Stephen | DeFi Dojo Profile picture
Jul 21 18 tweets 6 min read Read on X
Don't forget to get yield on your profits.

🚨BEST STABLECOIN YIELDS ISSUE #13🚨

There are quite a few new ones...

(Bookmark for later reference)

🧵👇Image
1) Everyone's new favorite vault on @HyperliquidX

@0xHyperBeat's USDT vault has been averaging around 15-35% APR for the last week (largely due to high funding rates).

It also generates hyperbeat points, and potentially HyperEVM points. Image
2) The blacksheep makes a comeback

@FalconStable ran into turbulence recently but has committed to fully transparent proof of reserves; the yields have been pretty great since.

The peg has also been fully restored, loopers and arbitragers rejoice.

35-60% APR on @eulerfinanceImage
3) @ResolvLabs has been a major beneficiary of this run up.

RLP: 27% 7d APR
wstrUSR: 13.75% 7d APR

And, if you wanted to get cute and leverage on @eulerfinance:

RLP: 97% Leveraged APR
PT-RLP: 65% Leveraged APRImage
Image
4) @avax are live again!

This means
► 96% on sdeUSD
► 60% on AUSD
► 47% on deUSD
► 47% on USDC

All on @eulerfinance

etc.
DeFi Summer 2.0 is hereImage
5) But also, @BlackholeDex is getting spicy.

30-70% APR on USDC/USDT for their ve(3,3) dex. Image
6) @merkl_xyz imo is still slept on

There are a few opportunities worth looking at, but one of them is lending $USDS on Morpho.

28% APR at the moment

➢ 10% Organic
➢ 18% $IMF incentives Image
7) @plumenetwork is an absolute sleeper

➤ 20% to lend pUSD @MorphoLabs Re7 vault
➤ 21% to lend pUSD on the @MEVCapital vault

...but wait! There's more Image
8) One major benefit of the Plume pUSD is that you can mint and redeem it for USDC.

But let's check out looping for @NestCredit.
► 63% on looped nBASIS
► 120% on looped mMEV
► 80% on looped nCREDIT

Note: Nest assets need 10 days to unstake, so unwinding can be tricky Image
9) Quick reminder about @gauntlet_xyz

A casual 12% for lending USDC to Gauntlet's Alpha product.

When composability, Gauntlet? When can I leverage this? Image
10) @reservoir_xyz's srUSD still at 11% APY

MEANING, looping wsrUSD is spicy.
⇒ 60.5% wsrUSD/USDT Image
11) For the leverage averse, @summerfinance_ is still one of the best places.

► 7-10% Organic APR
► +4-7% $SUMR incentives

Total: 11-17% non-leveraged APR

Plus bonus for using our ref link:
summer.fi/earn?referralC…Image
12) h/t to @KaminoFinance for having the best consistent stablecoin positions on @solana

18% on leveraged @syrupfi Image
13) I also just want to mention...

@revertfinance, which is a protocol that deserves more love than it gets, has 13% APY to lend USDC to CLP leveragoooors on their platform.Image
14) @felixprotocol

11.5% for the feUSD stability pool (plus the chance to get some cheap liquidated BTC or HYPE.

You can also toss those on @RumpelLabs and farm tokenized points on those for a real APR of 16%, points minted weekly. Image
15) @LiquityProtocol, @SmarDex, @AuraFinance

32% APR right now on BOLD<>WUSDN

One of the highest stablecoin LPs out there

Love to see it. It's a great way to farm $BAL as well. Image
16) Last one! Just reminding you that you can leverage @pendle_fi LPs.

► 50x sats
► 20% organic yield at 10x

You get the 50x sats on 65% of the position

50x sats are valued at 13% APR

SO, the IY of the points you're getting is

10 x 0.65(13%) = 84.5% additional APRImage
THAT'S IT!

I hope you enjoyed some of the new additions.

There are so many yields out there now, it's nuts.

Ambassadorships mentioned:
► Pendle
► Euler
► Resolv
► Reservoir
► Liquity
► Falcon
► SummerFi
► Avalabs

• • •

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More from @phtevenstrong

Jul 4
BTC is up once again.

And once again I am searching for yields.

(and recommending you bookmark this for reference)

🚨BEST BITCOIN YIELDS ISSUE #7🚨

🧵👇Image
1) Let's start on @solana

Weird place to start, I agree, but hear me out:

@RateX_Dex has fragBTC fixed APR at 5.5%

@ExponentFinance has it at 4.45%

As far as I know, those are the highest fixed rate APRs on BTC anywhere.

I really hope these become composable.Image
Image
2) @MidasRWA MBTC on @eulerfinance

mBTC gets a yield around 3% natively.

You can then loop it up on the @apostroxyz market on Euler 6.7x for a total of 10% net APR. Image
Read 9 tweets
Jul 2
"USDC-in USDC-out" describes yields where you deposit & withdraw USDC with no swapping or fees.

These strategies are a crucial part of any well-managed stablecoin portfolio because USDC is the de-facto base stablecoin for most of EVM defi.

Let's look at a few good ones 🧵👇Image
1) @summerfinance_'s Lazy Summer

These are "lend aggregation" positions.

They lend on Silo, Euler, Aave, etc. to maximize the USDC yield for the end user.

That nets around 7.4% organic.

You also get 9-22% extra from $SUMR rewards (@ 150M FDV).

summer.fi/earn?referralC…Image
2) @reservoir_xyz srUSD

It's no secret I've been an srUSD maximalist for a long time. It's been my largest stablecoin position for months now.

Even now, just holding srUSD nets 6.7% APY + S2 points.

If you want to leverage, @ipor_io has a great vault that has been averaging ~15% as well.

h/t @vaultsfyiImage
Read 9 tweets
Jun 30
I just learned about @StreamDefi.

12% real yield +6% in projected airdrop yield, either way net positive to loop on @SonicLabs on @eulerfinance.

Best part, xUSD is USDC in / USDC out without any slippage / fees.

Would love to see looping for this on mainnet as well.

🧵👇 Image
FWIW, I'm not a Stream ambassador, but they have a great team, and I love good stablecoin yields.

Stream also has a BTC and ETH product.

► ~8% APR on xBTC
► ~13% on xETH

Wen looping? Image
They're also apparently doing a S1 points campaign. So, on top of profitable loops, you may be able farm a decent airdrop.

I think xUSD will be available on @pendle_fi soon as well. Could make for more @MorphoLabs looping fun in the near future.Image
Read 5 tweets
May 28
It's better to be a stablecoin genius than a stable genius.

🚨 BEST STABLECOIN YIELDS ISSUE #9 🚨

I am once again reminding you to bookmark this thread

🧵👇Image
1) @MidasRWA breaks $115M TVL

@MEVCapital curates the mMEV vault, which is currently rocking a 12.6% APY plus points.

► @ResolvLabs
► @SonicLabs
► @GetYieldFi
► @elixir
► @NapierFinance

So, you could deposit into the vault and let MEV go get the yield for you.

But you have some other options as well:

1) Buy YTs: right now you can buy YTs at an IY of 10%, meaning you're getting more yield than you're paying for AND you're getting all those points for free on top.

Risk: If the actual yield goes under the IY (10.66%) that you purchased at, you can experience a loss.

2) LP on Pendle for up to 24% APY plus points

3) Leverage on Morpho
(20% net APR plus 10x the points)Image
2) @0xCoinshift 🤝 @Contango_xyz

I just wrote a Coinshift PT leveraging thread:
TL;DR 41% APR

Read More:


But I failed to mention that if you don't want to spend all day leveraging, you can one-click in on Contango.

Contango shows an even higher yield PLUS Contango points, over $1M principal to deposit.Image
Read 12 tweets
May 12
BEST BITCOIN OPPORTUNITIES ISSUE #2

BTC is at $102K and there's so much to do with it.

Let's make your orange coin grow🧵👇Image
1) @SolvProtocol 🤝 @InfraredFinance

APR: 4.22% + Points
► Infrared Points
► Solv S2 PointsImage
2) @OG_RogerTennis 🤝 @protocol_fx

This was a strategy thought up by my strategist friend, Roger, and it's quite clever.

TL;DR: 9.6% APR on BTC

The idea is simple:
Have the notional value of your long be exactly 1 principal's worth more than the notional value of your short.

The math, however, gets sticky, but I built a tool for it.

Example: $10,000 Starting Capital
► Long Leverage: 3x
► Short Leverage: 2x

Using these starting conditions, you get
► Long Margin: $6,000
► Short Margin: $4,000

► Your Long Notional Exposure is $18,000
► Your Short Notional Exposure is $8,000
So your NET LONG exposure is $10,000

I.E., you keep 100% of your long exposure, but now you're farming the funding on the short.

AND, you don't pay interest on the long because you're using @protocol_fx

Do mind your entries and exits.

Someone should build a vault for this.Image
Read 10 tweets
May 1
A Tale of Two PTs

TL;DR
► 36% PT-wstUSR on Ethereum
► 27% PT-USR on Base

Let's talk about @ResolvLabs & @gauntlet_xyz

...and @MorphoLabs's "Public Allocator"
...and @pendle_fi AMM oracles
🧵👇Image
The interesting thing about these markets, is that they have more available liquidity than the "Total Supply."

Here's how that works:

Liquidity can be reallocated into the market "just-in-time" via the "public allocator contract" which allows liquidity from other markets to flow into these ad-hoc.

I.E., so long as the interest rate is compelling for @gauntlet_xyz vaults, liquidity from other markets will be re-directed from their other markets to these.

Borrowers can therefore access liquidity outside of what is immediately provited.

NEAT! Now let's look at the yields.Image
1) PT-wstUSR on Ethereum

► Fixed Rate: 8.15%
► Borrow Cost: 5.02%
► Liquidity: $1.83M
► Leverage: 10x
► Oracle: Pendle AMM

APR at 10X Leverage: 36%
Current Leverageable Principal: $203K Image
Read 7 tweets

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