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Real Yield

Yield paid in revenue-bearing assets (ETH, USDC, fees) rather than newly minted protocol tokens. The non-inflationary part of the rate.

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APY

Annual Percentage Yield — the yearly return on a deposit assuming rewards are continuously reinvested. Always slightly higher than APR.
Yield Farming

Earning extra rewards on top of base interest by routing tokens through DeFi protocols that pay incentive tokens.

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