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!

USDC 30 day benchmark rate on Aave: 3.99% (down from 5.47% 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: Liminal (xHYPE) +37.1%, Avant (savUSD) +16.9%, Inverse (sDOLA) + 15.0%:

ETH 30 day benchmark rate on Aave: 2.36% (down from 3.06% last week):

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

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

As I mentioned last week, we’ve changed this to “The road to $10B STRC onchain”

The total TVL between STRCx (by xStocks) Saturn and APYX this week:

Roughly $497M of STRC lives on Pendle:

I don’t know how long Pharos.watch has existed, but its new to me and very cool. I’ve been liking a lot of IkeBillion.eth’s posts lately which is what turned me on to it:

Check out the top stablecoins based on their Safety Scores:

And if you click into BOLD, for example, you get an incredible amount of information you can scroll through:

I can definitely see myself using this more in the future to better understand the tradeoffs and counterparty risks behind different stablecoins.

I did not intend to write about Liquity three weeks in a row, but credit to them for being so interesting lately.

Last week, I essentially outlined an ETH carry trade. You should check out last week’s article if you haven’t read it yet - here.

As I was hitting publish last week, I realized that the Ipor team had launched something sort of similar to the strategy I built. However, this one was tokenized + automated and netting an impressive 16.15% APY:

If you want to know more about how this works under the hood, our friend Ceazor did a nice explainer video below:

Ethan DeFi is someone I’ve started following fairly closely. He has a fast growing DeFi following and he is constantly posting DeFi gems.

He posted this below showcasing this 24% APY loop. I agree with his premise here that sUSDS/USDT is about as safe as they come from a risk/reward standpoint. However, the more interesting part to me was the site in the image:

From that image above, I noticed a new site I’d never heard of. So I typed in the Yieldz.io URL, and it’s actually a pretty cool site that wasn’t on my radar.

Check out the “Leverage” tab:

We’ve been writing a few of these up already, but this is a great spot for not only discovery, but potentially executing some of these leverage strategies. At the time I took this screen grab, this Altura.trade loop via Morpho was showing a max looping APY of 112.02%. When you click further into AVLT it has a nice interface for actually getting into leverage positions and deleveraging:

I’m sharing all this as its new to me, I have not done a lot of due diligence yet and I personally would not use this tool just yet before doing further digging. However, on first glance, this looks extremely useful.

I saw this right as I was hitting publish, but wanted to add it in because it looks really interesting. Again, I haven’t had time to read their docs closely yet, but they do have docs and some nice audits.

What caught my eye about Tangent was a post by Jordi:

That is a really interesting value prop if you are a Curve user. I personally am not, but I know many still are. Here’s Jordi’s full post with more details:

Taking a look at the front page of Stablecoin yields and RWA yields this week on Pendle:

Stablecoins

RWA

I am an investor in Ethena and still hold ENA, but still greatly appreciate the type of work groups like YAM do to illuminate risk in our industry.

This breakdown basically shows that almost ~1/4th of USDe’s backing is lending against itself.

Worth having a look if you didn’t see this:

They even created a website to monitor this here.

This next one is less of a read, but I’m constantly worried about falling behind the cutting edge of where things are headed.

I’m keen to read up on what others think are the real innovations coming onchain, and Emperor Osmo is consistently out on the frontier of what’s happening.

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