Risk-On & Risk-Off Vault
The Risk-On Vault indicates a stable yield of 15-25% APY.
By neutralising the market deltas, returns on this vault have mainly derived from auto-compounding ETH rewards into sGLP and the Trader PnL.
The Risk-Off Vault yield is at 6-8% APY compared to the ~0.5% supply APY on Aave
The source of yield comes down to two components :
- Lending interest on Aave
- ETH yield split from GLP