Top 8 DeFi Protocols Deliver Yields on Gold, Stables in 2026 Survey

A new survey ranks eight leading DeFi protocols offering yields on stable assets—including stablecoins, tokenized Treasuries, and gold-backed products like Ayni—drawing institutional capital for on-chain treasury management. This builds on prior analysis comparing DeFi gold yields to traditional no-income vehicles, following gold's all-time high of $5,589.38/oz on Jan 28, 2026, Q1 central bank buys of 244 tonnes, and $193 billion quarterly demand. Highlights include Aave's $14B+ TVL, Maple's $4B deposits at 7-8% APY, and Ethena's ~11.6% APY, enhancing gold's appeal with cashflow.