A New Wave ofPools of LiquidityThis is attracting significant capital to the DeFi ecosystem, with revenues that vary between8% and 15% per yearUnlike the unsustainable yields of the previous cycle, new revenues are based on real sources of revenue, such as protocol rates, loans and market making.
Where does the income come from
The revenue from the new pools is generated mainly from three sources: transaction fees collected by DEXs, loan interest and liquidation premiums.Pendlewhich allows for tokenization and future income trading, andEthan, which uses basic trading strategies, are among the most popular.
Pendle, for example, allows users to buy future stETH (Lido Staked ETH) returns at a discount, effectively curbing higher rates than those offered by direct staking.
Risks involved
While returns are attractive, it is crucial that investors understand the risks associated:
- The risk of smart contracts:Vulnerabilities in protocol code can result in loss of funds
- The permanent loss:Liquidity providers in DEXs are subject to losses due to price divergence
- Risk of liquidation:Leveraged positions can be settled in sudden market movements
- Risk of Regulation:Changes in regulation can affect DeFi protocol operation
Comparison of fixed income in Brazil
With the Selic rate projected at 9.5% by the end of 2026, DeFi returns on stablecoins paired to the dollar become an interesting alternative for Brazilian investors seeking exposure to strong currency returns.
Experts recommend that beginner investors start with stablecoins pools on audited and consolidated protocols, such as Aave and Compound, before exploring more complex strategies with higher return potential.
The warning:Past income does not guarantee future results.This content is informative and does not constitute an investment recommendation.