Protocol APY of 40%+ sounds great. What it usually means: the yield is paid in the protocol's own token, which depreciates faster than the yield pays out. The actual USD-denominated return is often negative. Real DeFi yield comes from protocol fees paid in established assets โ usually 3-8% on blue-chip pools.
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Protocol APY of 40%+ sounds great. What it usually means: the yield is paid in the protocol's own token, which depreciates faster than the yield pays out. The actual USD-denominated return is often negative. Real DeFi yield comes from protocol fees paid in established assets โ usually 3-8% on blue-chip pools.
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