BTCFi continues to reward patience more than constant rotation. This week wasn't about finding the next big opportunity. It was about validating that the current portfolio still makes sense while keeping an eye on where BTC liquidity is actually moving. Report | June 28 — July 3 | BTC Farming Current portfolio performance: • Net yield earned: +2.17% (+0.04%) • Annualized: ~3.53% APR (unchanged) 📍 @Starknet BTC Staking Deposited — 0.05 BTC APR — 2.42% (+0.17%) No changes. Still keeping this as the core BTC staking position. 📍 @vesuxyz Prime Lending Rewards from BTC staking remain deployed into Vesu. APR — 2.48% (+0.10%) The effective yield on this part of the portfolio is now around 3.00% APR (+0.03%). Not a major change, but enough to keep rewards compounding instead of sitting idle. 📍 Hyperithm Delta Neutral cbBTC Vault (Morpho) Deposited — 0.025 BTC APR — 3.41% (-0.59%) Still holding. Monad incentives are still active, so despite the lower displayed APR, I don't see a compelling reason to rotate this position yet. One thing I'm watching here is liquidity. Looking only at TVL in USD doesn't tell the full story when BTC itself is moving. Measuring TVL in BTC shows that capital continues to migrate between protocols, and I'm curious to see where that flow eventually settles. 📍 Lagoon Flagship cbBTC Vault Deposited — 0.025 BTC APR — 4.04% Still holding. The one thing I'm paying attention to is the vault share price. It has been relatively flat, which could indicate that returns are struggling to accumulate beyond the headline APR. I'll give it a bit more time, but Forge Yield is currently the most likely candidate if I decide to rotate this allocation. Overall, the portfolio remains largely unchanged. The market feels quieter than it did a few months ago, but that's not necessarily a bad thing. As incentives normalize, it becomes easier to distinguish sustainable strategies from temporary yield spikes. For now, I don't see a strong reason to rotate capital aggressively. I'd rather stay in positions I understand than move every week for a slightly higher APR.
