Yields Of The Week: Jan 19 - Jan 31, 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

📈 DEFINITIVE | THE MOST ADVANCED PLATFORM FOR ONCHAIN TRADING

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

***Note: We had a chat with Royco, Kodiak, Dolomite and Origami founders/core contributors today. This conversation is fairly timely as depositing into these Boyco market opportunities is only valid until Feb 3rd. This is a great listen to get you up to speed (FYI - lots of alpha in the last 15 min - everyone shares their favorite opportunities):

Stablecoin Yields

(Note: we’ve upped all minimum TVL thresholds from $1M to $10M)

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

24.05% - Ether.Fi Liquid USD

19.66% - Euler Prime USDC

16.54% - Euler Yield USDC

15.88% - Seamless USDC

15.18% - Seamless USDC Vault

Full list below:

Bonus: Neutral Trade is back in YOTW with a listed APY of 116.43% on their USDC - JLP Delta Neutral pool.

Note: You can click on the 7D, 30D and 90D to show you different APYs over different periods and there’s more information on how they calculate these yields under “learn more” tab:

Bonus: This Term Finance vault product allows 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. Read more about it here:

Bonus: Stephen from DeFi Dojo does such a great job curating yield alpha in the space and he made another timely post this week:

ETH & BTC Yields

(Note: we’ve upped all minimum TVL thresholds from $1M to $10M)

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

9.28%- Index Coop hyETH

8.63% - Ionic Ecosystem WETH

6.45% - Gauntlet WETH Core (Base)

6.09% - Re7 WETH

6.04% - Gauntlet WETH Core (ETH)

Full list below:

Bonus: More Neutral Trade opportunities for SOL, ETH and BTC:

Bonus: Tokemak Autopools continue to be a strong source of yield with their flagship AutoETH. The AutoETH pool is currently yielding 8.74% (4.96% base + 3.78% TOKE):

Yield Trading

Pendle - I wrote up the new Resolv pool (my referral) on Base last week and I didn’t realize that the Pendle Intern had already done some math on it. I still think this particular new Base pool represents one of the better Pendle opportunities right now for the YT side of things. It will obviously be heavily dependent on where the final FDV lands, but here’s the assumptions to think through below:

I want to share another perspective on the Resolv math from “sana”. Sana is quickly becoming one of my favorite sources for Pendle alpha. This analysis is fantastic and quite in depth:

Spectra - This is a bit early as this pool is still being setup, but I think it’s worth paying attention to in the coming weeks as more liquidity comes in and announcements are made from Spectra and Coinshift on how they will actually reward the PT + YT side.

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.

There’s a lot of really nice opportunities on Gearbox right now for looping. Here’s a few that stood out to me:

BTCFi:

Pendle eBTC PT: ~54% APY

Stablecoins:

Pendle sUSDe PT: ~55%

Savings crvUSD: ~65%

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

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