Yields Of The Week: Oct 19-25, 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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♦️ REDSTONE ORACLES | THE FASTEST GROWING ORACLE FOR DEFI

☀️ SUMMER.FI | THE BEST PLACE TO BORROW AND EARN IN DEFI

🧙‍♂️ MERLIN CHAIN | THE RISE OF BITCOIN'S LARGEST LAYER 2

🔥 FBTC | YOUR GATEWAY TO BITCOIN EARNINGS

🐡 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

New this week and topping the charts is Synthetix’s sUSD pool on Aave V3 (Optimism). We have another strong showing this week from Morpho pools as well as Convex. Here’s the top yields for the past 7 days according to Vaults.fyi:

ETH/BTC Base Yield

Instadapp Lite - The Instadapp team has demonstrated a robust history of managing assets worth billions of dollars over a five-year period without experiencing any security breaches or exploits. Their Lite vaults provide highly competitive risk-adjusted yields for ETH and BTC:

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.

Once again this week, Ethena is everywhere on this list including Usual’s USDO++ pools. The only new entrant to the list this week is syrupUSDC from Syrup.Fi

Usual - Last week, we discussed the USDO++ pool with its March 26, 2025 expiry and the clever lottery mechanism rewarding YT holders with 5 billion pills across 10 draws. Today marked the first draw, and a lucky winner took home 1 billion pills! The winning wallet is linked in the tweet below—hopefully, it was one of our readers!

Ether.fi - The last opportunity we want to highlight for Pendle this week is a collaboration between Pendle and Etherfi that utilizes Eigenlayer’s liquid stake EIGEN.

If you’ve been unsure of what to do with your EIGEN and haven’t wanted to sell it, you can stake it at Etherfi. By doing this you can earn Etherfi loyalty points, LRT points and Veda points. This is all accessible here:

Once staked on Ether.fi you can take the eEIGEN to Pendle and deposit in the LP to earn a multiplier of 3x ETHFI points and 2x Veda points. This is accessible here:

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.

Dolomite - Dolomite is a very feature rich next-gen money market. They’ve recently launched “Strategies” which allow you to easily click into some nice high yielding premade strategies (hence the name).

One of the most impressive yields this week is their looped GRAI position (from Gravita) yield around ~50%:

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

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