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DeFi Yield vs Staking vs CeFi

APY × risk-adjusted across all flavors

Compare 4 strategies (USD allocation):

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Learn more — how it works, FAQ & guide
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DeFi Yield vs Staking vs CeFi Comparison

Compare risk-adjusted APY across all yield strategies: lending, LP, staking, CeFi rewards. Headline yields ignore smart-contract + impermanent-loss + counterparty risks. Real return is what matters.

How to use this tool

  1. 1

    Pick yield strategy

    Lending, LP, staking, CeFi.

  2. 2

    Risk-adjustment

    Smart contract + IL + slashing + counterparty.

  3. 3

    See real return

    Risk-adjusted APY across options.

Frequently Asked Questions

Why is "real APY" lower?
Headline APY ignores: smart-contract risk (Curve hack 2023, $73M), impermanent loss (LP), slashing (PoS), counterparty (FTX collapse). Real risk-adjusted is often 30-50% of headline.
Lending vs LP vs Staking?
Lending (Aave): predictable, no IL, smart-contract risk only. LP (Curve): higher yield, IL risk, fee earnings. Staking (ETH, SOL): native protocol, slashing risk small, longer lockup.
Smart contract risk levels?
Multi-billion TVL + 2+ years + audited (Aave, Compound): low ~3% annual. Mid-protocol: medium 7-10%. New unaudited: high 20%+. History matters more than audits alone.

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