Member-only story
How I’m Earning 19% APY on wBTC and You Can Too!
Generating yields on blue-chip crypto assets has been challenging during this bear market. So here’s a play that I’m making with a portion of my portfolio.
Getting double-digit DeFi yield on blue-chip crypto assets and stablecoins was easy during the bull market. Platforms were competing for liquidity. Money was entering crypto rather than exiting. Chains and platforms were offering generous incentives for using their applications or protocols.
Getting solid DeFi yields has been more challenging in our current environment. Without getting into the degen and riskiest of crypto assets, it’s hard to make a good return unless you have a lot of capital.
I have found one opportunity on Beefy.finance that will pay a 19% APY for a wBTC, sBTC, and MultiBTC Vault. No doubt, there is some risk in this Vault. However, I am willing to risk a small portion of my BTC to chase this high yield. Read on to learn my logic and how I’m doing it.
How Do Beefy Finance Vaults Work?
If you aren’t familiar with Beefy.finance, it’s the largest decentralized yield aggregator. Here’s its description from Defillama.com:
Beefy is a…
