Best USDe Earn Rates: Flipster Leads with Up to 20% APR

As USDe adoption accelerates, traders are comparing where their assets can work hardest.

Across both CEX and DeFi, Flipster delivers one of the highest-performing USDe yields in the market, with full liquidity, no lockups, and the ability to use your balance as collateral for perpetual trading.

Flipster’s USDe Earn Program offers floating base APR on all balances (up to USD 200K), with the potential to boost returns up to 20% as you trade more.

Centralized exchange comparison

Platform	Asset	Max APR/APY*	Notes
Flipster	USDe	20%	Floating base APR; up to 20% when you trade more
Binance	USDe	7%	Earn product
Bitget	USDe	4.5%	Earn product
Bybit	USDe	4%	Earn product
MEXC	USDe	4%	Earn product

DeFi comparison

Platform / Protocol	Asset	Max APR/APY**	Notes
Flipster	USDe	20%	Instant withdrawal; tradable collateral
Pendle (tUSDe)	USDe	12%	Locked until maturity
Pendle (Strata)	USDe	10.6%	Locked; higher risk profile
Pendle (sUSDe)	USDe	7%	Locked; limited liquidity
Aave	USDe	6.6%	Lending APR
Fluid	USDe	5%	Lending APR

*As of Nov 25, 2025

**Pools under $10M TVL excluded. LP/AMM pools not considered due to different risk structure.

Flipster stands out for three reasons

Liquidity: Withdraw anytime with no lockups, no redemption delays.
Utility: USDe remains usable as collateral for perpetual trading.
Performance: Competitive returns that scale with your trading activity.

At higher trading volumes (≥ USD 250K), the combined yield of base and trading bonuses becomes unmatched across both CEX and DeFi ecosystems, with none of the restrictions typical of fixed-term protocols.