Yields Of The Week: Nov 2 - Nov 8, 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

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

15.57% - Moonwell Flagship EURC

15.34% - Aave V3 sUSD

13.60% - Convex Curve Lending sUSDe/crvUSD

13.16% - Morpho eUSD

12.30% - Fluid Tether USD

Bonus: Another stable yield we’ve recently heard about is Resolv Labs. See DeFi Dad’s thoughts below:

Bonus: Term Finance just launched an automated front end for their auctions that provides users fixed term yields for various durations. Their Usual USD0++ earn market is offering 12.75% yield ( Pills + Term points on top and not included in APY calc) with a December 5th maturity date. See the Tutorial below that DeFi Dad did recently:

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: Here’s a new cbBTC vault on our radar from Harvest Finance that utilizes Moonwell under the hood and yielding a 15.74% APY on cbBTC currently:

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:

46.77% - sENA

47.91% - rsENA

15.97% - sUSDe (Mar 2025)

15.66% - sUSDe (Dec 2024)

14.68% - USDe

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.

We wrote up some nice BTC looping strategies on Contango in our October 12th - 18th YOTW. We wanted to revisit these two BTC pools which are based off of Pendle PT positions. Since covering them, the max ROE % has actually gone up on both and is sitting at 42.09% and 32.85%. While we don’t recommend ever maxing out the leverage on these positions, it’s nice to see the yield trend in the right direction. With these pools expiring on December 2024, it’s likely new Pendle pools will be created for these assets that have longer duration expiries allowing users to loop up once again:

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

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