Every yield page in crypto leads with a headline APY. That number is usually two different things added together: what the pool genuinely earns from fees, and tokens being printed to attract deposits. This splits them, so you can see what you would still be earning if the incentives stopped tomorrow.
A yield figure is usually two different things added together. There is what the pool genuinely earns, which is fees paid by people trading through it or interest paid by people borrowing from it. And there is what is being printed, which is a reward token issued to attract deposits. Both appear in the headline. Only one of them survives the incentive programme ending.
This splits them. The green part of each bar is yield the pool earns. The amber part is emissions. If the amber part disappeared tomorrow, the green part is what you would still be getting, and that is the number worth comparing against anything else you could do with the money.
Nothing here is a view on whether a protocol is safe. A pool can pay a genuine, well earned yield right up until the contract holding the money is exploited, and yield data cannot see that coming. The rate is only one of the risks and usually not the one that costs people everything.
Usually because a large share of the advertised figure was paid in a reward token rather than earned, and that token fell in value between being issued and being sold. The headline assumes you receive the token at the price on the day and sell it instantly. In practice the emissions themselves push the price down, because everyone earning them is also selling them.
Base APY is money the pool actually generates: trading fees from people swapping through it, or interest from people borrowing. It exists because someone is paying for a service. Reward APY is a token the protocol prints to attract deposits. It is a marketing cost, it is finite, and when it ends the yield falls to the base rate. This tool shows both, and states what the base rate is on its own.
Not always, but a very high one nearly always means either heavy emissions or a small pool where a modest amount of fee income divides across very little capital. Neither survives money arriving. The useful question is not how high the rate is but what is paying it and for how long.
It applies to any pool holding more than one asset. The pool automatically sells whichever asset is rising and buys whichever is falling, so if the two move apart you end up with more of the loser than you started with. Compared to simply holding both, you are behind, and the yield has to cover that gap before you are ahead. Every row here says whether it applies.
No, and this is the most important limitation of the page. Yield data says nothing about whether the contract holding your money can be exploited, whether the team can withdraw it, or whether the protocol is solvent. A pool can pay an entirely genuine yield right up until the moment it is drained. The rate is one risk and usually not the one that costs people everything.
Live pool data from a public source, read fresh when you load the page, free, with no sign up and no wallet connection. Pools reporting outlier or impossible rates are excluded from the ranking and the number excluded is shown, because a four figure APY is a data artefact rather than an opportunity.
We seal the list every week and keep re-checking every token on it, so you can see what actually happened to them rather than only what is trading today.
