Thread by @phtevenstrong

You've made your choice, time for me to deliver

🚨BEST BTC YIELDS/OPPORTUNITIES ISSUE #2🚨

As always, bookmark this so you don't lose it

1) @build_on_bob🤝@eulerfinance

TL;DR
⇒ 34-67% APR Organic (+Points)
⇒ >100% APR w/ Incentives

BOB is a BTC-centric EVM superchain. More importantly, they're running an incentives campaign.

You can find most of the incentives on @merkl_xyz.

Anywho, RIGHT NOW you can loop BTC derivates for over 100% APR.

BUT THERE ARE A FEW IMPORTANT POINTS TO MAKE:

1) Slippage matters. I do NOT recommend auto-leveraging through illiquid markets. You can get rekt.

2) Some of the incentives are in rEUL which has a vesting mechanism.

3) Unwinding can also wreck you if you do it automatically, I recommend manually doing it.

FINALLY, the LBTC markets, with over $12,000,000 BTC to borrow are 34% APR and 67% APR respectively.

PLUS POINTS. These are the best @Lombard_Finance opportunities out there, hands down.

2) @SolvProtocol solv.BTC.BNB

Solv has a new BTC derivative that allows you to participate in Binance Launchpad opportunities or staking yield with you BTC.

On top of that, you get points:
► @lista_dao
► @AstherusHub
► @kernel_dao
► @SolvProtocol (s2)

This allows for a 5-10% native yield on a BTC derivative, and a speculative play on the underlying protocol points.

I hope it also gets some composability!

3) @MorphoLabs🤝@Contango_xyz🤝@pendle_fi

With a whopping 8.5 BTC principle to deploy into this, pendle PTs strike again.

Expiry: May 29th
Max Yield: 23.1%
Leverage: 9.27x
Oracle: Pendle AMM

This is on @base and an incredibly attractive yield for the Base airdrop speculator who's also a BTC maximalist.

4) cbBTC on @KaminoFinance

Currently, Kamino has an 300K/mo incentives package specifically to borrow USDC against cbBTC.

That means the net cost to borrow stables against cbBTC is roughly 2%.

WHICH MEANS, if you can get a yield higher than 2%, you can get a positive yield on your cbBTC collateral.

EXAMPLE:
1) Collateralize $100,000 cbBTC
2) Borrow $50,000 USDC
3) Bridge to Base
4) Loop sUSDS / USDS on @growcompound for 27%

RESULT:
➢ 12.5% net LTV
➢ $51K BTC liquidation level
➢ Potential Base Airdrop participation

5) Liquidity Plays

This one is sneaky. It's the liquidBeraBTC BOYCO vault receipt token.

It's depegged by 1% because you can't redeem it until Boyco ends.

Here, you can see 70K 7-Day volume through 130-Day Liquidity.

That annualizes to 30% APR.

The caveat, of course, is that you'd have to either put buy-side liquidity in WBTC and wait for more sell pressure to enter, or buy some liquidBeraBTC from this 1% fee tier to enter, which may eat the later gains.

This is NOT for the greenhorn yield farmer.

Those are my top 5

BTC is notoriously difficult to find yields on. Nevertheless, I hope you found this useful.

If there are any obvious BTC yields that I missed, PLEASE LET ME KNOW in the comments below.

Ambassadorships Mentioned:
► Solv
► Compound
► Euler
► Kamino
► Contango
► Pendle