DeFi

Real yield

Yield supported by economic activity rather than only token emissions.

What it means

Real yield usually refers to rewards backed by fees, revenue, or cash flows, though the phrase is used loosely.

Why it matters

Projects can market inflationary rewards as yield even when holders are being diluted.

Same category

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DeFi

Liquidity pool

A smart contract holding assets used for decentralized trading.

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Impermanent loss

The relative loss liquidity providers can face when paired assets move.

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DeFi

Total value locked (TVL)

The value of assets deposited in a protocol.

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