I’m new to the exciting world of Defi and the more I learn about it the more I realise there is to learn! Have a modest amount of BTC (less than 1) that I’d like to try earning a better yield with by providing liquidity rather than using one of the platforms which just loan it out on your behalf and pay around 5% interest. Also prefer to keep the BTC in my own wallet for obvious reasons. I’ve heard good things about toad.network and how it offers reward for proving LP in order to encourage adoption and it also allows me to deposit asymmettrically which is attractive because I don’t want to sell my BTC to get a second asset to pool (as on Uniswap)
I’m confused about the massively varying apy’s though and it seems like you have to constantly be monitoring and swapping pools to maximise your return? I will appreciate your advice and sentiments. Thank you!