StrategyKashiMultiPairLender was found to have accrued returns of 165.8 DAI and 266.6 DAI for the last 15 and 30 days respectively. For the same period under investigation, StrategyLenderYieldOptimiser returned 13.8 DAI and 113.4 DAI respectively.

Findings & Conclusion

The numbers show that StrategyKashiMultiPairLender is the better strategy out of the two because it produces the best yield while having the least capital allocation. Moreover, StrategyLenderYieldOptimiser is exposed to a locking period at AAVE where staked AAVE rewards become illiquid for some time. The disadvantage of this lockup period is that StrategyKashiMultiPairLender is able to harvest and re-invest rewards while the other is in lockup. Most importantly, StrategyKashiMultiPairLender has access to DAI pair lending pools with APRs as high as ~10% in addition to SUSHI reward tokens on the Kashi platform. StrategyLenderYieldOptimiser on the other hand has access to a single DAI lending pool with an APR of ~4.06% annually, together with staked AAVE tokens that must be locked up.

In essence, StrategyKashiMultiPairLender is much more flexible and exposed to a market with a higher yield while StrategyLenderYieldOptimiser is deployed in a less flexible market with a lower yield.

Capital Returns

The charts below show the 15-day and 30-day returns breakdown for the LenderYieldOptimiser and KashiMultiPairLender strategies. These strategies were created 28 days ago hence do not have data for 90 days. Therefore accrued returns are only taken for the last 15 and 30 days respectively.

StrategyKashiMultiPairLender

Lends DAI on Sushi via Kashi to gain interest. Rewards are harvested, sold for more DAI, and deposited back into the vault.

StrategyLenderYieldOptimiser

Lends DAI on AAVE to gain interest and accumulate staked AAVE as rewards. When the staked AAVE unlocks the AAVE will be harvested, sold for more DAI, and re-deposited into the vault.

v2 DAI yVault

yvDAI is a yearn vault that takes DAI deposits and spreads the funds across a number of strategies to earn yield. This dashboard will focus on two strategies; StrategyLenderYieldOptimiser and StrategyKashiMultiPairLender.

Introduction

Yearn is a suite of DeFi products designed to generate yield using smart contracts. Yearn's core products are Vaults and Earn. Vaults are capital pools that generate yield based on the opportunities present in the market. Earn is a lending aggregator that automatically shifts funds between dY/dX, AAVE, and Compound as interest rates change between these protocols.