🧑🌾Earn Yield With crvUSD Stablecoin LPs Staked on Convex

DeFi Alpha
DeFi Alpha is a weekly newsletter published for our premium subscribers 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. It is meant to be highly actionable and shareable.
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.
📈 Markets in last 24 hrs:
Ticker | Value | 24h |
---|---|---|
BTC | $27,705 | ↗ 0.42% |
ETH | $1,864.6 | ↗ 0.14% |
MKR | $688 | ↙ -0.29% |
SPY | $412.07 | ↗ 0.08% |
UNI | $5.451 | ↗ 0.41% |
LDO | $2.081 | ↗ 0.19% |
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Alongside AMKT is the first fully backed on-chain broad-based crypto market index. Market exposure to a market-cap weighted basket of 25 assets, rebalanced monthly and reconstituted quarterly. Not available to US residents.
Yield Alpha
Each week we will provide options to earn yield on ETH, WBTC, stablecoins, and other major tokens.
- ETH: Up to 30.8% net APR looping ETH 4X on Radiant Capital on Arbitrum
- This yield is accrued in ETH borrowing interest and mostly RDNT rewards.
- To participate, it requires a leveraged ETH/ETH position with 5% of the value of the looped position in the 80/20 RDNT/ETH Balancer LP.
- The RDNT LP must be staked for 12 months to achieve 30.8%.
- One must deposit ETH into Radiant here and loop 4X here + zap into an LP staked for 1-12 months.
- Caution: This is a leveraged ETH position that could get liquidated if borrowers do not maintain a health factor > 1. This is higher risk than lending or staking.
- WBTC: Up to ~31% net APR looping WBTC 3.33X on Radiant Capital on Arbitrum
- This yield is accrued in WBTC borrowing interest and mostly RDNT rewards.
- To participate, it requires a leveraged WBTC/WBTC position with 5% of the value of the looped position in the 80/20 RDNT/ETH Balancer LP.
- The RDNT LP must be staked for 12 months to achieve 31%.
- One must deposit WBTC into Radiant here and loop 3.33X here + zap into an LP staked for 1-12 months.
- Caution: This is a leveraged WBTC position that could get liquidated if borrowers do not maintain a health factor > 1.
- MATIC: 21.6% APY with the 6X MATICX/MATIC Recursive Staking strategy on Cian
- The yield is backed by validator rewards using MATICX as collateral, and looping borrowed MATIC against the MATICX on Aave V3 to achieve 6x leverage.
- To participate on Polygon, one can follow the prompts to deposit into the 6X MATICX/MATIC RECURSIVE Staking strategy here on Cian.
- ATOM: 20.2% 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.
- BNB: 19% APY with the BNB/BNBx LP on PancakeSwap V3
- AVAX: 22% APY with sAVAX/AVAX Recursive Staking - Aave strategy on Cian
- The yield is backed by validator rewards using sAVAX as collateral, and looping borrowed AVAX with Aave.
- To participate on Avalanche, one can follow the prompts to deposit into the sAVAX/AVAX Recursive Staking - Aave strategy here on Cian.
- SOL: 6.5% APY staking SOL with stSOL by Lido
- This is backed by SOL staking yield.
- To participate, one must deposit SOL here or buy it on a Solana DEX.
- FTM: 6.5% APR staking FTM via a Beefy Finance vault
- The yield is issued in FTM rewards.
- To participate, one must deposit FTM here on Beefy.
- Stablecoins: Up to 33% net APR looping DAI 4X on Radiant Capital on Arbitrum
- This yield is accrued in DAI borrowing interest and mostly RDNT rewards.
- To participate, it requires a leveraged DAI/DAI position with 5% of the value of the looped position in the 80/20 RDNT/ETH Balancer LP.
- The RDNT LP must be staked for 12 months to achieve 33% APR.
- One must deposit DAI into Radiant here and loop 4X here + zap into an LP staked for 1-12 months.
- Caution: This is a leveraged DAI position that could get liquidated if borrowers do not maintain a health factor > 1.
Please be aware we do not always report the highest yield rates because some high yields may be less sustainable due to high inflation token rewards or fewer LPs participating.
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Meet Stader Labs, the non-custodial multi-chain liquid staking platform that's transforming the liquid staking landscape!
With over $120 million in assets staked and more than 40k users across 6 chains, Stader has partnered with 40+ top DeFi protocols like Aave, Balancer, etc. You can also stake your MATIC and BNB with Stader directly from Ledger Live.
Backed by some of the biggest names in the world of crypto, Stader’s multiple audits with top security firms, million dollar bug bounties and real-time monitoring with Forta is a testimony to their emphasis on security and safety.
Gear up for the launch of ETHx, Stader's liquid staking token on Ethereum!
ETHx is designed to maximize rewards, all while securing Ethereum.
With Stader, you can run an Ethereum node with just 4 ETH, which is 85% lower capital and 35% higher returns vs solo-staking. ETHx has a multi-pool architecture with permissionless and permissioned node operators to enable decentralization and scalability, with a roadmap for DVT.
Leveraging on their experience with unlocking great DeFi utility on other chains, Stader is actively building integrations and partnerships on Ethereum to bring similar utility to the ETHx token, with $1Mn SD in DeFi rewards.
Check out ETHx and sign up to get access to the Stader staking protocol.
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