Yield sources

6 articles on yield sources.

Where onchain yield actually comes from The five generators of onchain yield, what each depends on, what regime kills it, and a method for decomposing a reported APY into its components. How does DeFi lending work? DeFi lending explained: how supply and borrow work, why loans are overcollateralized, how rates are set by utilization, and what a lender is really exposed to. What are yield-bearing stablecoins? A yield-bearing stablecoin pays its holder a return. How that differs from a plain stablecoin, where the return comes from, and why issuers cannot pay interest. What is a tokenized money market fund? A tokenized money market fund is a regulated money fund whose shares are held as tokens. What the fund owns, how NAV and daily accrual work, and how it compares. What is an interest rate model? An interest rate model sets a lending market's rates from utilization. Why the curve kinks, and why a high rate and a hard exit tend to arrive together. What is real yield? Real yield is return a counterparty actually paid out of economic activity. How it differs from token emissions, and how to tell the two apart in public data.