Wide Market Coverage
Comprising at least 80% of lending market TVL on Ethereum.
Chainlink DeFi Yield Index
The Chainlink DeFi Yield Index (CDY Index) tracks the performance and dynamics of digital asset lending rates across the most popular and active DeFi platforms supported by the Chainlink standard. The open methodology ensures our indexes are representative of active and liquid markets covering at least 80 percent of onchain lending markets.
Periodic Rebalancing
Rebalanced and reconstituted on a 6-month basis.
Diverse Asset Selection
USDC, USDT, WBTC, and WETH, with more to come.
Replicable
Easily replicated with minimal turnover and costs.
Robust
Methodology designed using secure Chainlink infrastructure.
Trusted
Designed by expert providers of blockchain data infrastructure.
Latest CDY Indexes
Chart showing yield data for USDC
Annualized Performance
| Annualized Return | USDT | USDC | Wrapped BTC | Wrapped ETH |
|---|---|---|---|---|
| 1 month | 2.57% | 3.22% | 0.03% | 2.07% |
| 3 months | 2.88% | 3.40% | 0.02% | 2.03% |
| 6 months | 4.78% | 5.54% | 0.02% | 2.04% |
| 12 months | 4.79% | 5.39% | 0.04% | 1.82% |
Returns are as of May 13, 2025. These returns represent the compounded returns using the daily CDY Index values. They do not represent hypothetical returns resulting from block-level performance or the returns to users who were to replicate the CDY Index onchain.
Use cases for the CDY Index
Analysis
Navigate and analyze an increasingly fragmented DeFi lending landscape using the CDY Index's market representative yields for major tokens.
Benchmark
Use the CDY Index as a benchmark of prevailing onchain yields, which enable performance comparisons, risk assessment, and strategic allocation.
Settlement
The CDY Index can facilitate transaction settlement with a transparent, standardized reference rate for pricing yield-linked derivatives and structured products.
Documents and research
Learn more about the CDY Index with our technical documentation and thought pieces.