How to 'make money' with ETH in hand? Share 16 APR strategies with over 20% yield

Author: Stephen, Cryptocurrency KOL

Compiled by Felix, PANews

Currently, sustainable, scalable, and >20% ETH yield is not common. In this article, Cryptocurrency KOL Stephen listed a series of strategies that can maintain an annual percentage rate (APR) above 20%.

wstETH

wstETH can be said to be the most popular, competitive, and scalable strategy in history. Even in the worst bear market, the APR is usually between 8% and 30%.

The operating principle of wstETH is to use the staking yield of ETH (about 3%) to offset the cost of borrowing ETH (about 2%).

There are four excellent locations for operations:

Morpho Labs

Aave

Compound Growth

Euler Labs

The current APR of this strategy is approximately between 26% and 46%. Of course, you can use Contango to automatically leverage these positions to generate TANGO points, OP emissions, etc.

Leverage weETH

This is the same as the previous strategy, except that there are also qualifications to obtain various points and emissions. Therefore, the average return of this strategy is slightly higher:

ether.fi points

Veda points

LRT2 Points

EigenLayer programmatic rewards (such as $LRT2)

The three blue-chip cryptocurrency markets are the best places for leverage:

Compound Growth

Aave

Morpho Labs

Before considering LRTsquared, EtherFi S4, and Veda Points, the APR ranges from 22% to 36%. The actual yield after considering points may be over 50%.

Note: Although Morpho is currently ranked first in APR, the difference between the top three protocols is not significant, so hedging between them can usually give you the most competitive APR (hedge against unstable borrowing rates).

AERO Mining

Currently, Compound Growth is allowing users to pay with cbETH, ETH, and wstETH as collateral to borrow AERO.

At the same time, you can get approximately 200% APR of AERO through voting on Aerodrome.

Of course, the Loan-to-Liquidation-Value (LLTV) ratio is 65%, so let's take a look at some reasonable positions:

Loan-to-Value (LTV) 50%

Relative AERO clearing growth: 30%

ETH Collateral Total Yield: 100% APR

Loan-to-Value ratio 25%

Relative AERO clearing increase: 160%

ETH Collateral Total Yield: 54% APR

ynETH

Spectra is a competitor of Pendle, and although it has recently gained some popularity with its USR pool, the ynETH pool it launched also offers certain market opportunities.

When the boost is 0, the APR is 33%. With boost, the APR can reach 100%.

It is worth noting that if Spectra becomes a real competitor, holding/locking SPECTRA may have a good effect, so increasing some risk exposure to improve returns may not be bad.

gmETH

This strategy is somewhat controversial because gmETH has experienced a loss of principal.

gmETH is the so-called 'Counter Party Vault' on GMX. When traders on GMX make excess profits, gmETH will decrease relative to ETH. Conversely, the same applies. This has been the norm in the past.

You can implement this strategy on Dolomite, with a current annual interest rate of about 30% and a historical average annual interest rate of about 20%.

GMWETH （Umami ）

This strategy is very similar to the previous position, but it hedges most of the delta and risk.

Although the current APR is about 16.5%, it is relatively high historically (about 50%), and in the medium term future, the average APR will exceed 20%.

pufETH

Despite the recent increase in competition, pufETH has long been a gold mine. The historical APR of this LP (30bps fee level) ranges from 15-50%, with very low rebalancing.

This is like a hidden gem, although it will not exist forever.

Sustainable and scalable ETH yields>20% are not common.

You can find some smaller but still incredible opportunities at D2LFinance and elsewhere, but when it comes to smaller positions for smaller returns, making them too public is self-deception.

(The above content is excerpted and reproduced with the authorization of partner PANews. Original link )

Disclaimer: The article represents the personal opinions of the author, not the perspective and position of the blockchain, all content and views are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and the blockchain will not be responsible for any direct or indirect losses incurred by investors in trading.

<How to make money with ETH? Sharing 16 yield strategies with APR exceeding 20%> This article was first published in 'Block Times'.