Native yield
organic yield
Yield that comes from underlying protocol revenue (interest, fees) rather than token emissions.
Native yield is sustainable in steady state; emissions yield is a customer-acquisition subsidy that decays. StableLens reports the native vs. emissions split per pool so allocators can model the rate they'll likely earn after incentive programmes end.
Related terms
- Incentive yieldYield paid in tokens emitted by a protocol or partner, on top of the underlying native rate.
- Real yieldYield denominated in a major asset (USD, ETH, BTC) sourced from protocol fees rather than token inflation.
- APY (annual percentage yield)An annualised yield that accounts for compounding — the standard quote for variable-rate lending.