DeFi yield has evolved!
2020 was about degen farming.
2025 is about risk-priced, institutional-grade income.
These 8 protocols are rewriting the entire playbook.🧵
---------------------------------
1. @solsticefi: Delta-Neutral Stablecoin Yield on Solana
Solstice is building Solana’s institutional yield layer with its stablecoin USX and YieldVault product suite.
They’ve crossed $270M TVL, and the demand curve is only rising.
Solstice gives you 3 paths to earn:
• Fixed yield → by supplying PT-eUSX
• Variable yield → by buying YT-eUSX exposure
• Extra yield → by supplying eUSX to Exponent Yield Markets
This is the cleanest delta-neutral, scalable yield engine live on Solana today.
---------------------------------
2. @makinafi: Institutional Yield, On-Chain
Makina is a non-custodial vault infra for advanced yield strategies:
delta-neutral hedging, cross-chain arbitrage, and structured yield across multiple EVM chains.
With nearly $100M TVL, Makina’s core Dialectic strategies target:
• USD Vault → 12–14%
• ETH Vault → 6–9%
• BTC Vault → 3–5%
Low-volatility, transparent, and institutionally designed.
---------------------------------
3. @Aave v4: The Biggest Evolution Since v2
Aave’s fourth major upgrade isn’t a “version”, it’s a new liquidity network.
With $40B+ onchain, v4 introduces:
• Cross-Chain Liquidity Layer (CCLL)
Unifies liquidity across EVM + non-EVM markets.
• Dynamic Risk Pricing
Each market sets yield premiums based on asset risk.
• ERC-426 Vault Standard
Expands automated, modular vault design.
• Health-Targeted Liquidations
Reduces cascade failures during volatility.
• Position Manager
Borrow, lend, rebalance, in a single atomic action.
Current stablecoin yield sits around 4–6%, but v4’s risk-tiered modules will likely widen yield differentials.
---------------------------------
4. @pendle_fi: The King of Yield Tokenization
Pendle has crossed $6B TVL and continues to lead the structured yield space.
The biggest recent update is Boros, a new product that packages perpetual futures funding rate yields into tradable layers.
This makes funding rate arbitrage accessible, liquid, and farmable.
---------------------------------
5. @katana: A DeFi-First Yield Chain
Katana is a purpose-built L2 designed for “productive TVL”: capital that always earns.
With $249M TVL and vault APYs ranging from 8.73% → 41.43%, Katana lets you:
• Bridge USDC/USDT and farm cross-chain yield
• Stake in boosted liquidity pools
• Participate in the AUSD stablecoin yield system
A yield-first chain with actual flow, not vanity TVL.
---------------------------------
6. @turtledotxyz: Liquidity Distribution + Points Meta
Turtle is a campaign-driven liquidity router that rewards on-chain activity like swaps, LPing, deposits, referrals, etc.
With almost $600M TVL, you can earn by:
• Depositing assets into Turtle campaigns (yield + points)
• Providing liquidity to partner protocols with yield boosts
• Staking TURTLE or joining DAO-based reward cycles
Their Yearn USD vault recently hit 40.8% APY.
---------------------------------
7. @MorphoLabs: Layering Efficiency on Top of Aave/Compound
Morpho doesn’t compete with lending markets, it supercharges them.
It sits on top of Aave/Compound and improves rates for lenders & borrowers.
With $11B+ deposits and $7B+ TVL, Morpho v2 introduces:
• Broader chain support
• Deeper integrations (e.g., Coinbase crypto-backed loans)
• “Explore” hub → discover curators, vaults, and optimized strategies
It’s one of DeFi’s most important yield infra layers.
---------------------------------
8. @beefyfinance: The OG Yield Aggregator Still Shipping
Beefy remains one of DeFi’s most active multi-chain optimizers.
With $243M TVL and over 1,000+ vaults, Beefy is expanding quickly.
In July 2025 alone, they shipped 17 new strategies across multiple networks.
Deposit, auto-compound, and retain full control of your funds.
---------------------------------
Final Take
The new DeFi yield meta is not speculation, it’s:
• Structured
• Risk-priced
• Delta-neutral
• Cross-chain
• Institutional-grade
Yield farming hasn’t died.
It has grown up.
Lemme know your thoughs in comments!
2020 was about degen farming.
2025 is about risk-priced, institutional-grade income.
These 8 protocols are rewriting the entire playbook.🧵
---------------------------------
1. @solsticefi: Delta-Neutral Stablecoin Yield on Solana
Solstice is building Solana’s institutional yield layer with its stablecoin USX and YieldVault product suite.
They’ve crossed $270M TVL, and the demand curve is only rising.
Solstice gives you 3 paths to earn:
• Fixed yield → by supplying PT-eUSX
• Variable yield → by buying YT-eUSX exposure
• Extra yield → by supplying eUSX to Exponent Yield Markets
This is the cleanest delta-neutral, scalable yield engine live on Solana today.
---------------------------------
2. @makinafi: Institutional Yield, On-Chain
Makina is a non-custodial vault infra for advanced yield strategies:
delta-neutral hedging, cross-chain arbitrage, and structured yield across multiple EVM chains.
With nearly $100M TVL, Makina’s core Dialectic strategies target:
• USD Vault → 12–14%
• ETH Vault → 6–9%
• BTC Vault → 3–5%
Low-volatility, transparent, and institutionally designed.
---------------------------------
3. @Aave v4: The Biggest Evolution Since v2
Aave’s fourth major upgrade isn’t a “version”, it’s a new liquidity network.
With $40B+ onchain, v4 introduces:
• Cross-Chain Liquidity Layer (CCLL)
Unifies liquidity across EVM + non-EVM markets.
• Dynamic Risk Pricing
Each market sets yield premiums based on asset risk.
• ERC-426 Vault Standard
Expands automated, modular vault design.
• Health-Targeted Liquidations
Reduces cascade failures during volatility.
• Position Manager
Borrow, lend, rebalance, in a single atomic action.
Current stablecoin yield sits around 4–6%, but v4’s risk-tiered modules will likely widen yield differentials.
---------------------------------
4. @pendle_fi: The King of Yield Tokenization
Pendle has crossed $6B TVL and continues to lead the structured yield space.
The biggest recent update is Boros, a new product that packages perpetual futures funding rate yields into tradable layers.
This makes funding rate arbitrage accessible, liquid, and farmable.
---------------------------------
5. @katana: A DeFi-First Yield Chain
Katana is a purpose-built L2 designed for “productive TVL”: capital that always earns.
With $249M TVL and vault APYs ranging from 8.73% → 41.43%, Katana lets you:
• Bridge USDC/USDT and farm cross-chain yield
• Stake in boosted liquidity pools
• Participate in the AUSD stablecoin yield system
A yield-first chain with actual flow, not vanity TVL.
---------------------------------
6. @turtledotxyz: Liquidity Distribution + Points Meta
Turtle is a campaign-driven liquidity router that rewards on-chain activity like swaps, LPing, deposits, referrals, etc.
With almost $600M TVL, you can earn by:
• Depositing assets into Turtle campaigns (yield + points)
• Providing liquidity to partner protocols with yield boosts
• Staking TURTLE or joining DAO-based reward cycles
Their Yearn USD vault recently hit 40.8% APY.
---------------------------------
7. @MorphoLabs: Layering Efficiency on Top of Aave/Compound
Morpho doesn’t compete with lending markets, it supercharges them.
It sits on top of Aave/Compound and improves rates for lenders & borrowers.
With $11B+ deposits and $7B+ TVL, Morpho v2 introduces:
• Broader chain support
• Deeper integrations (e.g., Coinbase crypto-backed loans)
• “Explore” hub → discover curators, vaults, and optimized strategies
It’s one of DeFi’s most important yield infra layers.
---------------------------------
8. @beefyfinance: The OG Yield Aggregator Still Shipping
Beefy remains one of DeFi’s most active multi-chain optimizers.
With $243M TVL and over 1,000+ vaults, Beefy is expanding quickly.
In July 2025 alone, they shipped 17 new strategies across multiple networks.
Deposit, auto-compound, and retain full control of your funds.
---------------------------------
Final Take
The new DeFi yield meta is not speculation, it’s:
• Structured
• Risk-priced
• Delta-neutral
• Cross-chain
• Institutional-grade
Yield farming hasn’t died.
It has grown up.
Lemme know your thoughs in comments!
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