The 2025 Yield-Bearing Assets & Stablecoins Report captures a defining shift in decentralized finance: yield is no longer an optional feature — it’s the foundation of the entire ecosystem.
From tokenized treasuries and restaked ETH to yield-bearing stablecoins and data infrastructure providers like RedStone, DeFi is entering a new phase where sustainable onchain income becomes the central pillar of value creation.
This report distills the major takeaways, leading innovators, and systemic trends shaping the rise of yield-bearing assets (YBAs) as DeFi’s defining standard.
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Key Takeaways
Yield-bearing assets (YBAs) are now DeFi’s backbone.
The market is converging around assets that generate yield while maintaining liquidity. Whether in the form of restaked ETH, tokenized T-bills, or stablecoins like USDM, investors expect capital efficiency as the default.Institutional adoption is reshaping yield markets.
Tokenized treasuries, onchain funds, and audited yield pools are bridging the gap between traditional finance and decentralized infrastructure. The presence of established names like BlackRock and Franklin Templeton signals a broader trust shift.The “ETF effect” is extending onchain.
Spot Bitcoin ETFs validated crypto in mainstream portfolios. Now, yield-bearing instruments are doing the same for stablecoins and tokenized fixed-income assets, positioning DeFi as an accessible income market.Oracle infrastructure like RedStone is crucial.
With complex yield structures emerging, accurate and verifiable data is indispensable. RedStone’s modular oracle architecture delivers real-time pricing, yield rates, and validator metrics that support restaking, RWAs, and stablecoin collateralization.DeFi’s flywheel runs on real yield.
The protocols distributing transparent, sustainable yield — rather than inflationary rewards — are leading user retention and total value locked (TVL) growth.
1. Yield Rules Everything — Crypto YBAs Are Next
The RedStone report identifies YBAs as DeFi’s most transformative asset class. These are not speculative tokens but productive assets that simultaneously maintain liquidity, generate returns, and reinforce network stability.
The earliest examples, like Lido’s stETH or Rocket Pool’s rETH, pioneered the concept. But 2025 has seen the model expand into stablecoins, RWAs, and even yield-generating versions of Bitcoin and Solana.
This evolution is making DeFi’s capital base more efficient. Protocols are designing native yield layers into every asset class — ensuring that tokens represent not just ownership but productive capital in continuous motion.
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2. The Rise of Yield-Bearing Stablecoins
The stablecoin sector has matured into one of the most important yield verticals. Rather than simply serving as dollar pegs, stablecoins are now earning instruments backed by real-world yields or market-neutral strategies.
Leading examples include:
Ethena’s USDe, a synthetic dollar backed by delta-neutral positions in perpetual futures.
Mountain Protocol’s USDM, offering tokenized exposure to U.S. Treasury yields.
Ondo Finance’s USDY, representing short-term notes with transparent backing and programmable yield.
Together, these projects represent a paradigm shift — stablecoins are no longer static instruments but income-generating primitives at the heart of onchain liquidity.
The enterprise layer is also taking shape. In November 2025, MoonPay launched its enterprise stablecoin platform, integrating with M0 to help businesses issue and manage fully reserved digital dollars across multiple blockchains. The move extends MoonPay’s reach from fiat ramps into a full-stack stablecoin infrastructure — connecting issuance, swaps, and payments within one global network.
This expansion underscores the broader market trend: stablecoins are evolving into programmable financial rails, combining compliance, liquidity, and yield to power the next generation of global payments.
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3. Yield-Bearing Blue-Chips: Crypto Yield Is Real
Ethereum’s restaking ecosystem has unlocked new yield layers for blue-chip assets. Platforms like EigenLayer, EtherFi, and Renzo now allow ETH holders to compound validator rewards through modular restaking strategies.
This innovation transforms ETH from a passive store of value into a composable yield engine that powers the entire DeFi stack.
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RedStone plays a vital role by providing real-time yield and validator data, enabling precise calculation of restaking returns. Its off-chain computation model reduces gas costs and supports scalable integrations across protocols — from derivatives to yield aggregators.
The outcome is a transparent, interoperable yield ecosystem where blue-chip assets are as productive as stablecoins.
4. Institutional Appetite and Risk Perception
Institutional investors are moving from cautious observation to active participation.
The appeal is clear: tokenized yield instruments combine the stability of fixed-income securities with the transparency and liquidity of blockchain infrastructure.
Funds such as BlackRock’s BUIDL, Franklin Templeton’s OnChain U.S. Government Money Fund, and WisdomTree Prime are pioneering tokenized versions of short-term Treasuries.
This activity has elevated DeFi’s reputation as a serious asset class. Institutions are beginning to view tokenized yields as programmable fixed income, not speculative crypto exposure. Risk perception is shifting from volatility to governance and smart contract reliability — challenges DeFi is increasingly addressing with formal audits and onchain transparency.
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5. The ETF Effect and Bitcoin’s Yield Renaissance
Bitcoin is entering its yield-bearing phase. Following ETF approval, new projects are transforming BTC from a passive reserve into an income-generating asset.
Protocols such as Babylon, BounceBit, and BadgerDAO are building yield-bearing Bitcoin layers — using BTC as collateral in DeFi, with strategies generating returns through staking, lending, or rollup participation.
The report highlights that the “ETF effect” has legitimized yield-seeking behavior across the entire market. Institutional interest in Bitcoin’s yield potential now parallels that of ETH restaking, introducing a new wave of onchain financialization.
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6. Real-World Assets: Yield Brings TradFi Onchain
The tokenization of real-world assets (RWAs) is DeFi’s most direct bridge to traditional finance. In 2025, tokenized Treasuries and credit markets surpassed $1.5 billion in TVL, driven by protocols like Maple Finance, Centrifuge, Backed, and OpenEden.
RWAs allow investors to access regulated, low-risk yields — typically from U.S. government bonds or short-term credit — directly onchain.
RedStone’s oracle network supports this ecosystem by providing precise, high-frequency yield and pricing data. Its architecture minimizes latency and ensures trustless yield updates, giving DeFi apps the ability to value complex financial instruments in real time.
As the report notes, “bringing real-world yield onchain turns DeFi into a transparent, global fixed-income network.”
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7. Builder Perspectives: The Momentum Is Real
Developers now design yield-bearing components as core architecture rather than add-ons. The report highlights several leading projects integrating YBAs natively:
RedStone — delivering yield and valuation data for RWAs, stablecoins, and restaking markets.
MakerDAO — evolving into a hybrid DeFi central bank through its Treasury-based DAI strategy.
Ondo Finance — bridging traditional credit products into decentralized frameworks.
Ethena Labs — engineering synthetic yield-bearing dollars with algorithmic hedging.
For builders, yield-bearing design offers a natural alignment between liquidity providers, users, and protocols — creating transparent and sustainable value flows.
8. The DeFi Flywheel in Motion
The report presents yield as the mechanism driving DeFi’s self-reinforcing growth loop:
Yield-bearing assets attract liquidity.
Liquidity enhances protocol utility and user engagement.
Protocol usage generates sustainable fee revenue.
Fees are distributed as verifiable onchain yield.
Yield strengthens retention and draws new capital.
This cycle — supported by reliable data (RedStone), modular design (EigenLayer), and institutional-grade custody (Franklin, BlackRock) — transforms DeFi into a continuous income engine. Yield, not speculation, becomes the magnet for capital.
9. Curation to Stimulate Institutional Adoption
To achieve mainstream institutional participation, yield products must meet compliance, transparency, and verification standards. The report emphasizes curation and risk-adjusted design as prerequisites for the next stage of adoption.
Projects like Maple and Centrifuge are curating yield pools with onchain audits, verified borrowers, and oracle-fed yield data. These efforts align DeFi yield instruments with institutional frameworks such as Basel III and MiCA, paving the way for regulated capital inflows.
RedStone’s verifiable data layer enhances these systems, enabling institutions to rely on objective yield feeds rather than opaque off-chain reporting.
10. Why Yield-Bearing Assets Are the Future
The rise of yield-bearing design marks DeFi’s transition from experimentation to infrastructure. Yield-bearing assets mirror the logic of the traditional economy — capital must be productive, measurable, and transparent.
By embedding verifiable yield at the protocol level, DeFi transforms from a speculative environment into a programmable financial system.
Data infrastructure providers like RedStone ensure every yield metric — from staking rewards to Treasury rates — remains auditable, decentralized, and tamper-proof.
For full insights, data models, and ecosystem projections, explore the complete Yield-Bearing Assets & Stablecoins Report 2025 and discover how projects like RedStone, Ethena, and Ondo are defining the next evolution of onchain yield.
