best low-risk usdc yield onchain atm? only aave fits the bill or is ethena worth the additional risk?

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Ethena has a lockup period right? I don’t like that although I did farm for a while. 

AAVE is battle tested even if the yields are a bit lackluster.

I think lockup is for staked ENA, not USDe

but yeah, aave seems like the only battle-tested option even though the yield is “only” 4%

Spread the risk then perhaps. FWIW the ENA/USDe carry trade is a pretty standard and secure play — it’s not as dangerous as Terra/Luna by any means. It’s not infallible but it’s also not a Ponzi scheme