Research Summary
This report investigates the on-chain activities of ‘Sommelier Whales’, a group of 20 wallets with diverse on-chain activity. The report highlights the ‘Real Yield ETH’ cellar as the best-performing strategy for ETH yield post-merge, outperforming stETH by over 3x. The Sommelier Whales are active yield seekers with heavy allocations to applications like Sommelier, Convex, B.protocol, Lido, Aura Finance, FraxLend, and their top token holdings include ETH, OETH, DYDX, and BITCOIN.
Key Takeaways
Performance of ‘Real Yield ETH’ Cellar
- Outstanding Performance: The ‘Real Yield ETH’ cellar has consistently been the best-performing strategy for ETH yield post-merge, with 9% APR since inception in April and 15% APR over the last 7 days.
- Superior to stETH: The ‘Real Yield ETH’ cellar has outperformed stETH by over 3x, indicating its superior yield generation strategy.
Profile of ‘Sommelier Whales’
- Top Ethereum Accounts: 50% of the ‘Sommelier Whales’ are in the top 0.1% of Ethereum account balances (USD), and 45% are in the top 0.1% of all existing Ethereum accounts based on account activity.
- Active Yield Seekers: The ‘Sommelier Whales’ are active yield seekers, indicating their active participation in yield generation activities.
Investment Preferences of ‘Sommelier Whales’
- Preference for Certain Applications: The ‘Sommelier Whales’ have heavy allocations to applications like Sommelier, Convex, B.protocol, Lido, Aura Finance, FraxLend, indicating their preference for these platforms.
- Top Token Holdings: The top token holdings of the ‘Sommelier Whales’ include ETH, OETH, DYDX, and BITCOIN, showing their investment preferences.
Actionable Insights
- Investigate the Potential of ‘Real Yield ETH’ Cellar: Given its superior performance, it may be worthwhile to explore the ‘Real Yield ETH’ cellar for yield generation strategies.
- Monitor the Activities of ‘Sommelier Whales’: As active yield seekers, tracking the activities of ‘Sommelier Whales’ could provide insights into emerging trends and opportunities in the DeFi space.
- Consider the Preferred Applications and Tokens: The applications and tokens preferred by the ‘Sommelier Whales’ could be worth considering for their potential yield generation capabilities.
