Have been continuing to think more about my longer term strategies for maintaining and growing the stack these days...seems to me most onchain stuff is rapidly drying up, and I don't expect super lucrative positions to pop again until BTC breaks ATHs and we get an ETH rally to $3k

Accordingly, smart DeFi yield seems to be the move.

Have got a chunk of stables still farming USDB on Blast (heavily considering moving that soon), but the more interesting spots for me are Liminal (on HL) getting ~18% APY from delta neutral perp funding farming and the Hydration yield farms on Polkadot (tBTC and USDC/USDT stablepool).

As you can see Liminal fluctuates expected rates daily, and it depends on your coin strategy...it's also full at cap atm, but when it opens back up I'll be shoving in more stables.

These are the current rates on Hydration - 17% stables, 12% tBTC...but the Hydration lads said that tBTC was going to get extra juiced when the new DOT grant goes live in a week. I will be watching that one closely. Nice thing about the Hydration yield is that while the borrow cap for USDC/USDT is full, you can just deposit your own stables (not sure what the deposit cap is tbh).

As always be mindful of protocol risk when farming things above the treasury risk free rate.