Weekly Alpha #37 - Maximizing Yield on Base with Bitcoin
Latest DeFi Alphas Delivered in a Concise Newsletter.
Welcome to the latest edition of Weekly Alpha.
I deliver insights on the cryptocurrency market, emerging projects, macroeconomic trends, and DeFi directly to your inbox.
In this edition of The Weekly Alpha:
🧑🌾 Actionable DeFi Strategie On Base
📆 This week in DeFi
🎧 Pocasts of the week
🔓 Token Unlocks
Liquid Bitcoin Staking With Lombard Finance
One of my strategies over the years has been to use DeFi protocols like AAVE and Aerodrome Finance to accumulate more Bitcoin. The reason for this is that I consider Bitcoin to be my savings account. Given its fixed supply and sound monetary policy, I continue to believe that Bitcoin is the superior store of value.
This week, I want to introduce you to Lombard Finance, an LST (Liquid Staking Token) for Bitcoin on EVM blockchain.
Why Lombard Finance?
Lombard Finance is built on Babyblone, and by holding LBTC, you can earn a native yield from Babylon Staking. To put it simply, think of it as Lido’s Staked ETH, but for Bitcoin. Essentially, you’ll be putting your BTC to work through Lombard Finance.
LBTC is backed 1:1 by native BTC, but what makes it interesting is that by holding LBTC, you can also use it on DeFi protocols like AAVE.
By holding LBTC, you’ll earn LUX points, and I won’t lie—the potential for an airdrop is an added incentive. However, I truly believe that earning yield on my Bitcoin is a game changer.
Available EVM chains for LBTC:
Ethereum
BNB
Base
Corn
Swellchain
To acquire LBTC, you can swap for it on platforms like Uniswap or Aerodrome Finance, or stake native Bitcoin to receive LBTC in return. You can also unstake your LBTC to get your native Bitcoin back.
Since its launch, Lombard Finance’s TVL has been growing exponentially, currently reaching $1.979 billion.
So, in addition to the airdrop speculation, there’s a real demand for earning yield on Bitcoin, and the protocol is gaining significant popularity, especially with the rising Bitcoin price.
What I’m reading this week 📆
News 🗞️
In this section, I curate the week's most impactful DeFi news. This way, you can bypass the chatter on Twitter and concentrate on the essential updates.
ZachXBT rug pull drama reveals extent of unpaid detective work - read
Bitcoin bull market at risk? 7 indicators warn of BTC price ‘cycle top’ - read
Magic Eden Unveils No-Code NFT Launchpad - read
Clout.Me Blends Social-Fi with Memecoins - read
THORChain halts withdrawals amid $200M insolvency - read
Ethereum’s native rollups promise trustless scalability - read
What I’m listening this week 🎧
In this section, I feature the week's most compelling DeFi podcasts and videos.
Bell Curve: Crypto's Speculative Phase & Ethereum's Mass Reform
Unchained: Why Ethereum’s New Marketing Arm Is Convinced Wall Street Will Adopt ETH
The Rollup: America’s Crypto Golden Era with Stani Kulechov and Omer Goldberg
Empire: The Real Strategy of Optimism's Superchain | Ben Jones & Ryan Wyatt
Token Unlocks 🔓
OP (2.32% of circulating supply) - Jan 31
SUI (2.13% of circulating Supply) - Feb 01
EIGEN (0.55% of circulating supply) - June 28
Wrapping up for this week. For daily DeFi updates, follow me on Twitter
None of the information in this newsletter constitutes financial advice. While I personally use most of the protocols that I discuss, it's important to understand that they involve substantial risk. Don’t invest what you can’t afford to lose