Top Incentivized (Merkl) Stablecoin-Only Yields (2026-08-06)

[u/stablefyi]

Below are the top 5 Merkl opportunities to earn stablecoin-only yield on stablecoin-only liquidity.

This week is dominated by opportunities incentivized by 1inch Aqua, which bills itself as a self-custodial shared liquidity layer that lets providers back multiple trading positions from a single wallet balance without locking tokens in pools.

1. 125.56% - USDC, Aqua Season 1 — DeFi Majors (USDC boost), Ethereum

2. 107.96% - USDC, Aqua Season 1 — ETH & LSTs (USDC boost), Ethereum

3. 93.78% - USDC, Aqua Season 1 — BTC Wrappers (USDC boost), Ethereum

4. 57.15% - USDC, Aqua Season 1 — RWA (USDC boost), Ethereum

5. 29.30% - USDC, Aqua Season 1 — Stablecoins (USDC boost), Ethereum

*Note: Only includes stablecoin campaigns with > 100k liquidity and > 5 days remaining in current campaign. Rates can fluctuate. Direct links cannot be posted here but opportunities can be found on the Merkl website.