DeFi's big stablecoin pools paid a median 4.58% on Monday. The ones on your timeline are not the median.
A web3juice snapshot of 360 stablecoin pools holding $1M+ (Nov. 2, 21:40 UTC) found half paid between 2.74% and 6.66%. Only 11 paid 20% or more. Bigger pools paid less: a 3.96% median above $100M.
Of the 145 pools that split out their yield, 66% paid some reward tokens and 25% got more than half their APY from them. And 9 of 14 large sUSDe pools showed 0%, because that coin earns in its price, not in the pool.
A dollar earning 4.6% is the product. Anything far above it comes with a second token or a second question.