Emissions
token emissionsinflationary emissions
Newly-minted protocol tokens distributed as rewards — most often to LPs and borrowers as a form of customer acquisition.
Emissions inflate token supply and dilute holders unless absorbed by demand. The economic question for any emissions-backed yield: is the rate sustainable once the schedule decays? StableLens decomposes total APY into native vs. emissions explicitly so this is visible.
Related terms
- Incentive yieldYield paid in tokens emitted by a protocol or partner, on top of the underlying native rate.
- Native yieldYield that comes from underlying protocol revenue (interest, fees) rather than token emissions.
- GaugeA Curve mechanism that directs CRV emissions to a chosen pool, with weights set by veCRV votes.