This looks like a good yield opportunity for smaller portfolios: @TenorFinance is a new fixed-rate money market built on top of Morpho Midnight and backed by Coinbase. And it launched a pretty attractive incentive program for lenders. For instance, you can get 66% APR paid in $MORPHO token rewards if you lend 1000 USDC against WETH collateral on Tenor right now. This is on top of a 3.71% native APR. There's limited liquidity as the protocol just went live yesterday, and the maximum amount you can lend to this market is only ~$4,000 in USDC for now. But you can also set a lending limit order at a lending rate you choose and hope it gets filled. This is what I plan to do in order to be able to lend a larger amount. As it's a fixed rate, fixed-term money market, you also have to select a lending duration when lending: I'd recommend selecting the July 30 maturity date. The only catch? Every week, a fixed amount of 2,000 MORPHO rewards is distributed, and as more capital is deposited on Tenor, the lending APY will obviously go down as the rewards will become more diluted. But as long as the MORPHO rewards yield stays above 10% APR, to me this seems like a good farm from a risk/reward perspective. By comparison, lending against a top collateral like WETH via the Morpho UI would earn you only 4-5% APY. There's also a chance that Tenor will have a token at some point. And if that's the case, then using it early might be a good way to secure an airdrop allocation.

Here's a yield strategy offering 55% APY: 1. Buy PT-sUSDai-15OCT on @pendle_fi 2. Bridge it to BNB Chain via Pendle's PT bridge 3. Go to @lista_dao Lending 4. Loop PT-sUSDai-15OCT/USDT there At 11x leverage, this strategy returns ~55.6% APY. That's because the avg 7d borrowing rate for USDT on Lista is 4.67% per Yieldz(.)io. Meanwhile, PT-sUSDai offers a 9.3% fixed APY. So there's a huge spread between the PT-sUSDai yield & the USDT borrow rate. sUSDai yield comes from GPU-backed loans. If you hold sUSDai, I don't think there's any better way at this moment to use it in DeFi than this.