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- Yields Of The Week: Dec 28 - Jan 03, 2025
Yields Of The Week: Dec 28 - Jan 03, 2025
Curating The Best Yields In DeFi
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!
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⌛️ HOURGLASS | LEVERAGE AIRDROP FARMING
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🧪 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
🐐 GOAT NETWORK | A BITCOIN L2 TO EARN WITH BTC & DOGE
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:
28.52% - Convex Curve Lending sDOLA/crvUSD
26.74% - Apostro Resolv USDC
24.30% - Morpho eUSD
23.97% - Convex Curve Lending sUSDe/crvUSD
23.70% - Gauntlet eUSD Core
Full list below:
Min $1M in TVL
Bonus: I think this marks 6 weeks in a row where where we’ve highlighted Neutral Trade. The yield is still high at 71.28%
Bonus: Coinshift has had consistent 35% - 40% yield on thier new csUSDL token. One thing I’ll call out is that some of the rewards APY is coming from MORPHO token and some is coming from future SHIFT token (not live yet). Check out this thread for details:
The onchain economy is evolving, and with it, the way individuals and businesses manage their portfolios & treasuries.
Meet csUSDL: the first Liquid Lending Token (LLT) backed by a RWA.
Secured by the best, csUSDL delivers institutional-grade yield, security, and transparency.
— Coinshift (@0xCoinshift)
2:00 PM • Nov 21, 2024
Bonus: Ether.fi’s UltraYield Stablecoin Vault comes with ~30% yield + Veda and Ether.fi points. Check out the details of how this vault works under the hood below:
Under the hood of @ether_fi's 30% APR stablecoin vault.
Here's what I found:
40% staked with @usualmoney (43% APR)
29% in vaults on @MorphoLabs (28% APR)
16% lent USDC on @aave (12% APR)
7% lend USDT on @aave (9% APR)
9% in reserves (0% APR)Link:
debank.com/profile/0xbc0f…x.com/i/web/status/1…— Stephen | DeFi Dojo (@phtevenstrong)
5:24 PM • Dec 26, 2024
Bonus: f(x) v2 is live! Check out this piece the team wrote up yesterday:
Their Stability pool is currently yielding around ~41% APR:
ETH & BTC Yields
Here’s links to the top 5 yielding ETH and BTC pools for the past 7 days according to Vaults.fyi:
22.91% - Swaap Lend WETH
16.64% - Seamless cbBTC
9.62% - Euler Prime TBTC
11.69% - Euler Prime wBTC
12.06% - Euler Prime WETH
Full list below:
Min $1M in TVL
(One thing to keep in mind, many of these Euler pools are incentivized by rEUL token rewards that come with a 6 month vest)
Bonus: Once again, Neutral Trade has some of the highest yields in all of DeFi on majors right now:
ETH Super Staking - 23.31%
SOL Super Staking - 24.85%
Yield Trading
Pendle - The biggest news to me this week on Pendle was the addition of a VIRTUAL/cbBTC yield market on Base. Check out their post below for more details:
Introducing the first of its kind on @base:
The @AerodromeFi VIRTUAL/cbBTC yield market
Where AI Agent meets liquidity marketplace meets yield-trading 🤖
— Pendle (@pendle_fi)
12:57 PM • Jan 2, 2025
We’re going to start showcasing more more protocols here outside of just Pendle. We really like what Hourglass and Spectra are doing in the fixed yield, yield trading/points space.
Hourglass - For instance, right now one of the best places to get leveraged points on the BTCFi ecosystem is through the Hourglass Lombard vault. This will give you exposure to Lombard, Veda, Corn and Babylon. PYTs are their version of Pendle YTs, but operate a bit differently under the hood:
Spectra - Spectra is my preferred option to go after Resolv points right now. I compared Spectra with Pendle and Spectra seems to be more competitive in this particular market. It’s currently offering 19.76x leverage on these Resolv points whereas Pendle is around ~16x (at the time of writing this):
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.
I’m writing up another new protocol this week called Loop. With anything new, take extra precautions.
Loop offers some ETH looping strategies at the moment via Spectra and are generating up to 34% APR, but there’s even more to this that I share below:
The Looping side of the protocol generates yields for the staking side. The fees from borrowers looping are passed on to the staking side as I understand it. Their lpETH can be staked for slpETH and right now the slpETH yield is ~88% . Checkout this excerpt from their docs:
One thing to note is that your slpETH can be unstaked at anytime. However, there is a 7 day unstaking period before you receive your lpETH back.
That’s all for now, thanks for checking it out!
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