I spotted a 3,500,000 #1INCH deposit into the staking contract earlier. Which single handedly took the apy from 187% > 143%

So I thought to myself let’s do a quick whale watch shall we??

0xa0f75491720835b36edC92D06DDc468D201e9b73

Here’s what I found

0xa0 has a net worth of $70m so this entity is a Chad.

Interestingly this wallet has very little debt ‘only’ half a mil mainly from their $SNX staking position.

It’s usually common to see these ‘Smart LP’s’ (as described by @nansen_ai ) borrow off $ETH $BTC

0xa0 is a Chad $wBTC / $ETH LP provider.

They have $19.5m position in $SUSHI & $15.5m in $BAL

They also have a $2.5m position in Shell protocol $BTC pool

Common theme in the majority of these large wallets is no deposits in @iearnfinance & large positions across multiple pools in @CurveFinance & it’s no different here with $177k $veCRV locked for boosts on $CRV pools.

Interestingly they have borrowed $56k worth of $CRV also

From Cream supplying $250k of $USDC with lots of breathing room.

They’re in 9 $CRV pools totalling $12.4m with apy’s from 10-40%

Half of this is renBTC pool & is staked in $BADGER rn.

Other notable positions this entity holds is $3.1m worth of $NXM & $2m of $AAVE (not staked) & locked $DODO

@DeBankDeFi estimates this wallet is earning $7,500 per day in interest & is acquiring $53 from debt positions.

There is $66k worth of claimable yield farming rewards

Which indicates a comfortable position in where they do not have to constantly dump rewards to hedge their position. Obviously the lack of debt is the reason for this!

Overall respect to this farming overlord & hopefully we can learn a thing or 2

Shrimp Out