Before we get started, this is not a recommendation or endorsement to buy any token mentioned or to use any strategy listed by DeFiLlama.
During this crypto bear market, we have been challenged to work harder to find better yield opportunities. A number of new tools have emerged to shine a light on the best opportunities in the market.
DeFiLlama, which has long been a popular tracker for on-chain metrics like Total Value Locked (TVL), has evolved by leaps and bounds this year. I won’t cover these in detail today but you should take a moment to check out their other tools such as:
- DeFiLlama Yields: find the best yields by asset, chain, IL risk, and more
- DeFiLlama Borrow: find the best apps to borrow with preferred collateral + debt tokens
- DeFiLlama Liquidations: find the on-chain total value of positions that would be liquidated based on collateral and DeFi money markets
One of the most unique products is DeFiLlama Strategies, which offers a list of strategies for supplying, borrowing, and lending tokens while remaining delta neutral. Delta neutral means strategies that are designed to create positions that aren't likely to be affected by movements in the market. This is achieved by ensuring that the overall net value of an open position is as close to zero as possible. In DeFi, it normally starts with a collateral you already hold and can borrow against (ie ETH on Aave), followed by depositing the borrowed tokens (ie USDC) into another application/farm, where the lending/farming APY is higher than the borrowing interest owed on your collateral.