Overview

This subpage details how Clearstar sources yield opportunities across DeFi. It is the first step of the Capital Allocation Framework and covers the sourcing channels currently in use, the checklists applied at intake, and the criteria for advancing an opportunity to Initial Screening .

Sourcing is currently conducted through five primary channels, each with its own characteristics, cadence and level of signal. These channels are not exhaustive; Clearstar may adopt additional sourcing methods as the DeFi landscape evolves. Regardless of the channel, every opportunity is logged in the internal tracking tool and must meet a minimum set of requirements before it can progress.

Minimum Requirements (All Channels)

Before any sourced opportunity can advance to the Initial Screening stage, the following must be satisfied:

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Hard rejection criteria Opportunities are rejected outright if they are on a chain not currently supported by Clearstar or if TVL falls below the minimum threshold. Even rejected opportunities are logged in the internal tracking tool for future reference, as conditions may change (e.g. support is added for a new chain, or TVL grows over time).

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1. Third-Party Screeners (DeFiLlama)

DeFiLlama serves as Clearstar's primary third-party screener. The Yields dashboard is used to identify and filter yield opportunities across protocols and chains. This channel is best suited for discovering existing opportunities that may have been mispriced or overlooked since their launch, rather than for finding brand-new deployments.

Process

The following filters are applied on the DeFiLlama Yields page as a starting point: