I am looking to invest some BTC to generate passive yield on my collateral. What are the best techniques and places to invest and generate passive returns on BTC?

Most of the top projects were offering somewhere from 1% to 10% returns on BTC lending.

Although, there was one project in the De-Fi world that piqued my interest. WOWswap, a cross-chain De-Fi leverage lending protocol is offering users to generate 719% APY by lending to their pool.

I did some initial research and was able to understand that:

• Leverage traders use WOWswap to make leverage (up to 5x) long, short positions in various coins.
• The liquidity for leveraged trade comes from a liquidity pool where depositors lend their token to the liquidity pool and are rewarded with returns that comes from the transaction fees generated by leveraged traders.
• Returns on any lending is decided by the pool utilization and the demand for those tokens to trade.

Currently, BTC has 719% APY (https://wowswap.io/earn) which makes it a very attractive proposition to lend especially in the current volatile markets.

Has anyone tried using their lending option to earn returns? Do let me know your thoughts around this protocol or if there are any other better investment opportunities to earn passively in BTC.