Asset Allocation Autopilot: Earning 15%+ APYs in DeFi

In my last post, I covered how you can bring some money into the crypto world to set up a “savings account” where you’re earning interest on assets that are pegged to the US Dollar. 

But tossing your crypto into an account where it can earn 5 to 10% annually is just the beginning. Using more advanced Decentralized Finance protocols like I’m going to cover here, you can get those numbers up to 15 to 20% by letting software optimize how your savings are allocated.  

In the financial world that we’re used to, if you have some money that you want to earn interest for you, you might explore a few banks and see what kind of interest rates they’re offering. After some careful consideration, you could pick Wealthfront or Marcus or Chase—whoever seems like they’re going to pay you the most interest on your savings. 

In the physical world, there’s no great way to move your savings around daily to get the highest interest rate. And you’d be somewhat insane to try to do it. But in the crypto world, it is possible. Since transactions are fast and permissionless; you could wake up every day and reallocate your funds into the platform with the highest rewards. 

Lucky for you, you don’t have to. Programmers in the Decentralized Finance space have built software that can do it for you. 

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