How to find hidden gems among DeFi protocols to generate good apy within 10 mins
The answer = Follow whale wallets
Only 3 easy steps (+ example π)
The answer = Follow whale wallets
Only 3 easy steps (+ example π)
1. Use DefiLlama to find a protocol with a TVL spike
Just filter by 1m change + screen for decent TVL ($1M+)
In my case, I found @GearboxProtocol !
defillama.com
Just filter by 1m change + screen for decent TVL ($1M+)
In my case, I found @GearboxProtocol !
defillama.com
2. Use @DeBankDeFi to deep dive into the top 5 wallets having most net worth on the protocol
I selected the 4th one. (0x9026a229b535ecf0162dfe48fdeb3c75f7b2a7ae)
And here's where I found interesting protocols in which this wallet is providing liquidity.
debank.com
I selected the 4th one. (0x9026a229b535ecf0162dfe48fdeb3c75f7b2a7ae)
And here's where I found interesting protocols in which this wallet is providing liquidity.
debank.com
3. Screen and decide
One of them is @BendDAO, enabling your NFTs as collateral to borrow ETH.
On the other hand, you can deposit ETH to earn 7.26% APR.
It has great credibility among NFT traders.
Plus, given decent and real yield, I'd choose to deposit on BendDAO.
One of them is @BendDAO, enabling your NFTs as collateral to borrow ETH.
On the other hand, you can deposit ETH to earn 7.26% APR.
It has great credibility among NFT traders.
Plus, given decent and real yield, I'd choose to deposit on BendDAO.
Keep searching and you will find defi protocols having decent yield and good entry to buy its token. π
I will share them in the next thread. Meanwhile, enjoy and comment your favorite one!
I will share them in the next thread. Meanwhile, enjoy and comment your favorite one!
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