
| Wildcat — Wintermute Trading Tether USD | 9.08% | $47M | Wildcat | Curated strategy / higher headline yield | Vaults.fyi · Sep. 16, 2026 |
| Concrete USDT | 7.27% | $30M | Concrete | Curated vault strategy | Vaults.fyi · Sep. 16, 2026 |
| Morpho — Wintermute USDT Select | 6.12% | $11M | Morpho | Curated market / named curator | Vaults.fyi · Sep. 16, 2026 |
| Yearn v2 USDT | 5.61% | $4M | Yearn | Automated vault strategy | Vaults.fyi · Sep. 16, 2026 |
| Compound v3 USDT | 5.38% | $2M | Compound | Lending market | Vaults.fyi · Sep. 16, 2026 |
| Syrup USDT | 4.62% | $336M | Syrup | Larger market / lower headline yield | Vaults.fyi · Sep. 16, 2026 |
| Fluid USDT | 4.48% | $131M | Fluid | Protocol market | Vaults.fyi · Sep. 16, 2026 |
| Aave v3 USDT | 3.41% | $3.2B | Aave | Large lending market / scale and liquidity context | Vaults.fyi · Sep. 16, 2026 |
No winner declared
Concrete is not presented as the highest-yielding strategy. Higher APY can come with smaller scale, different liquidity, incentives, risk or strategy exposure. Lower APY can coexist with a larger market and different capacity or infrastructure priorities.
High yield and high scale are different characteristics
The scatter plot puts TVL on the horizontal axis and 7-day APY on the vertical axis. Click a point to highlight the strategy label. Positions are illustrative placements based on the September 16 snapshot and are not a risk score.
USDC strategies in context
The same reading applies to USDC: recent APY, TVL, protocol design and strategy context must be considered together.
| Strategy | 7-day APY | TVL | Protocol / strategy | Source |
|---|---|---|---|---|
| Concrete Frontier USDC | 7.77% | ~$1M | Concrete curated strategy | Vaults.fyi · Sep. 16, 2026 |
| Aave Horizon RWA USDC | 8.29% | ~$3M | Aave RWA market | Vaults.fyi · Sep. 16, 2026 |
| Morpho M1 USDC | 8.32% | ~$9M | Morpho market | Vaults.fyi · Sep. 16, 2026 |
| Morpho Steakhouse Confidential Prime USDC | 7.20% | ~$33M | Morpho curated market | Vaults.fyi · Sep. 16, 2026 |
| Fluid Lite USD Vault | 7.09% | ~$43M | Fluid vault | Vaults.fyi · Sep. 16, 2026 |
| Yearn OG USDC | 7.08% | ~$9M | Yearn vault | Vaults.fyi · Sep. 16, 2026 |
What actually generates the yield?
APY is an output. To understand the product, ask where the return originates and what risks travel with that source. Click a source below to inspect the mechanism.
Select a return source
The same headline APY can represent very different underlying economics.
Infrastructure and strategy management
The model below is an educational representation of the value proposition: capital enters a vault, strategies are selected and allocated, risk is managed, execution occurs, and yield is an outcome.
Infrastructure is not just an APY display
Concrete’s value proposition is framed here as infrastructure and strategy management, not simply displaying a rate. That framing does not remove the risks of the underlying strategies or guarantee any return.
How to read this edition
- Every market APY in the tables is labeled as a 7-day APY, dated September 16, 2026, and sourced to Vaults.fyi.
- APYs change. A 7-day APY is a historical or rolling measurement, not a promise of the next seven days.
- Target APY is different from realized APY. This edition does not convert target figures into market comparisons.
- TVL changes. TVL is a scale observation, not a quality score or a guarantee of liquidity.
- high APY can reflect higher risk, smaller capacity, incentives, utilization or strategy-specific exposure.
- DeFi yield is not guaranteed. Protocol, smart-contract, liquidity, counterparty, operational and market risks remain.
- Research snapshot: September 17, 2026.
One Number Isn’t Enough
APY tells you
How much a strategy recently returned over the measurement period. It does not, by itself, explain why the return occurred or what risk accompanied it.
TVL tells you
How much capital was using the strategy at the snapshot. It does not, by itself, explain the strategy mandate, liquidity conditions or risk-adjusted outcome.
The complete reading
Yield, TVL, strategy type, market scale and risk context belong in the same conversation. Neither APY nor TVL alone explains the entire risk/reward picture.
Vaults.fyi USDT
September 16, 2026 USDT snapshot: APY, TVL, protocol and strategy context. vaults.fyi ↗
Vaults.fyi USDC
September 16, 2026 USDC snapshot: APY, TVL, protocol and strategy context. vaults.fyi ↗
Concrete public messaging
September 2026 public messaging for the $1.25B+ “capital earning through the platform” figure. concrete.xyz ↗
Concrete Earn
Concrete product and strategy context. app.concrete.xyz/earn ↗
Data boundary
The $1.25B+ figure is not called TVL because the source does not explicitly define it as TVL.
Editorial standard
No strategy is declared “best.” The comparisons are dated market context, not investment advice.