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: 5.07% (up from 4.56% 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: Inverse (sDOLA) +31.3%, Maple (syrupUSDT) +23.4%, Aave (sGHO) + 17.8%:

ETH 30 day benchmark rate on Aave: 3.22% (up from 2.73% 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:

I’m going to start tracking this weekly with a brief update.

My guess is this number gets into the billions before year-end.

A byproduct of the $STRC ( ▲ 0.01% ) onchain wave is PENDLE performance. We had the LRT wave early last cycle, and then the yield-bearing stablecoin wave became a huge driver for Pendle the platform and token. I think $STRC ( ▲ 0.01% ) ends up somewhere in between those two in terms of popularity.

The result?

We’re seeing a pretty massive move in PENDLE since the $STRC ( ▲ 0.01% ) trade started to really kick off in early April:

You can get up to 93% APY on Rysk right now for Cash Secured Puts using HYPE (this fluctuates a lot). We just recorded a podcast with founder Dan, where he walks through exactly how it works and why it matters:

This is really cool.

Open Cover has integrated insurance with the exact type of form factor that makes it user friendly and low friction.

Before someone says “well achually” most hacks now are OpSec related and this doesn’t cover that.

Yeah, I know, but this is still a really nice UI/UX upgrade for the onchain insurance space. Furthermore, if insurance providers can get comfortable underwriting OpSec/key management related coverages, this same type of delivery method would still work.

Here’s a few more details that are key:

All of these are huge upgrades, but the ones that standout to me are “No upfront payment” and “Premiums streamed from yield”. To me, those are huge. Before, you had to pay your whole insurance premium up front which again is just bad UX.

Well played Open Cover team 👏

How is it that my job is to cover DeFi pretty much all day everyday and I didn’t even know about these fixed rates on Inverse Finance? Probably a skill issue.

I was finally tipped off to this last week when I saw DCF GOD drop this little gem on my timeline:

Nour, one of the founders of Inverse literally has a fixed borrow rate of 4% until 2055 🤣

You can currently borrow DOLA against all of these collaterals:

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

Stablecoins

RWA

3Jane is evolving…

Admittedly I had a hard time understanding this at first because the “fintech originator” space is something I didn’t even know existed.

3Jane started by lending directly to crypto users, but it’s now expanding into funding fintech lenders that already make loans to real-world borrowers like consumers and small businesses.

In simple terms, 3Jane wants to become the behind-the-scenes capital layer for these fintechs, while USD3/sUSD3 investors earn yield from the loan repayments.

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.