People often overlook @reservoir_xyz, but they've maintained transparent reserves from the beginning and handled hundreds of millions of dollars in redemptions during every major black swan event. And so far, they haven't suffered any losses. In short, they currently offer the highest stablecoin yield on @ipor_io, at around 16%. @reservoir_xyz and @ipor_io should be noted that while the current annualized yield seems quite high, borrowing costs can sometimes spike, dragging down the vault's net worth. @vaultsfyi has tracked this very accurately, and data shows that the net annualized yield over the past 30 days isn't as attractive as it seems.