MOST UNIQUE AND UNDERVALUED YIELD PROTOCOLS

Summary from the TLDR Crypto newsletter

Though many DeFi protocols have dozens of competitors, a few stand out as the clear market leaders or unchallenged as incumbents. Pendle Finance, which allows fixed rate yields or points-based yields on tokens, has been growing at an incredible rate, driven by the point farming meta. Fluid is an innovative DEX with high capital efficiency and LP APRs. Lombard is liquid-staked Bitcoin from Babylon, the EigenLayer of Bitcoin, and has an ongoing points program. EtherFi stands out as the leader in the LRT space with numerous indices and yield generation products.