DeFi Decrypted – Yield Alerts
11 subscribers
72 photos
8 links
Finding High Yields with Minimal Risk
Download Telegram
ETH has fallen a lot in the past 24 hours, and many people may be tempted to "buy the dip". If so, it's worth considering putting that ETH the UST-ETH farm on SushiSwap (Harmony), which is currently paying out 149% APR!
AVAX and NEAR are both promising DeFi Layer 1s, so why not combine them for 126% APR! This is available on Trisolaris on the Aurora network, which is still offering free gas fees.
If you use Anchor Protocol, chances are you will have some aUST (Anchor UST) in your wallet gathering dust. On Loop Markets (Terra Network), you can provide aUST-Luna liquidity and earn 47%. It's a great way to make use of an idle asset.
Synapse has a lot of great stablecoin pools, and they've recently added a ETH pool for Harmony. Where else in DeFi can you get a 36% staking yield on ETH? The pool is split between nETH and 1ETH, but you only have to provide a single asset. It's a simple high staking yield for Ethereum.
There's a lot of buzz about Fantom at the moment, and Beethoven Finance is one of the best places to farm on the Fantom ecosystem. A quad pool consisting of USDC-FTM-BTC-ETH is currently paying out 71% APR on beets.fi, and you only need to provide any of one these assets (or all 4 if you want).
Following on from yesterday's post about Fantom, another good place to put your FTM is in a farm on SpookySwap. The FTM-MIM pool looks pretty good at the moment, with 109% APR (MIM is a stablecoin).
As we covered a few days ago, the Aurora network is currently offering free gas fees and the Trisolris dex offers some great farming opportunities. As of yesterday, Luna rewards are now live on Trisolaris, meaning you can get an additional 10% Luna added to the regular Tri rewards for the Near-UST pair. There's also a similar pool for Near-Luna.
Metis is an Ethereum layer-2 that started to become popular recently, and offers an Ethereum-like experience for much cheaper gas fees. Netswap is the top DEX on Metis, and as you would expect for a new chain, offers very high yields. The pick of the bunch could be the ETH-Metis pair, which is currently paying out nearly 200% in combined APR. The only downside is that Metis isn't particularly easy to bridge to at the moment, but hopefully that will improve in future.
As the BSC ecosystem has matured, it's become harder and harder to find really juicy yields on BSC. However, it's still worth browsing Beefy Finance now and again, and the current 77% APY available for NEAR-BNB is definitely worth a look. There's a lot of buzz around NEAR at the moment, and Binance usually takes steps to keep propping up the price of BNB, so it's not a bad pair at all, at least in the short-term.
The Tricrypto pool on Curve (Harmony network) currently offers very high ONE rewards, which is worth checking out (combined APR of around 28%). The pool consists of 3 stablecoins, BTC, and ETH, and is a good choice for low-risk, high APR investment.
If you own any Solana, it's definitely worth considering the liquid staking service provided by Marinade. Not only can you earn 6% APY on your SOL, but you can then take the mSOL you receive and earn LP income on it at Raydium, for example in the mSOL-USDT pool which is generating upwards of 20%. It's a great way to get maximum value out of your SOL.
On days when the market is selling off you can make pretty good business as an LP provider on pairs including stablecoins. Lots of people are selling ETH for USDC, and lots of people are using USDC to buy the dip, and therefore the volume is high and the yield gets pushed up to over 100% APR (e.g. on QuickSwap).
The Luna-bLuna yield on TerraSwap is back up to 19.4%, which is significantly better than the Luna staking yield of roughly 8%. It's a good impermanent loss-free farm that pays out fully in fees (i.e. Luna)
The SpookySwap token has held up really well through the recent crash, and the popular USDC-FTM pool on the DEX is still producing incredible yields. Over 200% at the height of the crash, it's still paying out 139% (and mostly in fees, with only about 10% of the yield being token rewards).
Beefy Finance is always worth a browse when looking for yields, and it has the benefit of being an auto-compounder, so you don't have to keep claiming rewards. The ETH-MATIC pool (via ApeSwap) is paying out a solid 32%, and ETH and MATIC are somewhat correlated (at least long-term), which should hopefully minimise impermanent loss.
TerraSwap continues to provide great yields on solid assets. Currently more than 100% on Luna-UST!
The ultra-high volumes on Fantom at the moment continue to produce bumper yields. 232% on FTM-MIM on SpookySwap (MIM is a stablecoin) is great regardless of any impermanent loss.
The 21% APY on two kinds of USDC on Beefy Finance (Avalanche network, via Trader Joe) is still one of the best stablecoin yields around, and with absolutely zero impermanent loss.
For Solana holders, it's always worth checking out the SOL-USDC pool on Raydium. Currently paying out 34%!
On the Cronos network it's currently possible to get over 100% APY on the ATOM-CRO combo on Beefy (via VVS). Atom is a solid project and a good long-term investment, and holding CRO is a bet on the Crypto.com exchange. Getting such high interest certainly sweetens the deal!