What's actually worth farming

Every farm across … pools, split into the two things that get conflated: single-sided deposits — lending vaults, staked stables, LSTs, no impermanent loss — and dual-sided LP positions, which have it. The one question a headline APY can't answer is how much of it is real, so that is the column this page is built around. Dual-sided carries roughly twice the emission dependence of single-sided (22% versus 11% of pools).

Filters

What the filter found

Emission-heavy pools are a minority — on a recent snapshot about 16% of liquid pools got more than half their yield from incentives, and most carry none at all. But when a pool is one, almost none of its yield is earned: that group averaged 7.8% advertised against 0.9% actually earned. You cannot tell which from the headline number, which is why the split is its own column and why this page sorts by earned yield by default. Emissions are not worthless — they dilute as liquidity arrives, they end when a vote says so, and they pay you in a token whose price you then carry.

… pools match

# Pool APY Earned Emissions Real vs incentive Conf. V/R TVL Flags

Conf. is how much the figure can be trusted, not how good the pool is — scored on days of history, the volatility of the APY itself, how far today sits from the pool's own 30-day mean, and how much is emissions. A trustworthy 4% scores higher than a suspect 400%, which is the point. Hover it for the weakest signal. V/R is daily volume over reserves, the metric the OTS notes call the most important one for picking a pool; 0.25 is the benchmark and anything over about 5 is usually looped volume rather than a genuinely busy pool. It is blank for single-sided pools, which have no swaps.

Reading this page

  • Single-sided has no impermanent loss, so the yield is the return. The risks are elsewhere: protocol and smart-contract risk, a stablecoin losing its peg, and withdrawal cooldowns — several vaults lock you in for days.
  • Dual-sided earns swap fees but carries impermanent loss, which the headline APY here does not deduct. Paste one into the analyser to see fees against divergence on that pool's real price history.
  • Emissions are a real return today and a dilution problem tomorrow. A pool that is 90% emissions is a bet on the reward token and the campaign lasting.

Analyse a specific pool →

Yield data from DefiLlama. APYs are their calculation, not this app's — the analyser computes its own from pool reserves and volume, and the two are cross-checked there. Not financial advice.