In the last week, Gary Gensler's SEC sent Uniswap Labs a Wells notice; crypto markets saw substantial price declines; liquidations totaled $1.7b over the last several days; and EigenLayer and EigenLayer DA launched on mainnet. How has the drop in the market affected DeFi yields?DeFi's Base Rate, Courtesy of Vaults FYI (15 April 2024)Source: Vaults FYIOver the weekend, crypto markets took a significant downturn. Since last week, BTC is down 11.7% and ETH is down 17.1%. The large pric...

In the last week, Gary Gensler's SEC sent Uniswap Labs a Wells notice; crypto markets saw substantial price declines; liquidations totaled $1.7b over the last several days; and EigenLayer and EigenLayer DA launched on mainnet. How has the drop in the market affected DeFi yields?DeFi's Base Rate, Courtesy of Vaults FYI (15 April 2024)Source: Vaults FYIOver the weekend, crypto markets took a significant downturn. Since last week, BTC is down 11.7% and ETH is down 17.1%. The large pric...

Two notes before the start of Issue 8.Starting this week, I'm using an average of the top yields to create an effective base rate instead of using a range.Instead of covering every yield opportunity in depth, I'll be using a Yield Index to highlight all the yield opportunities I reviewed to put together this issue. I'll provide an overview of the top five (5) yield opportunities for stablecoins and ETH, while referencing the ranking in the yield index throughout.I'll use t...

Two notes before the start of Issue 8.Starting this week, I'm using an average of the top yields to create an effective base rate instead of using a range.Instead of covering every yield opportunity in depth, I'll be using a Yield Index to highlight all the yield opportunities I reviewed to put together this issue. I'll provide an overview of the top five (5) yield opportunities for stablecoins and ETH, while referencing the ranking in the yield index throughout.I'll use t...

In the last week, MKR holders voted to increase the Morpho D3M line to 1B; the ACI teased a fee switch within AaveDAO; GHO's minting cap was increased to 47M; Synthetix v3 grew on Base; crypto users minted IRL goats; and ETH increased 6% since last week's issue. What does it all mean for DeFi yields?DeFi's Base Rate, Courtesy of Vaults FYI (8 April 2024)Source: Vaults FYISince Issue 5, ETH is up ~$300 and funding rates have increased to an annualized average of 30% across centr...

In the last week, MKR holders voted to increase the Morpho D3M line to 1B; the ACI teased a fee switch within AaveDAO; GHO's minting cap was increased to 47M; Synthetix v3 grew on Base; crypto users minted IRL goats; and ETH increased 6% since last week's issue. What does it all mean for DeFi yields?DeFi's Base Rate, Courtesy of Vaults FYI (8 April 2024)Source: Vaults FYISince Issue 5, ETH is up ~$300 and funding rates have increased to an annualized average of 30% across centr...

What a week for on-chain assets. ETH is up ~16% over the last seven days, DeFi blue chip tokens are up, and the token incentives offered to depositors across DeFi are now worth more, which means higher APYs for depositors.Source: Vaults FYIThe base rate for DeFi yields is now well above 10%, with top yields between 14–37%, as shown on Vaults FYI. The yield opportunities highlighted on Vaults FYI are primarily stablecoin related, with Yearn v3 and Yearn's Juiced Vaults still dominating th...

What a week for on-chain assets. ETH is up ~16% over the last seven days, DeFi blue chip tokens are up, and the token incentives offered to depositors across DeFi are now worth more, which means higher APYs for depositors.Source: Vaults FYIThe base rate for DeFi yields is now well above 10%, with top yields between 14–37%, as shown on Vaults FYI. The yield opportunities highlighted on Vaults FYI are primarily stablecoin related, with Yearn v3 and Yearn's Juiced Vaults still dominating th...

Speculation that the SEC is looking to classify ETH as a security; a tale of two Genslers; MakerDAO moves the DSR to 13%; and sideways action on ETH’s price. There's still a flurry of onchain and offchain activity around crypto and DeFi. Let's see how it's impacted DeFi yields since last week.DeFi's Base Rate, Courtesy of Vaults FYI (25 March 2024)Source: Vaults FYIWhile one would think an inquiry from the SEC regarding ETH would cause a price shock in the market, no one s...

Speculation that the SEC is looking to classify ETH as a security; a tale of two Genslers; MakerDAO moves the DSR to 13%; and sideways action on ETH’s price. There's still a flurry of onchain and offchain activity around crypto and DeFi. Let's see how it's impacted DeFi yields since last week.DeFi's Base Rate, Courtesy of Vaults FYI (25 March 2024)Source: Vaults FYIWhile one would think an inquiry from the SEC regarding ETH would cause a price shock in the market, no one s...

In the last week, Prisma Finance was exploited for $11m; MakerDAO evaluated a shift to move DAI up the risk curve with a projected allocation of 600m DAI to their Morpho market with USDe over the coming months; Aave launched more incentives for GHO across DeFi; and ETH droped 8.7% since last week's issue. Let's check on DeFi yields this week.DeFi's Base Rate, Courtesy of Vaults FYI (2 April 2024)Source: Vaults FYIWhile ETH funding rates saw a bump late last week, they've s...

In the last week, Prisma Finance was exploited for $11m; MakerDAO evaluated a shift to move DAI up the risk curve with a projected allocation of 600m DAI to their Morpho market with USDe over the coming months; Aave launched more incentives for GHO across DeFi; and ETH droped 8.7% since last week's issue. Let's check on DeFi yields this week.DeFi's Base Rate, Courtesy of Vaults FYI (2 April 2024)Source: Vaults FYIWhile ETH funding rates saw a bump late last week, they've s...

The Dencun hardfork and the arrival of blobs, ETH's rise over $4,000 and back down to $3,600, MakerDAO's rate and DSR hikes, and the ETHFI token launch announcement dominated the news this week. But what does it all mean for DeFi yields?Source: Vaults FYIDeFi's Base Rate, Courtesy of Vaults FYI (15 March 2024)MakerDAO's decision to increase their stability fees and the DAI Savings Rate (DSR) to 15% has bolstered yields across DeFi. This unprecedented decision moved stabili...

The Dencun hardfork and the arrival of blobs, ETH's rise over $4,000 and back down to $3,600, MakerDAO's rate and DSR hikes, and the ETHFI token launch announcement dominated the news this week. But what does it all mean for DeFi yields?Source: Vaults FYIDeFi's Base Rate, Courtesy of Vaults FYI (15 March 2024)MakerDAO's decision to increase their stability fees and the DAI Savings Rate (DSR) to 15% has bolstered yields across DeFi. This unprecedented decision moved stabili...

Yields on blue chip protocols in DeFi are higher than they've been in quite some time. The bull market you dreamt of in 2023 is finally here. Goodbye crab market; hello double-digit yields and high volatility. This week, we’ve seen crypto markets on the march toward new ATHs, with BTC reaching a new ATH today before dropping in price. ETH almost touched $4,000 today but was rejected. In the last week, the BTC price has climbed over 30% and ETH has seen an increase of ~15%. With that grow...

Yields on blue chip protocols in DeFi are higher than they've been in quite some time. The bull market you dreamt of in 2023 is finally here. Goodbye crab market; hello double-digit yields and high volatility. This week, we’ve seen crypto markets on the march toward new ATHs, with BTC reaching a new ATH today before dropping in price. ETH almost touched $4,000 today but was rejected. In the last week, the BTC price has climbed over 30% and ETH has seen an increase of ~15%. With that grow...

The State of DeFi Yields newsletter is back from its long summer hiatus! I apologize for the gap between issues, friends. Over the summer, I stepped into a new role at Nexus Mutual as Head of Product & Risk, which has kept me quite busy. Fortunately, I'm adjusting to my new workflow and schedule. I plan on resuming a weekly publication of this newsletter. I'll be publishing on Mirror and Substack going forward, as well. If you're an existing subscriber, welcome back, and If thi...

The State of DeFi Yields newsletter is back from its long summer hiatus! I apologize for the gap between issues, friends. Over the summer, I stepped into a new role at Nexus Mutual as Head of Product & Risk, which has kept me quite busy. Fortunately, I'm adjusting to my new workflow and schedule. I plan on resuming a weekly publication of this newsletter. I'll be publishing on Mirror and Substack going forward, as well. If you're an existing subscriber, welcome back, and If thi...