Incentive yield
rewards APYtoken incentives
Yield paid in tokens emitted by a protocol or partner, on top of the underlying native rate.
Incentive yield is sensitive to (1) emissions schedule, (2) token price, (3) competing pool weights. StableLens decomposes total APY into native vs. incentive components so allocators can model post-emission steady-state yield.
Related terms
- Native yieldYield that comes from underlying protocol revenue (interest, fees) rather than token emissions.
- EmissionsNewly-minted protocol tokens distributed as rewards — most often to LPs and borrowers as a form of customer acquisition.
- GaugeA Curve mechanism that directs CRV emissions to a chosen pool, with weights set by veCRV votes.