# Tracking Down Safer DeFi Yields *Author: Bankless* *Published: Apr 30, 2026* *Source: https://www.bankless.com/de/read/tracking-down-safer-defi-yields* --- **🔒 FREE PREVIEW: **Upgrade to unlock full access. [**Join Bankless Premium**](https://www.bankless.com/join)**.** [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2026/04/Group-738-1-1.png)](https://metamask.io/card?utm_source=bankless&utm_medium=partner&utm_campaign=cmp-161319519-afbf08) Tracking Down Safer DeFi Yields Published on Apr 30, 2026 [ View in Browser ](https://bankless.com/read/briefs) --- [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568) [](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568) [](https://ready.go.link/bankless-nb-t)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568) [**Sponsor: MetaMask**](https://metamask.io/card?utm_source=bankless&utm_medium=partner&utm_campaign=cmp-161319519-afbf08) - Spend crypto anywhere online and AFK with MetaMask Card.[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568) [](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568) [](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://www.bankless.com/portal/content/posts/view?id=8502) [](javascript:;) [Learn about MetaMask Card](https://metamask.io/card?utm_source=bankless&utm_medium=partner&utm_campaign=cmp-161319519-afbf08) .  .  . NEED TO KNOW MEGA Goes Live [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2026/04/Group-22--18-.png)](https://www.bankless.com/)- 🐰** MegaETH Token Goes Live. **The long-awaited MEGA token is [finally here](https://www.bankless.com/read/news/megaeth-token-goes-live) and currently trading at a $1.6B FDV. - 🟠 **Tether Proposes Three-Way Merger Between Twenty One Capital, Strike, and Elektron Energy.** Tether is [orchestrating](https://www.bankless.com/read/news/tether-proposes-three-way-merger-between-twenty-one-capital-strike-and-elektron-energy) a sweeping Bitcoin power play, backing a three-way mega merger and fueling it with $2.1B of fresh credit. - 😬** Another Day Brings Another Crypto Hack, Wasabi Protocol Drained for $5M+**. April 2026 now ranks as the [most-hacked month](https://www.bankless.com/read/news/wasabi-protocol-hacked) in crypto history, by number of incidents. 📸**Daily Market Snapshot: **Tech stocks saw plenty of volatility after earnings reports that continued to showcase massive AI expenditures. Google stock pumped 10% Thursday amid a massive revenue beat, while Meta fell 9% as its AI spending estimates surged. Prices as of 5pm ET 24hr 7d ![](https://banklesspublic.b-cdn.net/cmc.png) **Crypto** $2.55T ↗ 0.5% ↘ 2.0% ![](https://banklesspublic.b-cdn.net/btc.png) **BTC** $76,357 ↗ 0.7% ↘ 1.9% ![](https://banklesspublic.b-cdn.net/eth.png) **ETH** $2,258 ↗ 0.5% ↘ 2.8% .  .  . ANALYSIS Tracking Down Safer Yields in DeFi Bankless Analyst: [ Jack Inabinet](https://www.bankless.com/author/jack) [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2026/04/image---2026-04-30T172803.303.png)](https://www.bankless.com/read/tracking-down-safer-yields-in-defi)Crypto’s latest rash of exploits has made onchain risks feel inescapable. More than $630M has been [stolen](https://x.com/chrisdior777/status/2049747077224132698?s=20) from blockchain-based financial applications **this month alone**. The hacks have shaken confidence in onchain yields. Earlier this month, a nefarious actor used illicitly minted and unbacked rsETH to [open](https://www.bankless.com/trapped-liquidity-7b-bank-run-freezes-cryptos-leadin-lenders-locked-in) a multi-hundred-million-dollar bad debt black hole in lending market lynchpin Aave V3, siphoning nearly $200M from lenders in the process. While no crypto protocol can guarantee full immunity from smart contract risk, it's true that some employ fundamentally safer approaches to yield farming than Aave V3, whose depositors are exposed deployment-wide to potential insolvency if even one single onboarded market suffers unexpected losses. *Today, we break down safer crypto yield opportunities *👇 ## **🕰️ Pendle** [Pendle](https://www.pendle.finance/) is a yield splitting protocol, a special type of DeFi primitive that creates two distinct tokens: principal tokens (PTs) and yield tokens (YTs). The first can be redeemed for an underlying crypto asset at a specified future date, and the second represents a claim to all yield generated from that asset in the interim. Using PTs, Pendle yield farmers can **safely guarantee** their yields until a specified future date, denominated in units of the underlying asset. PT holders can also redeem early by purchasing an equivalent amount of YTs, which can be used in combination to create a liquidity provider position and redeemed for the underlying. While Pendle users are responsible for evaluating the safety of the individual yield markets they deposit into, there is **zero risk of protocol-wide contagion** if the value of any single Pendle-onboarded crypto asset becomes impaired. The Protocol’s smart contract logic is only responsible for ensuring that users can redeem their tokens for a pre-specified amount of underlying assets, insulating the broader system from any specific asset shocks. ### **Top Yield Opps:** Get risky and receive [9% APY](https://app.pendle.finance/trade/markets/0xcbf629c8d396b1261f81f55175afa010e94787d8/swap?view=yt&chain=arbitrum) on sUSDai (a GPU-backed stablecoin) for the next six months, play it safe and lock in [3% APY](https://app.pendle.finance/trade/markets/0xf78452e0f5c0b95fc5dc8353b8cd1e06e53fa25b/swap?view=pt&chain=arbitrum) on Lido’s stETH until June 24, or select another risk-return combination that meets your needs with Pendle principal tokens. ## **🦄 Uniswap** [Uniswap](https://x.com/Uniswap) is one of the longest standing and most simplistic crypto yield generation protocols. At the highest level, Uniswap “liquidity providers” (users who deposit two different crypto tokens into a Uniswap pool) get paid every time a trader’s swap is intermediated through their tokens. The Uniswap model of risk management is extremely bare bones and outsources all decision making onto the liquidity provider. Users must navigate between thousands of available pools to identify ones with safe asset pairings. They are also responsible for manually setting a liquidity range distribution, essentially a tradeoff slider between position efficiency and risk. While long-tail asset pairings can earn higher token-denominated yields on Uniswap, the dollar value of these yields cannot be assured. Additionally, tighter liquidity position ranges may increase a position’s capital efficiency (and thus its returns), but can leave users exposed to unexpected losses when token values rip beyond their expected range. Innumerable sudden token rugs have occurred on Uniswap, yet this AMM’s design ensures that losses are fully contained within the affected pools, **leaving Uniswap’s overall solvency untouched every time**. ### **Top Yield Opps:** [Continue Reading with Premium](https://www.bankless.com/read/tracking-down-safer-yields-in-defi) ---