Level USD

**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.

**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.*

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'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.*