Capacity-aware yield
A yield projection that models how the rate degrades as additional capital deploys into the same pool.
Headline APY is a marginal rate at the current state. StableLens publishes capacity-aware yield curves on each pool detail page so allocators can see what APY actually clears at, e.g., $5M, $25M, or $100M of fresh deposits given the pool's Utilisation curve and competing borrow demand.
Related terms
- APY (annual percentage yield)An annualised yield that accounts for compounding — the standard quote for variable-rate lending.
- UtilisationBorrowed assets / supplied assets in a lending market — drives the supply / borrow rate via a kinked curve.
- Exit liquidityHow much capital can leave a position at a defined slippage tolerance over a defined window.