Yield aggregators show you the APY and nothing else. Here every pool is net of estimated impermanent loss, an emission haircut and real risk: a 40% pool can be worth 12%.
| Pool | gross vs net |
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IL/yr in the table = σ²/8 estimate from the assumed volatility (0 for stable or single-asset pools). Open a pool for IL computed on the last 30 days of real prices. Data: DefiLlama, fetched on load.
Impermanent loss of a constant-product pool for a change in the price ratio of the two assets. With a concentrated range (CLMM) the loss is amplified by the concentration factor.
| Change | IL |
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