slvlUSD delivers 6.​99% weekly APY with $49.​1M in reserves

📉 Reserves shrink but...

By Level USD
Sep 11, 2025, 4:40 PM
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Level's stablecoin maintains steady yield performance

slvlUSD generated a 6.​99% weekly APY, distributing $44.​31k to holders.​ The protocol's reserves total $49.​1M, allocated across two lending strategies:

  • $22.​5M in aUSDC
  • $26.​5M in steakUSDC (Morpho)

This represents a slight decrease from previous weeks, with reserves dropping from $55.​92M in mid-August.​ The yield remains consistent with Level's lending-based approach, channeling returns from Aave and Morpho protocols directly to stakers.​

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Sources

Weekly APY Update 🗓️ slvlUSD delivered a weekly APY of 6.99% last week. 2️⃣ Reserve Composition Current allocation across lending strategies: → $22.5M in aUSDC → $26.5M in steakUSDC (Morpho) Total Reserves: $49.1M Check out our live Transparency Dashboard:

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Weekly APY Update 🚨 slvlUSD delivered a weekly APY of 7.7% this week. 2️⃣ Reserve Composition Current allocation across lending strategies: → $27.14M in aUSDC → $27.23M in steakUSDC (Morpho) Total Reserves: $54.37M Diversified, onchain and fully auditable on our website. 3⃣

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July 25th weekly APY Update 🚨 1️⃣ slvlUSD delivered a weekly APY of 7.99% this week. 2️⃣ Reserve Composition Current allocation across lending strategies: → $36.24M in aUSDC → $38.27M in steakUSDC (Morpho) Total Reserves: $74.5M Check out our live Transparency Dashboard:

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Aave hits $60B 👻 @aave's deposit book has climbed to a record $60 billion, confirming that risk-on appetite for leverage is returning across the market. Viewed through a traditional-finance lens, that balance sheet would rank Aave about 41st among U.S. commercial banks. The

Aave
Aave
@aave

$60B net deposits. DeFi will win.

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August 15th weekly APY Update 🚨 1️⃣ slvlUSD delivered a weekly APY of 6.79% last week. 2️⃣ Reserve Composition Current allocation across lending strategies: → $17.56M in aUSDC → $38.37M in steakUSDC (Morpho) Total Reserves: $55.92M Check out our live Transparency Dashboard:

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August 1st weekly APY Update 🚨 1️⃣ slvlUSD delivered a weekly APY of 8.65% this week. 2️⃣ Reserve Composition Current allocation across lending strategies: → $27M in aUSDC → $38.3M in steakUSDC (Morpho) Total Reserves: $65.35M Check out our live Transparency Dashboard:

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August 8th weekly APY Update 🚨 1️⃣ slvlUSD delivered a weekly APY of 7.43% this week. 2️⃣ Reserve Composition Current allocation across lending strategies: → $22.32M in aUSDC → $38.34M in steakUSDC (Morpho) Total Reserves: $60.66M Check out our live Transparency Dashboard:

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Read more about Level USD

slvlUSD Delivers 7.19% Average APY in Q3 Performance Report

**slvlUSD Q3 Performance Summary** Level's slvlUSD stablecoin delivered solid returns in Q3 2025: - **Average APY**: 7.19% - **Peak performance**: 8.65% - **Lowest rate**: 5.30% The yield remained within the **7-8% range** that has characterized slvlUSD performance, maintaining consistency for holders seeking reliable onchain income. **Key Features:** - Simple lending-based framework - Built for scalability - No added complexity This performance continues slvlUSD's track record of providing steady returns through its straightforward approach to decentralized yield generation.

**USDT Borrowing Costs Surge on Aave**

**USDT Borrowing Costs Surge on Aave**

**Aave USDT utilization hits yearly highs** as borrowing demand tightens on-chain dollar liquidity. **Key developments:** - Borrowing APR jumped from ~3.43% to ~5.41% - Higher utilization typically boosts lender supply APY - Follows recent spikes that pushed rates above 10% **Market context:** While USDC gains market share for institutional use, USDT remains dominant by size. The utilization squeeze reflects broader DeFi liquidity dynamics. **Impact on strategies:** Looped positions and liquid leverage strategies may face negative yields during rate spikes. *DeFi markets operate 24/7 - rate changes can happen quickly.*

Bank of America Reports Banks Preparing to Launch Crypto Stablecoins

Bank of America Reports Banks Preparing to Launch Crypto Stablecoins

Key updates from the latest Level Money report: - slvlUSD delivered 7.99% weekly APY - Total reserves at $74.5M across aUSDC and steakUSDC (Morpho) - $68.98k in yield distributed this week Market highlights: - Stablecoins added $4.5B market cap post-GENIUS Act - Lending overtakes stablecoin issuers as largest sector on Base by TVL - MorphoLabs exceeds $1.6B in USDC supplied - Bank of America reports banks preparing crypto stablecoin launches Yield opportunities remain through Curve LP (60x XP), Pendle (40x XP), and Morpho vaults (40x XP).

Level Protocol APY Drops to 8.27%

Level Protocol APY Drops to 8.27%

Level's latest slvlUSD yield distribution shows an **8.27% APY**, down from 8.95% last week. How to participate: - Mint lvlUSD through [Level's dashboard](https://level.money/dashboard/buy) - Convert to slvlUSD for yield - Unstake with 7-day cooldown Current XP farming opportunities: - Pendle: 40x XP (lvlUSD) / 20x XP (slvlUSD) - Curve Finance: 60x XP for LPs - Morpho: 40x XP using lvlUSD as collateral *Note: Distribution based on daily average market cap, with compounding. Past performance not indicative of future results. Not available for US persons.*