Real APY
What DeFi pools actually pay after emissions stripped, IL risk priced, oracle/exploit risk flagged. Updated daily.
no marketing APR no token emissions counted risk-adjusted
Today's picks
Live daily picks load here from the FalsifyLab aggregator. Index pages by protocol/pool live at /apy/<slug>.
What gets stripped
- Native token emissions — most "200% APY" pools pay 5% real after token sell pressure
- IL exposure — concentrated LPs in volatile pairs lose to fees
- Oracle / governance risk — pools that depend on multisig or external price feeds
- TVL ceiling — pools too small to absorb size without slippage
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