Yields Of The Week: Jan 18 - Jan 24, 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. 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!

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🖥️ PYTH | SMARTER DATA FOR SMARTER CONTRACTS

⌛️ HOURGLASS | LEVERAGE AIRDROP FARMING

🪄 TANSSI | LAUNCH YOUR SYMBIOTIC RESTAKED NETWORK IN MINUTES

📈 ⁠iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED

🧪 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

⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED

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:

25.54% - Yearn-Ajna DAI Vault

22.91% - Convex Curve Lending sDOLA/crvUSD

22.10% - Euler Prime USDC

20.56% - Gauntlet eUSD Core

19.93% - f(x) Protocol Morpho USDC

Full list below:

Bonus: Term Finance introduced a really novel new vault product recently. The founder of Term Labs, Dion Chu wrote a nice overview for our newsletter here:

Basically, this vault product will allow Term depositors to accrue high passive real yields. The vaults are managed by risk curators and assets will either be in fixed-term loans on Term or deposited in AAVE. The curators will have the latitude to rebalance assets into whatever is the higher rate.

ETH & BTC Yields

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

9.67%- Iconic Ecosystem WETH

9.55% - Swaap Lend WETH

9.15% - Instadapp ETH v2

8.91% - Euler Base WETH

8.14% - Gauntlet Iconic WETH

Full list below:

Bonus: Tokemak Autopools continue to be a strong source of yield with their flagship AutoETH. Yields actually went up from last week and are currently yielding 10.68% (6.49% base + 4.19% TOKE):

Bonus: DeFi Dojo made a nice thread of some of his favorite ETH yields this week that are worth checking out:

Yield Trading

Pendle - I’ve been personally farming the Resolv airdrop (my referral) and something that slipped by my radar was Resolv Base pools going live on Pendle. This is meaningful because the newer Base YT pools are getting a lot more points distribution compared to the older ETH YT pools.

I actually think these new Base YTs are a good opportunity to play catchup if you are coming to Resolv late and are bullish on the airdrop. See below:

Note: there is no penalty if you want to switch from ETH YT pool to the Base YT pool. I asked a member of Pendle and they confirmed you will receive points up until you pull them and then receive points again once they are redeployed into the new pool. I’m currently weighing the risk/reward of migrating my YTs over to this new Base pool and think it makes sense.

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.

Fluid just updated their UI for looping and are calling it “Multiply” see the details below:

The GHO opportunity that DMH is highlighting below is offering a max leverage APY of 46.43% at the time of writing this, but definitely don’t use the max. ~30% APY looks attainable with a more conservative amount of leverage:

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

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