Today in DeFi

Today in DeFi

Farms

10% on Loopscale, ~11% on Balancer — This Week's Farms

Selected picks across USD stables and ETH. APYs are current as of today — verify live before entering.

Aug 20, 2026
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Farming Benchmarks:

Every farm below beats that baseline. When a rate looks too good relative to this range, that gap is usually the incentive/emissions component, not organic yield — check the breakdown in each card.

Earn up to 11% Stables and >5%on ETH:

Loopscale – OnRe Growth Vault –10.56% APY(Solana – Multi-venue lending vault)

This is a diversified multi-venue vault, not a single ONyc-collateral bet: 84.46% allocated to Loopscale’s own lending markets (10.88% APY), 14.59% to Kamino (6.12% APY), and a negligible sliver to Exponent’s fixed-yield ONyc market (15.27% APY). Direct ONyc exposure sits at just 0.086% in unallocated reserves — far less than the earlier ONyc-collateral framing suggested.

Loopscale’s own markets (84.46% of the vault) are the dominant risk driver here — the specific collateral those 3 positions accept isn’t detailed on this view and is worth checking under Loopscale’s Allocation tab before assuming this is meaningfully diversified away from any single asset. Vault is nearly fully deployed (99.08%) against a $10M cap, with $6.576M currently supplied.

Risk — Medium ⚠️
Most yield comes from Loopscale’s own lending markets — verify what collateral those 3 positions accept, since “diversified across venues” doesn’t necessarily mean diversified across asset types if Loopscale’s markets are concentrated. Kamino allocation is standard Solana lending risk.
Exponent’s fixed-yield ONyc sliver is negligible in size but carries the reinsurance-backing risk discussed for ONyc directly (regulated but novel, real-world claims exposure). Loopscale, Kamino, and Exponent smart contract risk all apply given the multi-venue structure.


Balancer – USDT0/AUSD/USDC Tristable ~10-11% APR(Monad – V3 Stable LP)

Composed of USDT0, AUSD, and USDC, each wrapped as yield-bearing Morpho-style tokens (waMonUSDT0, waMonAUSD, waMonUSDC) contributing 2.52% combined passive yield on top of trading fees. The displayed Merkl incentive component (10.52% shown) is affected by Balancer’s known double-counting bug — already reported to their team, not yet fixed.

Risk - Medium ⚠️
Displayed APR is currently inflated by a confirmed Balancer accounting bug — don’t size a position off the 13.05% headline.
Underlying composition spans three different stables (USDT0, AUSD, USDC) each with their own backing model; verify each individually. Genuine organic swap volume is a positive signal versus a purely incentive-driven pool. Monad network risk applies. Balancer V3 architecture (unaffected by the Nov 2025 V2 exploit).

Balancer – WETH/rETH LP –4.81% APR (Ethereum – V3 ETH LST LP)

WETH (native ETH, wrapped) paired with rETH — Rocket Pool’s liquid staking token. Every rETH represents a proportional claim on the total pool of ETH staked across Rocket Pool’s validators, accruing value not through token distribution but through exchange-rate appreciation as staking, priority, and MEV rewards accumulate.

Node operators add a second layer of protection: they bond their own ETH and RPL collateral, which absorbs slashing penalties before rETH holders are affected. Redemption works either through Rocket Pool’s deposit pool liquidity or via DEX markets.

Breakdown: 1.64% yield-bearing (waEthWETH 0.59% + rETH 1.05%) plus 3.16% Merkl incentives, totaling 4.81%. Runs on Balancer V3, unaffected by the November 2025 V2 exploit.

Risk — Lower
Both assets are ETH-correlated, so impermanent loss is minimal.
Rocket Pool’s dual-layer collateral (node operator ETH bonds + RPL) is a genuine backstop against slashing before it reaches rETH holders — a meaningful structural difference from more centralized LSTs.
Near-zero organic swap volume means this pool exists mostly for LST accrual, not trading — fine for passive holding.
The incentive component (3.16%) should be treated with the same caution as the Monad pool until we confirm Balancer’s double-counting bug doesn’t apply here too. Standard Balancer and Rocket Pool smart contract risk applies.

This Week’s Farming News:

  • Tangent’s $sUSG currently offers a 9.37% APY with a total value locked (TVL) of $1.26M since its inception.

  • Ondo Perps $175K USDC rewards pool is available this week, with $25K allocated to trading precious metals like Gold (XAU) and Silver (XAG)

  • Tori Finance invites users to supply USDC to its ecosystem vault on Morpho, offering competitive lending rates and a 10x Cores boost on supplied amounts.

  • Solstice strcUSX offers a junior vault with a current APY of 36%, incentivizing by absorbing the first-hand risk on STRC.

  • Pendle increases pool caps for PT Looping incentives to $15M for PT-reUSD and PT-sUSDS, offering amplified looping APYs up to 53.7%.

  • Kamino launches the Solana Mobile USDC Earn Vault, enabling users to deposit USDC directly from the Solana Mobile Seeker.

  • Liquity offers users the chance to earn $8K in $BOLD by migrating loans or opening leveraged positions on Liquity V2.


Today’s News Headlines:

- Trump announced major plans for crypto at the White House
- Metaplanet launches $2.1B Bitcoin treasury platform
- Oku Trade launches tokenized stock lending
- DecibelTrade adds BTC and APT spot trading
- Solstice boosts strcUSX Flares rewards
- ParagonsDAO announces end-of-year shutdown
- Concrete launches M0-powered concUSD stablecoin
- Printr shuts down August 31
- Harmony rolls back chain after exploit


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