Yields Of The Week: Nov 23 - Nov 29, 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!

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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:

28.68% - Overnight USD+

26.57% - Fraxlend FRAX (WBTC collateral)

24.13% - Convex Curve Lending sUSDe/crvUSD

22.92% - Fraxlend FRAX (WETH collateral)

20.47% - Convex Curve Lending WBTC/crvUSD

Full list below:

Bonus: Alpha ahead!

OK, we have to include Neutral Trade again from last week because these yields have stayed sky high! Yields on their JLP USDC strategy were at 71.58% last week and this week they’re at 96.02% (wow).

How is this possible you ask?

Lastly, it's important to note that these vaults are capitalizing on the current frothy market conditions. Additionally, there is a 24-hour withdrawal waiting period for accessing your funds should you want to pull out.

Bonus: I feel like what the chads at f(x) Protocol are doing sometimes goes under the radar, but their Earn page consistently has some of the highest stable yields in DeFi and deserve the spotlight here. Check out some of the yields on their flagship pools:

ETH/BTC Yield

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

28.36% - WETH-2 yVault

8.27% - mevETH

6.36% - Moonwell Flagship ETH

5.99% - Pyth ETH

6.03% - Re7 WETH

Full list below:

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

BTC Super Staking - 29.08%

ETH Super Staking - 44.8%

SOL Super Staking - 30.3%

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 big Pendle news this week is they launched on Base. As usual the Pendle Chads managed to time this perfectly as Base is seeing record growth right now.

Here’s the first two pools live as of today on Pendle’s Base deployment:

7.427% - LBTC

7.096% - cbETH

Full list below:

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 back this week with fresh Contango looping strategies that just went live. This strategy utilizes Ethena, Pendle and Morpho under the hood:

Check out this tweet below for the details:

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

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