Yields Of The Week: Nov 9 - Nov 15, 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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🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH

🐡 PUFFER FINANCE | LIQUID RESTAKING FOR THE LITTLE FISH

🔁 ORIGAMI FINANCE |  TOKENIZED AUTOMATED LEVERAGE FOR LOOPING

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:

29.18% - DAI-2 yVault

22.77% - Aave V3 sUSD

22.73% - Fraxlend FRAX (WBTC collateral)

14.7% - Fluid Tether USD

14.58% - Moonwell USDC

Full list below:

Bonus: We highlighted Resolv Labs last week and the yield has continued to tick up as you can see below:

Bonus: While this doesn’t really fit neatly into Stablecoin or ETH yield, this Gammaswap WETH/USDC pool is showing incredible yields and with ETH acting like a stablecoin lately (LOL) the IL risk (Uni v2) could be worth it with this generous ~80% APY. See below from DeFi Devin:

ETH/BTC Yield

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

8.11% - Moonwell Flagship ETH

8.00% - Re7 WETH

7.98% - Gauntlet WETH Core

7.26%% - Instadapp ETH v2

5.95% - WETH-2 yVault

Full list below:

Bonus: This cbBTC vault from Harvest Finance that utilizes Moonwell under the hood is still yielding a nice 9.53%:

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.

This week we’re going to look at the top BTC/Stablecoin PT yields.

Here’s the top 5 PT yields for BTC on Pendle this week:

7.064% - uniBTC (Corn)

6.655% - LBTC (Corn)

6.275% - PumpBTC (Corn)

6.028% - SolvBTC.BBN (Corn)

5.395% - eBTC (Corn)

Full list below:

Here’s the top 5 PT yields for Stablecoins on Pendle this week:

20.77% - sUSDe

18.44% - sUSDe

18.35% - USDO++

18.1% - USDe

17.83% - USDe

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. It’s also important to know if you’re going after points or real yield when looping.

Euler’s new protocol seems almost endless in it’s modularity and customizability. I think we’re still scratching the surface on what we will see people build on top it.

This week, we have to highlight the Euler Multiply page (looping). There’s some serious black magic going on here:

The “Max ROE” here is pretty wild at 444.62%, but keep in mind that’s using the max leverage which is not recommended. Therefore, you shouldn’t expect to hit quite this high of yield, but you can play with all of this in the app.

To better understand the yield here, Stephen from DeFi Dojo has been writing some great threads on how to use Euler, but also, the risks and where the yield comes from (rEUL):

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

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