Seeing a 10% APY doesn't necessarily mean you are actually earning 10%.
The headline yield and the return you ultimately keep are not always the same thing.
Fees, token prices, inflation, depeg risk and platform risk can all change the final result.
For example, if part of a high APY is paid in a platform token, a decline in that reward token can reduce the effective return.
A better framework is:
Nominal APY
– fees
– realized losses
– asset/depeg risk
= a more realistic return.
With the stablecoin market now worth roughly $290 billion, yield opportunities are naturally attracting more attention.
But a larger market also means more choices — and therefore more research.
So instead of asking:
“What's the APY?”
ask:
“Where does this APY come from, and what risk am I taking to earn it?”
💬 Which cost or risk do you think investors overlook most when calculating APY?
Risk Note: Yields can change, and past performance does not guarantee future results.
This content is not investment advice. Always perform your own research before making financial decisions.
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