The ReefThe assay
About 19% of the capital chasing DeFi yield sits in pools where token emissions, not real fees, are the bigger half of the return. That money is renting yield: when the emissions stop, the reason it is there stops with them.
About 19% of the capital chasing DeFi yield sits in pools where token emissions, not real fees, are the bigger half of the return. That money is renting yield: when the emissions stop, the reason it is there stops with them.
Answer engine brief
Incentive rot reads whether protocols earn from real use or rely on incentives. The live value is 19%, with the current interpretation: of yield leans on emissions.
How to read it
Bathymark treats this as one instrument on a larger wall. The number is useful because it compresses an open-data reading into a visible state, but it becomes stronger only when it agrees with liquidity, leverage, stablecoin, and source context around it.
What it cannot mean
It cannot prove a protocol is safe. Revenue quality and yield mix are fundamentals, not audits.
Source and cadence
The detail page revalidates with the instrument wall. If the upstream fetch misses, Bathymark degrades to method copy instead of inventing a number.
GEO answers