$WETH / $USDC

realistic apy 81.9%, headline 84%. capital range $5k - $471k. 1x leverage.

provide weth/usdc liquidity on aerodrome-slipstream (base). base fee yield 35.1% plus rewards 48.9%. uncorrelated lp exposure, eth and usdc move differently.

why this might disappear: rewards drive 58% of apy. if the reward token dumps or gets unlocked, the headline number collapses.

risks

• Uncorrelated LP, impermanent loss can erase the APY edge

• Rewards drive 58% of APY, risk of decay or token unlock

• DefiLlama flagged ilRisk=yes for this pool

i’d rather take the base yield and skip the reward lottery.

anyone running this live? what’s your real fill?

full deep digest at falsifylab.substack.com

#DeFiYield #Base #UncorrelatedLP

Originally published on FalsifyLab Substack.