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Where to earn in DeFi?
Even as prices fall across markets, DeFi yields remain enticing for savvy investors.
Exponential Team
September 06, 2024
Hey Edge readers,
Rain or shine, yield farmers continue to earn solid returns on their crypto assets. This week, we’re featuring the top yield opportunities for Bitcoin, Ethereum, and USD stablecoins across DeFi.
In today’s edition:
Where to earn in DeFi? 🌟
The top yield opportunities we’re watching this week.
EigenLayer reveals details of second airdrop 🗞️
Trump working with Aave, VISTA pump, and more.
Stay sharp. 🫡
-The Exponential team
Where to earn in DeFi?
Even as prices fall across markets, DeFi yields remain enticing for savvy investors. Avalanche’s BOOST campaign is currently driving yields higher on several BTC pools. On Ethereum, Pendle yields on stETH have surged dramatically after a whale executed a large swap back to ETH, taking advantage of the pool’s liquidity. Meanwhile, market making pools continue to offer the best returns for those who favor the stability of stablecoins.
Top BTC pools 🟠
Uniswap WBTC-BBTC on Ethereum - 15% APY
Trader Joe WBTC.e-BTC.b on Avalanche - 12% APY
Yield Yak BTC.b on Avalanche - 12% APY
Bella WBTC on Ethereum - 11% APY
Solv (GMX) WBTC on Arbitrum - 10% APY
Top ETH pools 🔷
Pendle stETH (12/25/25) on Ethereum - 132% APY
Toros ETHY on Arbitrum - 53% APY
PancakeSwap pxETH-WETH on Ethereum - 38% APY
GMX wstETH-ETH on Arbitrum - 35% APY
Curve shezETH-WETH on Ethereum - 24% APY
Top USD pools 💵
Tokan USDC-CHI on Scroll - 65% APY
Curve cyDAI-cyUSDC-cyUSDT on Ethereum - 50% APY
PancakeSwap USDC-USDT on Ethereum - 33% APY
PancakeSwap USDT+-USD+ on Arbitrum - 27% APY
Goldlink USDC on Arbitrum - 26% APY
In the news
EigenLayer allocates 86M EIGEN tokens for second airdrop - Read
EtherVista aims to create a rugpull-free memecoin launchpad on Ethereum - Read
Increasing number of projects vying for Bitcoin staking dominance - Read
Trump’s DeFi project is working with Aave on a stablecoin-focused lending protocol - Read
Kamino closing in on top protocol on Solana by TVL after benefiting from PYUSD liquidity incentives - Read
Trending
On days like this, we step back and revisit the state of crypto index by @a16z
- # of new crypto applications: up only
- developer library downloads: up only
- # of unique users across blockchains: up only
- # of transactions on blockchains: up only
- stablecoin volume: up… x.com/i/web/status/1…— Sonya Kim (@sonyasunkim)
5:52 PM • Sep 6, 2024
Trends in DeFi I'm paying attention to:
1) Convergence of lending markets: @aave, @MorphoLabs, @SiloFinance, @eulerfinance, @Kamino, Fraxlend, etc. Feature sets are converging. Looping is everywhere. Going forward its about use cases, partnerships, and ecosystems.
2)… x.com/i/web/status/1…
— Ken Deeter (@puntium)
11:53 PM • Sep 3, 2024
I've seen ETH sentiment this bad three times.
2016 - after the DAO hack they said smart contracts will never work but tokens were about to be a killer app
2019 - two years of bleeding they said ETH was a worthless gas token but DeFi was building
And now...
2024 - a half cycle… x.com/i/web/status/1…
— RYAN SΞAN ADAMS - rsa.eth 🦄 (@RyanSAdams)
6:12 PM • Sep 6, 2024
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