Yields Of The Week: Dec 07 - Dec 13, 2024

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. Expect hands-on tutorials, expert strategies, and everything you need to master the digital asset space—starting with the best yields the market has to offer. Let’s dive into this week’s picks!

Special thanks to our sponsors who make it possible to provide FREE content like Yields of the Week!

♦️ REDSTONE ORACLES | THE FASTEST GROWING ORACLE FOR DEFI

🧪 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

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

Here’s links to the top 5 yielding stablecoin pools for the past 7 days according to Vaults.fyi and what we could dig up:

38.49%% - Convex Curve Lending sDOLA/crvUSD

31.49% - Convex Curve Lending USDe/crvUSD

30.75% - Convex Curve Lending sUSDe/crvUSD

26.07% - Usual Boosted USDC

26.07% - Smokehouse USDC

Full list below:

Bonus: As mentioned last week the Coinshift team have launched an innovative new Liquid Lending Token (LLT) recently that’s starting to show some nice yields - currently 38.14%. These yields have held up well since I posted about it last week. If you missed it last week, here’s some of my longer form thoughts on the team and their csUDL product:

Since this tweet, I’ve actually got to know many of the team very well. They’re all fully doxxed OG crypto builders.

Bonus: The Usual team are still showcasing some of the best stable yields in DeFi right now. You can see the yields below ranging from 38% - 60% APY:

ETH & BTC Yields

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

8.87% - Gauntlet LRT Core

8.84% - Steakhouse ETH

9.13% - Relend cbBTC

8.84% - MEV Capital wETH

8.79% - Flagship ETH

Full list below:

Bonus: Once again, Neutral Trade has some of the highest yields in all of DeFi on majors right now. However, some of these pools are new and < $1M in TVL:

USDC Staking - 90.52% APY

BTC Super Staking - 28.59%

ETH Super Staking - 32.27%

SOL Super Staking - 27.16%

Bonus: Tokemak’s Autopilot ETH yields have been really impressive since inception:

Pendle

Pendle - The easiest way to get started with Pendle is go to their markets page and filter by BTC, ETH, Stables, Points or RWAs. There’s something for almost everyone here. It’s truly becoming the front page of DeFi yield.

The front page of Pendle is still dominated by Ethena and Usual pools this week:

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.

This looping strategy is once again from Euler “Strategies”, they’ve really made an impressive comeback and are showcasing some highly competitive yields:

And here’s what the current yields look like for their strategies. You can click here to see them all yourself:

If you’re new to Euler Finance and needing some catchup on the protocol vision, check out this episode of The Edge Podcast featuring Euler Founder Michael Bentley.

Bonus: If you’ve followed myself or DeFi Dad on X, you’ll know we’ve been very bullish on Fluid for a long time. While, I don’t know that this constitutes as a leverage loop, it’s a pretty wild new DeFi primitive that deserves some exposure. Follow this experiment that lito.eth shared recently:

One thing to keep in mind with this above strategy is that it’s a volatile pair and will be susceptible to Impermanent Loss (IL). However, the high APY could sufficiently reduce some of the worries of that depending on how ETH moves in relation to USDC over the short to medium term.

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