Yields Of The Week: April 19 - April 25 2025

Welcome to Yields of the Week! Every Friday, we spotlight the top DeFi yields across the crypto landscape, focusing on opportunities that are not just the highest APYs but also sustainable and unique opportunities. Whether you're new to DeFi or a seasoned degen, our goal is to help you navigate the yield farming space with confidence. Let’s dive into this week’s picks!

Thanks to our sponsors for making it possible to share this content for FREE!

| NEWSLETTER CONTINUES BELOW |

🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH

🐡 PUFFER FINANCE | LIQUID RESTAKING FOR THE LITTLE FISH

🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE

⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED

(We suggest reading this on our website vs email as the email version sometimes gets cut off)

Before we get started, this is never a recommendation or endorsement to buy any token(s) mentioned, and here’s a few risks to consider:

• Smart contract risk in any underlying protocols

• Pool size and liquidity depth

• Front-end spoof attack on an app frontend

• An economic design exploit

• Colluding signers on any multisig

• Systemic risk across DeFi, including stablecoin depegs

Stablecoin Yields

(Note: we’re now showing non-boosted yields and boosted yields that include rewards)

Here’s links to the top 5 yielding stablecoin pools (non-boosted) for the past 7 days according to Vaults.fyi:

7.55% - Syrup USDT

7.51% - Resolv RLP

7.35% - sDOLA

6.97% - Fluid USDT

6.77% - Syrup USDC

Full list below:

Here’s links to the top 5 yielding stablecoin pools (boosted) for the past 7 days according to Vaults.fyi:

9.33% - Compound Blue USDT

8.90% - Gauntlet eUSD Core

7.94% - Compound Blue USDC

7.85% - Euler Yield USDC

7.57% - Euler Yield USDT

Full list below:

Bonus: There are two new Balancer stablecoin pools that are on my radar this week. It’s made up of savUSD (Avant), upAUSD (Upshift) and sdeUSD (Elixir)

This other pool below is made up of savUSD (Avant), USDC and AUSD (Agora)

I’m told with these pools if there’s some big sell off or FUD regarding one of the stables, the swap fee auto-adjusts. This helps with peg stability and it improves the LP returns under those conditions.

Bonus: I’ve been watching this pool on Upshift for a few weeks and it now has more TVL and still showing 27% APY:

Bonus: Tokemak’s AutoUSD pool continues to grow. This week it’s yielding 13.05% APY (6.56% base + 6.50% TOKE).

They’re always integrating more yield sources on the backend:

ETH & BTC Yields

(Note: we’re now showing non-boosted yields and boosted yields that include rewards)

Here’s links to the top 5 yielding ETH and BTC pools (non-boosted) for the past 7 days according to Vaults.fyi:

6.73% - MEV Capital wETH

5.16% - Gauntlet WETH Core

4.98% - Instadapp ETH v2

4.82% - Re7 WETH

4.55% - StakeWise sETH2

Full list below:

Here’s links to the top 5 yielding ETH and BTC pools (boosted) for the past 7 days according to Vaults.fyi:

7.38% - Compound Blue WETH

7.01% - MEV Capital wETH

6.74% - Euler Prime WETH

5.55% - Gauntlet WETH Core

5.10% - Re7 WETH

Full list below:

Bonus: I posted here last week about Smart Collateral and Smart Debt on Fluid. I wanted to post again on this as I think it’s just incredible.

I hadn’t moved any of my borrow positions into one of these setups, but I finally did. I’m now in a Smart Debt position where my net APY is fluctuating between ~3.6% - 4%:

In this arrangement you’re essentially OK with having your debt being split between USDC or USDT. Your debt is used under the hood in a USDC - USDT LP and trading fees from this are routed back to you the user. Meaning, your idle debt is being put to use and earning fees.

Why is this important? In the setup above, due to utilizing smart debt, your net APY is positive even while borrowing 50% of your collateral position in USDC or USDT.

Meaning, you’re getting paid to borrow!

Bonus: There’s two stable ETH pools from Dinero on Velodrome that look interesting. They are concentrated liquidity pools, but the yields are still juicy. Mint superETH here. Link to these farms here:

Yield Trading

Checking in on what Pendle is cooking this week!

Stables

BTC

ETH

Leverage Looping Yields

Looping can be a very effective leverage strategy to earn more yield, but one must be cautious to monitor borrowing rates, and liquidations which are a necessary cost to generate such leveraged yields (we don’t recommend max leverage). It’s also important to know if you’re going after points or real yield when looping.

We’re highlighting Fluid “Multiply” again, but caution as this is a pretty wild loop pool. It involves looping a volatile Smart Collateral position with the mirrored Smart Debt position:

In the scenario above, I’ve scaled back the leverage to ~3x and still showing a 257.87% APY. However, I feel like this would require a lot of monitoring.

I haven’t tried this myself, but its definitely interesting in the right regime. I asked DMH for a bit further explanation of what’s happening:

That’s all for now, thanks for checking it out!

• Follow Nomatic on X (Twitter) here

• Follow DeFi Dad on X ( Twitter) here

• Subscribe to The Edge Podcast here

• Watch The Edge Podcast on YouTube here