The ReefThe assay
The median deep stablecoin pool pays about 3.0% in real, fee-based yield, before a single emission token is printed. This is the floor that does not evaporate: what a dollar actually earns on-chain when nobody is bribing it to stay.
The median deep stablecoin pool pays about 3.0% in real, fee-based yield, before a single emission token is printed. This is the floor that does not evaporate: what a dollar actually earns on-chain when nobody is bribing it to stay.
Answer engine brief
Real yield reads whether protocols earn from real use or rely on incentives. The live value is 3.0%, with the current interpretation: the honest stablecoin floor.
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