AlphaYieldsResearch
Research

Market intelligence,
evidence first.

Reports, protocol reviews, and quarterly outlooks built on the same verification data that powers the platform. No sponsored coverage. No paid listings.

Publications 9
Protocols reviewed 292
Cadence Weekly
Archive

The record.

Report

The 20% Yield Gap: How ayFLOW Outperformed FLOW Staking by 2x Over 10 Months

A ten-month, on-chain comparison of cumulative returns across direct FLOW staking, ankrFLOW liquid staking, and the ayFLOW vault, and why the 12-percentage-point gap matters more than the headline number.

9 min readJun 1, 2026
Report

The staircase, the plateau and the dip: reading nine months of live DeFi yield data

From 1,000 FLOW to 18M FLOW in TVL, ∼$210K in cumulative USD profit, and what nine months of share-price data tells us about real DeFi yield.

6 min readMay 14, 2026
Protocol review

What 9 DeFi Stablecoin Vaults Actually Paid Depositors Over 12 Months vs What They Advertised

Share-price-verified returns from May 2025 to May 2026, why a 41.5% headline number deserves more scrutiny than celebration, and what the survivors had in common.

7 min readMay 27, 2026
Protocol review

What 29 stablecoin vaults actually delivered over 16 months vs what they advertised

An on-chain look at what depositors really earned, the gap between reported and realized APY, and the eight vaults that stood up to the data.

8 min readMay 7, 2026
Education

Why DeFi Yield Aggregators Misrepresent APY, and What On-Chain Share Price Actually Shows

A breakdown of how DeFi yield is measured, why aggregator APY diverges from realized returns, and the verification methodology serious depositors should be using in 2026.

9 min readMay 20, 2026
Education

The Yield Number on That DeFi Dashboard Is Probably Lying to You

4 min readApr 24, 2026
Methodology note

ayUSD: The Vault of Vaults Solving DeFi's Yield Optimization Problem

DeFi doesn't have a yield shortage. It has a yield selection problem.

3 min readApr 17, 2026
Quarterly outlook

DAO Treasury Management in a Bear Market: Why Most Will Fail (And What Survives)

3 min readApr 10, 2026
Quarterly outlook

DeFi Yield Optimization for DAO Treasuries: A Practical Execution Framework

3 min readApr 13, 2026
Research team

Analysts with skin in the method.

Verification Research
4 analysts

Evidence trails, payout reconstruction, attestation review.

Risk & Structure
3 analysts

Counterparty mapping, oracle dependencies, stress liquidity.

Market Intelligence
3 analysts

Flows, incentive cycles, category outlooks.

Protocol Review
4 analysts

Deep single-venue assessments against the scoring framework.

Who leads it

Filipe LeonorFounder & Lead Strategist

Serial entrepreneur with 10+ years in DeFi. Co-founded Decentralized Foundation (DeFi portfolio management via NFTs). Background in asset-management strategy and institutional relationships. Responsible for strategy direction, product vision and go-to-market.

Bogdan IvaniukCTO & Engine Architect

13+ years in AI/ML and algorithmic trading. 6+ years quant crypto/forex trading. 4+ years complex DeFi strategies (triangular arb, delta-neutral funding, looping). Built the vault-discovery engine, on-chain verification layer and risk-scoring framework. Leads the technical team.

The bench

Led by Bogdan Ivaniuk

Beyond the leads, the technical team adds specialist engineers — each with 12+ years in their field — spanning quant research, machine learning, data, on-chain forensics, protocol engineering, front-end and infrastructure.

Quantitative ResearchDelta-neutral structuring · Arbitrage · Backtesting · Risk modeling · Portfolio optimization
Machine LearningStrategy automation · Anomaly detection · Agent orchestration · Time-series forecasting
Big DataClickHouse · On-chain datasets · SQL analytics · Indexing · Data modeling
On-chain AnalysisVault & smart-contract analysis · Transaction forensics · Audits & investigations
Protocol EngineeringVault architecture · Solidity · Omnichain / LayerZero · Security analysis
Front-endReact / Next.js · Wallet integration · Web3 / wagmi · Data visualization
DevOps & InfrastructureKeeper bots · Docker · CI/CD · Monitoring

Read what the data reads.

Institutional subscribers receive every report at publication.