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- Yields Of The Week: Oct 26 - Nov 1, 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!
Special thanks to our sponsors who make it possible to provide FREE content like Yields of the Week!
♦️ 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
Here’s links to the top 5 yielding stablecoin pools for the past 7 days according to Vaults.fyi:
21.56% - Moonwell Flagship EURC
14.50% - Arcadia USDC
13.66% - Moonwell Flagship USDC (see tutorial link below!)
(Greater than $1M TVL)
ETH/BTC Yield
Here’s links to the top 5 yielding ETH/BTC pools for the past 7 days according to Vaults.fyi:
15.12% - mevETH
11.44% - Re7 WETH
11.22% - Moonwell Flagship ETH
10.83% - Gauntlet WETH Core
6.99% - Arcadia WETH
Full list below:
(Greater than $1M TVL)
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.
Here’s links to the top 5 yields on Pendle this week sorting by PT fixed yields:
47.26% - sENA
47.10% - rsENA
15.04% - sUSDe
14.68% - USDe
14.35% - rsUSDe
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.
Kamino - Kamino is a DeFi protocol that unifies lending, liquidity, and leverage into a single DeFi product suite. Kamino offers a one-click vault product called Multiply that allows you to leverage your exposure to yield-bearing assets. We highlighted jitoSOL and mSOL a few weeks back, but also wanted to showcase JLP as well.
This post from Route 2 FI reminded me of the JLP opportunity and it’s a good breakdown of what’s involved in it as well:
Interesting DeFi play with $JLP on Kamino.
For those who don’t know: JLP consists of 45% SOL, 10% ETH, 10% BTC and 35% stablecoins. But JLP holders also get fees paid by traders and a part of the Jupiter traders PnL.
75% of all fees generated by traders on Jupiter perps go to… x.com/i/web/status/1…
— Route 2 FI (@Route2FI)
2:41 PM • Oct 31, 2024
With maximum leverage the JLP can yield 91.57% APY. However, it’s not advised to use the maximum allowable leverage possible. Multiplying with JLP offers high yields on an asset with a bit lower volatility.
That’s all for now, thanks for checking it out!
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