A standing dispatch on
Earn on US Treasury bills without leaving the chain. Tokens like USDY, USYC, OUSG and BUIDL are backed 1:1 by short-term Treasuries — yield comes from the underlying paper, not lending or LP.
Best reward rate today
3.57%
Tracked NAVs
4
Capital
$9 B
Operators
8
Senior or junior claims on off-chain credit funds — Janus Henderson Anemoy Treasury & CLO funds, Arkonix structured products, Anemoy diversified credit. Yield accrues as the share price drifts upward (no separate APY field).
Janus Henderson Treasury Fund
$1.1135
per share
$880 M
Janus Henderson AAA CLO Fund
$1.0461
per share
$700 M
Anemoy Tokenized Apollo Diversified Credit Fund Token
$1.0238
per share
$31 M
JAAA deRWA
$1.0445
per share
$6.4 M
JTRSY deRWA
$1.0345
per share
$5.2 M
S&P 500 DeFi (Centrifuge)
$775.0999
per share
$3.7 M
Janus Henderson S&P500® Fund
$1.1545
per share
$3.7 M
Zivoe SMB Credit
$1.1355
per share
$1.7 M
NYLIM US High Yield Bond Fund
$1.0068
per share
$300 K
Apyx Yield Vault
$1.0292
per share
$110 K
Yield is encoded in share-price drift over time, not in a published APR. Tranches with non-zero on-chain issuance only.
RWA = Real World Assets. The most popular form in 2026 is tokenized US Treasury bills: an issuer (Ondo, BlackRock, Hashnote) holds T-bills off-chain and mints a token on-chain that's backed 1:1. Yield comes from the T-bills themselves — currently 4–5% APY in USD — paid as either rebasing supply (USDY) or NAV appreciation (USYC, OUSG).
Refreshed daily · pre-fee · check each pool for risk notes
