Welcome to Yields of the Week! Every week, we spotlight the top DeFi yields across the crypto landscape, focusing on opportunities that are not just the highest APYs but also sustainable risk-adjusted opportunities. Whether you're new to DeFi or a seasoned degen, our goal is to help you navigate the yield farming space with confidence. Let’s dive into this week’s picks!

Built by the team behind the Sky Ecosystem (aka MakerDAO) and Oasis, Summer.fi provides automated access to high-quality DeFi yield through curated vaults for assets like ETH, USDT, and USDC.

Earn above benchmark yields + SUMR tokens on top!

USDC 30 day benchmark rate on Aave: 3.27% (down from 3.55% last week)

Here’s the top yielding stablecoin vaults (real yields) for the past 30 days:

Checking in on Stablewatch to see the 7-day TVL changes.

This week the top movers were Resupply +29.8%, Reservoir Protocol +26.5% and Main Street +26.2% (two weeks in a row on this list 👀 )

Nothing conclusive here, just things I like to check in on every week:

ETH 30 day benchmark rate on Aave: 2.08% (up from 1.70% last week)

Here’s the top yielding ETH vaults (real yields) for the past 30 days:

Something I’ve been noticing the past few months writing YOTW…

Accountable has been popping up in YOTW a lot lately as the backend transparency dashboard powering many of the new protocols we’ve been covering.

This week, we’re highlighting them again, but this time for their own vaults on the platform.

Before we get there, though, take a look at this: Valos just launched a $100M private credit vault on the Accountable Yield App.

OK, now over to the yields. The two best real yields I see on Accountable right now are the Hyperithm vault with a real yield of 12% APY and the Noon Capital vault with a real yield of 11.28% APY:

It’s been a minute since we’ve written about Fluid, but a few tweets from their founder Samyak reminded me of how powerful of a protocol it really is.

Up to 45% APR here on sUSDai (using leverage):

What really caught my attention in the next tweet is the upcoming Lite USD vault.

Why does this matter?

The Fluid team will essentially be self curating some of their more complex stable yield strategies and packaging them into a streamlined vault format. That removes a lot of the hands on management for users.

They’ve already done this successfully with the ETH Lite vault, which has delivered roughly 3 to 6 percent over the past few years on a TVL base north of $1B.

Obviously, these elevated yields will not last forever. That said, the incentive campaign with Aave and Mantle is fairly long in duration, so it would not surprise me if the opportunity remains attractive for longer than people expect.

My base case is that we eventually see something similar to a Kraken plus Aave Earn style product emerge between Bybit and Aave through this Mantle partnership:

I liked this post by The DeFi Investor this week:

Here’s another strong piece from Stephen at DeFi Dojo titled Updates from the Tranches.

In it, he breaks down the growing wave of tranche based protocols in DeFi, outlining how each one is structured and the specific tradeoffs they’re making around risk, yield, and capital efficiency. It’s a clean comparison across a landscape that’s getting crowded quickly (he’s also building his own tranche protocol called Mezzanine):

The jr/srNUSD products we mentioned last week are now live on Pendle. Both the jr/sr come with nice underlying yield + the added bonus of upside in points from Strata + Neutrl.

Here’s the points breakdown from the thread above for the YT crowd:

Taking a look at the front page of DeFi yields on Pendle:

Stablecoins

BTC

ETH

HYPE

We’ve been using this section lately to look at something in the risk/transparency sector of DeFi.

We saw a great report come out by the Defilllama Research team where they took a deep dive into the inner workings of DeFi curation and used kpk as a case study. The piece is called: Curation as an Infrastructure Layer

I wrote a thread breaking it down if interested:

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

DISCLAIMER: Nothing written in The Edge Newsletter or said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed in our content are solely the opinion of that writer, host, or guest. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this content.