Today I want to take a closer look at one of my current favorite positions on MaxFi: my AERO/WETH pool.

To lazy to read?

At the moment, the position is out of range, which means the displayed performance number will likely move down temporarily. However, the pool has already delivered an impressive result so far: more than 130% average performance over the current running period.

The position has been active for around 14 days and has collected approximately $9.30 in rewards. Its current value is around $172, held fully in WETH, with the WETH balance now sitting at roughly 0.103 WETH.

Position Setup and Range

The position was initially created with 0.1 WETH, which at the time was worth around $202. Since then, the broader crypto market has moved down, so the dollar value of the position has dropped. However, that is not the main goal of this strategy.

The objective of this position is to accumulate assets over time, especially through fees and rewards. In this case, compounding is enabled, meaning part of the earned value is continuously added back into the pool.

The position range is currently around 6%. Looking back, I probably would have chosen a slightly wider range, especially because the pool had an 8-hour rebalance delay and has already gone through several rebalances.

How the Rebalancing Worked

One of the most interesting parts of this position is how the rebalancing behaved over time.

There were several moments where the pool was out of range. In some cases, it remained out of range for more than eight hours. However, the rebalancer still positioned the liquidity as efficiently as possible based on the available range and price movement.

The so-called “Snuggle Rebalancer” did what it was supposed to do: it adjusted the position without requiring a manual swap. After a strong price move downward, the position was rebalanced further down as well.

From here, three things can happen:

The price can remain around the current level, in which case the position may not earn many fees.
The price can move back up, which would bring the position back into range and allow it to earn fees again.
Or the price can move further down, which may trigger another rebalance lower.

Rewards Earned So Far

The position started with 0.1 WETH and has grown to around 0.103 WETH. That means roughly 0.003 WETH has been added to the position through the strategy.

In addition, the pool also generated AERO rewards. Across the rebalances, around 13.4 AERO tokens were collected and sent directly to the wallet. These tokens can now either be held, sold later, used for lending, or potentially used to create another pool.

Why Correlation Matters

One reason I like this type of pool is that AERO and WETH have a reasonable level of correlation. Using DeFiLlama’s correlation matrix, the AERO/WETH pair shows a correlation of around 0.75.

That is not as high as something like BTC/ETH, but it is still a strong enough relationship to make the pair interesting. Correlated assets tend to move more similarly over time, which can make liquidity positions more stable compared to highly volatile or unrelated pairs.

Why I Like This Pool

This is not necessarily my highest-performing pool. There are more aggressive pools that can produce higher returns, but they usually come with much higher risk.

What makes this position attractive is the balance between performance, asset quality, and relative stability. As long as the pool continues to perform above 100%, I am very happy with it.

I may even consider opening another position or adding a similar setup in the future. Since MaxFi does not currently allow adding liquidity to an existing position, creating a new pool could be the better option.

The long-term goal is simple: continue accumulating both AERO and WETH and build a stronger treasury around these two assets.

Final Thoughts

Overall, this AERO/WETH MaxFi position has been very interesting to follow. It shows how automated rebalancing can work in a real pool and how a correlated cross-pair can perform even during a broader market downturn.

The position is currently out of range, so short-term performance may fluctuate. But from a long-term perspective, I am satisfied with how it has handled price movement, rebalancing, and reward generation so far.

Nothing here is financial advice. This is simply an educational look at how one real MaxFi pool has performed and how the rebalancing process can work in practice.

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https://www.maxfi.tech/deposit?ref=0x572e888614B7e1726624ac49c51bDde1a72C428d