What is Real Yield and Why Does It Matter in DeFi?

Описание: Most DeFi APYs are backed by nothing. In this video, we break down the difference between real yield and emissions-based APY — and how to tell them apart before you put a single dollar anywhere.
What's covered:
— What real yield actually means (lending spreads, trading fees, options premiums)
— Why high APYs from token emissions always collapse
— Two questions to ask before depositing into any yield protocol
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