Yield on Stable Assets
Earn yield by staking the synthetic version of your stablecoin. Powered by underlying lending on Aave, fully onchain, with no intermediaries, locks, or fees.
Resources
Category
- DeFi Apps
Use Cases
- Asset Tokenization
- Cross-Chain Transfers
- Treasury Management
- US Dollar Access
Circle Products Used
- USDC
- EURC
Blockchains Supported
- Base
- Ethereum
On/Off-Ramps
- No
Platform
- Web
Free/Paid
- Free
Region
- Europe
Country
- United Kingdom
Support
Overlayer
Overlayer is a DeFi infrastructure for stablecoins, unlocking a new class of programmable, yield-native assets.
Overlayer is a DeFi infrastructure that upgrades existing stablecoins into their overlaid versions: a new asset class combining yield, reliability, interoperability, and censorship-resistance. Instead of creating yet another stablecoin, our protocol overlays the ones already in use, transforming them into complete, decentralized assets.
Our mission is to unlock the largest pool of idle capital onchain. With over 70% of the $300B stablecoin market sitting unused, Overlayer converts passive liquidity into productive, trustless, and versatile money without forcing users to switch assets or compete with their issuers.
Use Cases
Censorship-Resistant
Synthetic versions achieve censorship resistance by operating through aTokens for mint and redeem, avoiding any dependency on centralized issuers.
Interoperability
Powered by LayerZero, the synthetic version of the stablecoin moves seamlessly across major blockchains while maintaining consistent logic and synchronized staking rewards, allowing users to access yield wherever DeFi happens.
Composability
The synthetic version is highly composable, making it easy to integrate into other DeFi protocols and create new sources of yield or revenue for partner projects.
Regulatory Flexibility
The synthetic version operates under lighter regulatory constraints than its underlying asset, enabling access to broader markets and a wider range of DeFi applications.
Reserve Index
An additional Overlayer service providing exposure to a diversified basket of digital assets designed to hedge against dollar depreciation, offering a permissionless alternative store of value for treasuries and advanced users.
This site contains content and information, including links to other sites and resources, that was prepared by third parties ("Third Party Content") who are not affiliated with Circle or any of its affiliates (collectively "Circle"). Circle makes no representations on the accuracy, suitability, or validity of Third Party Content. As such, Circle is neither responsible nor liable for any Third Party Content, including any errors, omissions, or delays, or for any actions taken in reliance upon any Thirds Party Content. Reference to any specific company, product, service, or website of any third party does not constitute an implied or express endorsement, recommendation, favoring or validation by Circle. All content provided is for educational and informational purposes only. Circle shall not be liable for any damage or loss relating to use of, or reliance upon, the Third Party Content.