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Tracking Down Safer Yields in DeFi

DeFi just got reminded that yield doesn’t matter when the system breaks down. Here are five onchain opportunities built to withstand chaos.

Jack Inabinet
Apr 30, 2026 • 5 min read

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Crypto’s latest rash of exploits has made onchain risks feel inescapable. More than $630M has been stolen 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 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.

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Tracking Down Safer Yields in DeFi

Written by Jack Inabinet

932 Articles • View all

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.