Noticing a weird pattern lately:

Multiple wallets like Hana, X-portal or Beans are suddenly offering near-identical (double digit) stablecoin yield experiences.

Same idea:
• deposit idle USDC
• earn automatically
• all inside the wallet

That means that there's some infra they're all leveraging – and if you understand who sits there, you have the alpha.

So I started digging and it turned out that under the hood, a lot of these wallets are plugging into the same yield layer – @defindex_.

That's basically yield-as-a-service for wallets. With 1M TVL, they are growing fast.

Instead of every wallet reinventing strategies, risk management, and ops, they embed a common engine and focus on user acquisition.

Very interesting player to watch imo.
Planning on trying it in @hanawallet myself soon.
Quite a hidden gem, if you wish.