⍺ DeFi Alpha: Claim a Dawn NFT on the SEI Testnet for a Potential Airdrop
Earn up to 17% APR with the wstETH/ETH LP on KyberSwap (Optimism)
Yields: Up to 18% APY on Stablecoins, 10-55% APY on ETH and BTC
DeFi Alpha is a weekly newsletter published for our premium subscribers every Friday, contributed by Defiant Advisor and DeFi investor at 4RC, DeFi Dad, and our Degen in Chief yyctrader. It aims to educate traders, investors, and newcomers about investment opportunities in decentralized finance, as well as provide primers and guides about its emerging platforms.
Two years ago, DeFi investors could easily name every yield farming opportunity without much effort. It was a simpler time, when only a handful of teams had launched with any liquidity to trade, lend, borrow, provide liquidity, or even demonstrate new primitives such as no-loss savings by PoolTogether.
But times have changed! Before the current bear market took hold, DeFi liquidity had grown to hundreds of billions of dollars across Ethereum with new burgeoning DeFi economies taking shape on EVM-compatible chains such as Polygon and Avalanche and non-EVM chains such as Cosmos and Solana. Any given day, a new DeFi or NFT project is launched.
So, after writing and creating countless DeFi guides and tutorials since 2019, we at The Defiant agreed it’s time we publish a more detailed weekly guide on all you need to know to keep up with new opportunities.
This is DeFi Alpha by The Defiant.
Any information covered in DeFi Alpha should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions. Any mention of a token or protocol should not be considered a recommendation or endorsement.
🙌 Together with:
DeFi Saver is the most comprehensive dashboard for Liquity protocol with unique automated liquidation protection features. Now, with full support for the newly launched Chicken Bonds bonding protocol as well.
📈 Yield Alpha
Each week we will provide options to earn yield on ETH, WBTC, stablecoins, and other major tokens.
ETH - 55% APY with pETH/ETH Curve LP staked in Convex via Concentrator
This yield is accrued in aCRV + trading fees compounded in the LP.
To participate, one must Deposit into the pETH/ETH Curve LP here (not stake).
Then, one must stake/deposit the Curve LP under the ETH-pETH vault under aCRV Vaults on Concentrator.
BTC - 9.81% projected vAPR with the Curve pBTC+sbtcCrv LP staked in Convex
This yield is accrued in CRV, CVX, and trading fees.
To participate, one must first deposit pBTC, renBTC, sBTC and/or WBTC into this Curve factory pool and then stake the LP here in Convex.
AVAX - 6.15% APR with AVAX in Vesper Grow Pools
This yield is issued in 4.39% AVAX + 1.76% VSP.
To participate, one must deposit into the AVAX pool here in Vesper
There is a 0.6% fee on withdrawal from Vesper Grow pools and a 15% platform fee on yield generated by the deposited assets.
SOL - 8.6% APR staking SOL with stSOL by Lido
This is backed only by Solana staking yield.
To participate, one must deposit stSOL in the Tulip lending tab.
To obtain stSOL, one can trade on a Solana DEX or mint it here on Lido.
MATIC - 14% APY with 50/50 MaticX-WMATIC LP on MeshSwap
The yield is backed by validator rewards using the MaticX liquid staking derivative + MeshSwap trading fees + MESH rewards + SD rewards.
To participate on Polygon, I use the Stader MaticX dApp to mint MaticX.
Then, I deposit into the MaticX-WMATIC pool on MeshSwap and stake the LP.
ATOM - 20.9% APR staking ATOM with Keplr Wallet on Cosmos Hub
The yield earned is issued in ATOM.
To participate, one must set up a Keplr Wallet, go to the Cosmos Hub validators on Keplr Dashboard, rank by APR, choose a validator, and click Delegate.
Then, I specify how many ATOMs and follow the prompts to Delegate.
FTM - 4.7% APY staking sFTMx liquid staking derivative by Stader
The yield is issued in FTM rewards, as sFTMX is earning FTM via validator rewards to support Fantom’s PoS network.
To participate, one must deposit FTM to receive sFTMX here on Stader.
Stablecoins (USD) - 18.32% APR with the LUSD/MAI LP staked in Velodrome on Optimism
This yield is accrued in VELO.
To participate, one must deposit and stake in this LUSD+MAI LP.
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Leveraged yield farming - Why most users fail
It comes as no surprise that the majority of the highest yields in DeFi come from utilizing leverage or debt. What is surprising however is that many of these high yields have displayed an astonishingly low rate of alpha decay over the past year. Where normally high yields decline over time as more participants enter the position, leveraged yield farming strategies oftentimes maintain their rate of return. Why is that?
Operating a leveraged yield farming strategy requires that users know:
Which borrowing/lending protocol to use
Which asset to deposit as collateral
Which asset to borrow
How much to borrow
Which risk parameters to choose for your loan
Where to deploy your borrowed funds
Furthermore, leveraged strategies require active monitoring and management. A healthy level of collateral must always be maintained in order to avoid liquidation. With so many barriers to entry it’s no wonder that most users don’t utilize leveraged yield farming. That is, until now.
Arkitect is enabling any user to create their own leveraged yield farming strategy all within a few clicks. Each strategy is autonomously maintained and users can deposit funds into pre-built strategies or create their own with custom parameters.
The team behind Arkitect has been building in stealth and is giving DeFi Alpha readers the first ever glimpse into the protocol. Using this exclusive Discord link, DeFi Alpha readers can whitelist their address to be first to get access to the Arkitect protocol.
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Weekly volume dips below $100M for the first time this year.
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