Aave Prepares To Launch GHO Stablecoin

Optimism Deploys Bedrock Upgrade

 Up to 26% APY on Stablecoins, 5-39% 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 

. 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.

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.

 is an all-one management app with unique automation options for top DeFi lending protocols. The app is now available directly within the Compound app for Compound v3 users.

The DeFi Alpha call is held every Monday at 2pm ET in Discord.

check out the recording of this week’s call

Each week we will provide options to earn yield on ETH, WBTC, stablecoins, and other major tokens.

 39% APY with pETH/ETH Curve LP staked in Convex via Concentrator 

This yield is accrued in aCRV + trading fees compounded in the LP.

Then, one must stake/deposit the Curve LP under the 

: pETH is an ETH derivative minted when a user borrows against their NFT and burned when they decide to repay their loan. pETH has a risk of depegging.

5.38% projected vAPR with the Curve HBTC+WBTC LP staked in Convex

This yield is accrued in CRV, CVX, and trading fees.

To participate, one must first deposit HBTC and/or WBTC into this 

19.9% APR with the MATIC-stMATIC Elastic LP on KyberSwap 

The yield is backed by validator rewards using stMATIC liquid staking derivative + Kyber trading fees + KNC rewards + LDO rewards.

To participate on Polygon, I can deposit in a customizable price range for MATIC-stMATIC 

 21.3% APR staking ATOM with Keplr Wallet on Cosmos Hub 

rank by APR, choose a validator, and click 

Then, I specify how many ATOMs and follow the prompts to 

 7% APR lending AVAX to the sAVAX/AVAX pool on Platypus via Vector 

This yield is issued in VTX, PTP, QI, and AVAX.

To participate, one must deposit into the AVAX 

Depending on the pool’s coverage ratio there may be a deposit or withdrawal fee.

 8.81% APY staking SOL with stSOL by Lido

This is backed only by Solana staking yield.

 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 

: 9.6% APY staking with HBARX liquid staking derivative by Stader

The yield is issued in HBAR rewards, as HBARX is earning validator rewards.

To participate, one must deposit HBAR to receive HBARX 

 26.36% projected vAPR with the DOLA+FRAXBP LP on Convex

This yield is accrued in CVX, CRV, and trading fees.

To participate, one must deposit USDC, DOLA, and/or FRAX into 

Please be aware we intentionally do not report the highest yield rates because often, those yields are less sustainable and in some instances, artificially elevated due to high inflation tokens or fewer LPs participating.

With Oasis.app you can multiply up to 3x your exposure, using the 

Turn your ultrasound ETH up a notch with Lido stETH and AAVE in Oasis.app: with 1 click you can turn your ETH into stETH, deposit it into AAVE, borrow more ETH and repeat getting multiples of the normal staking yield. Also, you can measure your risk and adjust your positions with easy-to-monitor tools.

 you get more yield on StETH compared to simply holding StETH and much more than just normal ETH.

Easy to manage, perfect for monitoring and analysis, Oasis Earn gets the job done for you. Get more out of your capital with the right strategies.

Earn Up to 54% APR as a Staked ETH LP on Balancer

As crypto markets continue to experience turmoil from the fallout of FTX, we remain committed to uncovering and teaching DeFi beginners about the more reliable and battle-tested yields in DeFi.

, a decentralized protocol for liquidity, similar to other automated market-makers (AMMs) but with even more versatile and configurable pools. Unlike AMMs such as Uniswap which provide 50/50 weightings of tokens, Balancer Weighted Pools allow you to create different token counts and weightings, such as pools with 80/20 or 60/20/20 token ratios.

Another popular product of Balancer is their Stable Pools, designed for assets that are expected to consistently trade at near parity or at a known exchange rate. Composable Stable Pools are based on StableSwaps, popularized by 

, which allows for trades of significant size before encountering substantial price impact.

Balancer Stable Pools are especially ideal for pegged tokens like stablecoins or correlated tokens that trade near 1:1 like wstETH, wETH, and the new liquid staked ETH token by Coinbase cbETH.

 launched, which is currently netting 22-54% APR in total yield for LPs. The yield is backed by Balancer trading fees (0.04% per swap), ETH staking yield, and BAL rewards (depending how much veBAL one holds). For anyone who wants exposure to 100% staked ETH, with relatively little fluctuation in the near 1:1 pricing of wstETH and cbETH, this is an ideal LP.

The 2 risks to consider are i) holding cbETH, which exposes LPs to underlying staked ETH in the custody of Coinbase and ii) price risk in ETH liquid staking derivatives, which tend to trade near parity with ETH but can trade at larger discounts. For example, stETH famously dropped to a 6-7% discount in June 2022 due to immense selling pressure following the contagion from the collapse of Terra UST.

Today, I’ll show how I can earn up to 54% APR as a wstETH-cbETH LP on Balancer.

Before we get started, please be aware of these risks.

Smart contract risk in Balancer, Lido, and smart contracts associated with cbETH

Front-end spoof attack on the Balancer website

Exploits in economic design of any protocol

Yields: Up to 26% APY on Stablecoins, 5-39% 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 ai...

⍺ DeFi Alpha: Earn 54% APR as a Staked ETH LP on Balancer