The easiest way to earn yield right now is by depositing stablecoins into lending vaults.
I'm using aggressive vaults for USDC like Elemental or Neutral Trade, 90 day APY is 10.5%.
Vaults don't have ANY liquidation risk.
The team launched a new product called ONyc/USDG Multiply.
The leverage is not very high, just 1.9x, but you get 20% APY on your USDG.
If you don't know, ONyc (which earns an 11.8% yield) represents tokenized access to returns generated from OnRe’s Asset Management business.
For Solana, there is rstSOL/SOLMultiply with 21.4% APY.
The leverage is also not too big compared to other SOL multiply products; currently it's just 5x.
If you are not sure what leverage to use, then use average 4.2x.
Don't forget that you can borrow against your stock if you need liquidity or even earn on it.
Current Borrow APY is 3.4%, but lending in vaults is 8-11%.
So you can potentially earn 5-8%, then reinvest it back into stock or just keep the earned USDC.
There are plenty of protocols on Solana offering yield, but don’t just chase the highest APY always look at security first.
Kamino has already completed 18 audits since launch
They use soft liquidation, meaning positions are only partially liquidated your net value is preserved
Yield matters, but security keeps you in the game. That’s why I choose Kamino.
To ensure that you can safely and quickly enjoy Solana DeFi, use Solflare Wallet!
Download now → https://www.solflare.com/ (Available on Android, IOS, Browser extensions)
Hold strong with the most powerful wallet on Solana
