Original author: Ignas | DeFi Research
Saoirse, Foresight News
It feels like the DeFi summer is back. But most high-risk speculators are busy losing money on meme coins, rather than profiting from the losses of these speculators.
Speculators drive Meme coin hype through FOMO, generating millions in daily trading fees. But they never become liquidity providers—they only engage in high-risk trades. If you avoid participating in this hype entirely, it’s actually a great opportunity.
Moreover, the Pons launchpad has sparked meme coins directly对标 tokenized stock offerings (AI/NVDA, BONER/HIMS, MOO/MU). Arbitrage opportunities arise between these trading pairs and standard stock/USDG liquidity pools, generating a continuous stream of fees—this is precisely the opportunity I see potential in.
You don’t need to hold meme coins to profit from these speculators’ losses. I find this strategy really interesting. Here’s what you need to know to get started.
Impressive data
Robinhood Chain launched in July. Although it has been live for a short time, its data performance has been impressive:
- Total Value Locked (TVL): $757 million
- DEX trading volume: $1.66 billion (second only to Solana's $2.1 billion and above Ethereum's $1.37 billion)
- 24-hour app fee: $16.98 million
- Stablecoin volume: $833 million, Cross-chain locked amount: $2.6 billion
- Perpetual contract trading volume: $387 million
$757 million in total locked value, generating $17 million in application fees daily.
The corresponding annualized APR reaches 819%, equivalent to 2.243% daily. With compounding, the nominal APY reaches as high as 328,000%.
(Note: The 328000% APY is a theoretical compound interest calculation derived from a single-day extreme fee share in a small pool. This yield represents instantaneous historical data and is not sustainable.)
Crypto traders @0xSammy shared a set of data: tokenized stocks generated 13 million transactions in a single day, with 203,000 wallet addresses holding tokenized stocks, a 46% increase over three days.
Why is the annualized yield here so attractive?
Two main reasons.
Nobody provides liquidity. Fomo integrated with Robinhood Chain in July. This is a meme coin trading app that does not have a liquidity pool feature.
Robinhood Wallet and Fomo also support direct credit card purchases of meme coins. The Block previously reported that JPMorgan has requested Visa to investigate this. This volume of transactions comes entirely from users who will never become liquidity providers.
If you went through the last DeFi summer, you already have all the skills needed for yield farming. And these new crypto speculators entering the space become our source of yield.
The liquidity pool is too small for institutional capital to enter. When I entered, the TVL of the RBLX/USDG pool was only $168,000, yet the trading volume reached $6.2 million. Daily fees accounted for a staggering 11% of the total locked value!
Institutions cannot invest $5 million into a pool with only $168,000 locked. This is the perfect stage for retail speculators like you and me.
MemeFi is the best on-chain liquidity market-making business.
According to @0xSammy, 22 assets have already emerged, generating 27 meme coin–tokenized stock trading pairs, such as AI/NVDA, MOO/MU, BONER/HIMS, NUDES/SNAP, and LIGMA/FIG.
BONER alone accounts for 81% of the on-chain HIMS supply. Players attempted to trigger a short squeeze, but it was essentially just a float squeeze.
Data from scopl.live shows that some meme-stock liquidity pools are among the highest-fee pools on-chain over the past 24 hours:
- AI/NVDA: $447,000
- AI/WETH: $340,000
- UBIK/GLD: $321,000
The annualized return from fees alone can reach 1329%.
You don’t need to hold meme coins to avoid impermanent loss or sudden asset losses from KOL dump events. Every AI purchase executed through NVDA, and every time BONER drives a repricing of HIMS, arbitrage robots will correct the price in the stock/USDG pool, continuously generating fees.
My current preferred pools: HOOD/USDG, NVDA/USDG, RBLX/USDG, DJT/USDG.
The complete list of Meme coin trading pairs can be viewed in the table link provided in the text.表格链接
Indeed, the experience you gained during the 2020 DeFi summer is your greatest advantage. But instead of chasing worthless cat and dog Meme coins, we’re leveraging the growth of tokenized stocks to generate returns from Meme coin speculators.
I love these high-risk meme coin traders.
Mining Tools Checklist
Revert: My favorite LP tool. Instead of following speculative meme coin traders, you can directly follow top-performing liquidity providers. Filter LPs by APR, P&L, creation time, and more. Build your own filtering criteria and run multiple tests.
I really like that it supports single-asset liquidity provision and automatic rebalancing (though the platform seems to introduce small fees).
scopl.live: A pool discovery tool that shows real-time fee APR. While the project's development quality is uncertain, it's useful for finding new pools and serves as an alternative to Revert.
vfat.tools: A well-established tool for reward mining, ideal for token reward mining. It has limited utility if you're doing LP mining similar to Uniswap.
Merkl: A vfat version for 2026, specifically designed for incentivized Uniswap positions. Filter chain selection: Robinhood. Currently, stock-token Uniswap v4 order books offer, in addition to fees, over 100% additional annualized rewards from Merkl.
Use AI for yield farming
AI has significantly lowered the barrier to entry. Use Claude, Grok, ChatGPT, or your preferred large model to help you become a better mining participant.
AI can help you track accounting and calculate total ROI, uncover new liquidity pools, and build a unified position dashboard across multiple platforms. In the age of AI, there’s no reason not to master yield farming.
At the time of publishing this article, HOOD is only 1.5% above my cost basis—quite good.