{
  "schema": "money2046.onchain.v1",
  "rule": "Each /onchain analysis publishes one ratio, risk, quality, or calendar reading for an agent about to move money or take a position. It does not publish a volume, TVL, market-cap, dominance, or top-N board. Missing or failed inputs fail closed to INSUFFICIENT_EVIDENCE. OK is a reading with sources, method, confidence, and limitations — not a VERIFIED_FRESH settlement.",
  "slug": "aerodrome-incentive-efficiency",
  "question": "Where do AERO emissions actually buy sticky liquidity versus mercenary liquidity?",
  "why_agent": "Is the depth real or rented?",
  "metric_kind": "quality",
  "value": {
    "medianEmissionPerFee": "4.9842",
    "p25EmissionPerFee": "0.8355",
    "p75EmissionPerFee": "33.4169",
    "noFeeShare": "0.3418",
    "feeBands": {
      "belowOne": "0.2888",
      "fromOneToFive": "0.2129",
      "atLeastFive": "0.4981"
    },
    "pools": [
      {
        "symbol": "AERO-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.5775"
      },
      {
        "symbol": "AERO-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.3123"
      },
      {
        "symbol": "AERO-WSTETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "33.4169"
      },
      {
        "symbol": "AFC-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "ALIGN-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.1696"
      },
      {
        "symbol": "AORA-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3.2765"
      },
      {
        "symbol": "AUDD-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "261124.5390"
      },
      {
        "symbol": "AVNT-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2582.1311"
      },
      {
        "symbol": "AVNT-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.2751"
      },
      {
        "symbol": "BIO-AUBRAI",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3.7987"
      },
      {
        "symbol": "BIO-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.9583"
      },
      {
        "symbol": "BIO-VITA",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "6.0625"
      },
      {
        "symbol": "BIO-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "39.3143"
      },
      {
        "symbol": "BITCOIN-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "32.2205"
      },
      {
        "symbol": "BNKR-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.5843"
      },
      {
        "symbol": "CADC-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.2174"
      },
      {
        "symbol": "CADD-FRXUSD",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "45.8698"
      },
      {
        "symbol": "CBADA-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.1609"
      },
      {
        "symbol": "CBBTC-CBDOGE",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "CBBTC-EDGE",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "6.6393"
      },
      {
        "symbol": "CBBTC-LBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "362.8785"
      },
      {
        "symbol": "CBBTC-ZEN",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.4521"
      },
      {
        "symbol": "CBETH-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.9103"
      },
      {
        "symbol": "CBETH-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.4321"
      },
      {
        "symbol": "CBLTC-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "11.3172"
      },
      {
        "symbol": "CBXRP-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.3529"
      },
      {
        "symbol": "CHIP-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.6976"
      },
      {
        "symbol": "CHZ-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "47.3844"
      },
      {
        "symbol": "CLANKER-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "38.0238"
      },
      {
        "symbol": "CTR-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2148.1569"
      },
      {
        "symbol": "DRB-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "10.2873"
      },
      {
        "symbol": "EIGEN-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "19.2206"
      },
      {
        "symbol": "EURC-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.6114"
      },
      {
        "symbol": "EURC-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.1461"
      },
      {
        "symbol": "EURC-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.9040"
      },
      {
        "symbol": "EURC-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "FLOCK-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "15.2051"
      },
      {
        "symbol": "FRXUSD-BRZ",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "143.6268"
      },
      {
        "symbol": "FUN-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "31.7807"
      },
      {
        "symbol": "FXUSD-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.1797"
      },
      {
        "symbol": "GITLAWB-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3.2337"
      },
      {
        "symbol": "GIZA-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "HYPE-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.8168"
      },
      {
        "symbol": "ICP-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "12.7522"
      },
      {
        "symbol": "IDRX-FRXUSD",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.1535"
      },
      {
        "symbol": "IDRX-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.6712"
      },
      {
        "symbol": "JEUR-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.4216"
      },
      {
        "symbol": "KRWQ-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.8835"
      },
      {
        "symbol": "LAPTOP-AAPLC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.1874"
      },
      {
        "symbol": "LCAP-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3.4682"
      },
      {
        "symbol": "LFI-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.2886"
      },
      {
        "symbol": "MAMO-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "14.5494"
      },
      {
        "symbol": "MAMO-EDGE",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "MAMO-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "12.3093"
      },
      {
        "symbol": "MEZO-MUSD",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.1837"
      },
      {
        "symbol": "MOCA-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "10.8026"
      },
      {
        "symbol": "MOVE-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "MSUSD-MSETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.6639"
      },
      {
        "symbol": "MSUSD-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.4331"
      },
      {
        "symbol": "MYRC-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "11.7835"
      },
      {
        "symbol": "O-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.6804"
      },
      {
        "symbol": "OFC-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "OUSDT-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.2721"
      },
      {
        "symbol": "OUSDT-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "46.4101"
      },
      {
        "symbol": "OUSDT-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "6.5219"
      },
      {
        "symbol": "PONKE-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "103.4466"
      },
      {
        "symbol": "PORTAL-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.9741"
      },
      {
        "symbol": "PORTAL-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "RAVE-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3.7237"
      },
      {
        "symbol": "RECALL-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3.1142"
      },
      {
        "symbol": "SEDA-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "182.3207"
      },
      {
        "symbol": "SOL-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "6.8285"
      },
      {
        "symbol": "SOL-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "20.7914"
      },
      {
        "symbol": "SOL-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.0205"
      },
      {
        "symbol": "SUMR-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "704.3825"
      },
      {
        "symbol": "SYND-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1048.7062"
      },
      {
        "symbol": "TBTC-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3.3858"
      },
      {
        "symbol": "TBTC-T",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "9.9127"
      },
      {
        "symbol": "TBTC-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.9830"
      },
      {
        "symbol": "TBTC-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "9.0095"
      },
      {
        "symbol": "TGBP-FRXUSD",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "371.0485"
      },
      {
        "symbol": "TGBP-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.9349"
      },
      {
        "symbol": "THQ-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3.6769"
      },
      {
        "symbol": "TIG-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "11.3557"
      },
      {
        "symbol": "TIG-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "TOWNS-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.0749"
      },
      {
        "symbol": "TRUST-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "UP-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.2657"
      },
      {
        "symbol": "UP-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "12.5112"
      },
      {
        "symbol": "USDAI-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "12.8105"
      },
      {
        "symbol": "USDC-AAA",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "706.4791"
      },
      {
        "symbol": "USDC-AAA",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "USDC-AAPLC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.2897"
      },
      {
        "symbol": "USDC-AERO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.9073"
      },
      {
        "symbol": "USDC-AERO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "USDC-AERO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.3760"
      },
      {
        "symbol": "USDC-ALUSDB",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.9981"
      },
      {
        "symbol": "USDC-AMZNC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.5682"
      },
      {
        "symbol": "USDC-AVAIL",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "83.6339"
      },
      {
        "symbol": "USDC-AXLUSDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.4110"
      },
      {
        "symbol": "USDC-BLUECHIP",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.3827"
      },
      {
        "symbol": "USDC-CARV",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "35.2529"
      },
      {
        "symbol": "USDC-CARV",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3.0103"
      },
      {
        "symbol": "USDC-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0495"
      },
      {
        "symbol": "USDC-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.2234"
      },
      {
        "symbol": "USDC-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.9822"
      },
      {
        "symbol": "USDC-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.8355"
      },
      {
        "symbol": "USDC-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "191.0539"
      },
      {
        "symbol": "USDC-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "USDC-CBHYPE",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0643"
      },
      {
        "symbol": "USDC-CBMEGA",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.6467"
      },
      {
        "symbol": "USDC-CBZEC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0987"
      },
      {
        "symbol": "USDC-CHAMP",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "6631.0161"
      },
      {
        "symbol": "USDC-CHECK",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "232.5996"
      },
      {
        "symbol": "USDC-CHECK",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.4144"
      },
      {
        "symbol": "USDC-CTX",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "211.5807"
      },
      {
        "symbol": "USDC-DIEM",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "28.9349"
      },
      {
        "symbol": "USDC-EDEL",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.1053"
      },
      {
        "symbol": "USDC-EUSD",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.3288"
      },
      {
        "symbol": "USDC-FOLKS",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "8.5937"
      },
      {
        "symbol": "USDC-FRXUSD",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.0839"
      },
      {
        "symbol": "USDC-GHST",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "84.6373"
      },
      {
        "symbol": "USDC-GOOGLC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "6.2864"
      },
      {
        "symbol": "USDC-HTEA",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.4402"
      },
      {
        "symbol": "USDC-LAPTOP",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.8805"
      },
      {
        "symbol": "USDC-LMTS",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "337.4538"
      },
      {
        "symbol": "USDC-LMTS",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "USDC-MAG7",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "112.3336"
      },
      {
        "symbol": "USDC-METAC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "12.8894"
      },
      {
        "symbol": "USDC-MSFTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "10.2182"
      },
      {
        "symbol": "USDC-MSTRC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "15.2118"
      },
      {
        "symbol": "USDC-MUC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.1066"
      },
      {
        "symbol": "USDC-MUSD",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.4233"
      },
      {
        "symbol": "USDC-MXNB",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.8815"
      },
      {
        "symbol": "USDC-NVDAC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "8.8434"
      },
      {
        "symbol": "USDC-ODOS",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3515.2350"
      },
      {
        "symbol": "USDC-OPG",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.5601"
      },
      {
        "symbol": "USDC-PAXG",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "911.8220"
      },
      {
        "symbol": "USDC-PLTRC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "22.0606"
      },
      {
        "symbol": "USDC-POD",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.9379"
      },
      {
        "symbol": "USDC-PROS",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "22145.8483"
      },
      {
        "symbol": "USDC-PSG",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "7.4483"
      },
      {
        "symbol": "USDC-RIZE",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "16.8764"
      },
      {
        "symbol": "USDC-SAPIEN",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "57.3944"
      },
      {
        "symbol": "USDC-SNDKC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "18.2762"
      },
      {
        "symbol": "USDC-SPCXC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "14.6931"
      },
      {
        "symbol": "USDC-TAO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.4876"
      },
      {
        "symbol": "USDC-TITN",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5311.7528"
      },
      {
        "symbol": "USDC-TITN",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "USDC-TOWER",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "177.8609"
      },
      {
        "symbol": "USDC-TSLAC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.7330"
      },
      {
        "symbol": "USDC-USD+",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "14.1262"
      },
      {
        "symbol": "USDC-USDBC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.2148"
      },
      {
        "symbol": "USDC-USDBC",
        "project": "aerodrome-v1",
        "emissionPerFee": "492.5190"
      },
      {
        "symbol": "USDC-USDT",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0523"
      },
      {
        "symbol": "USDC-VELVET",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "10226.8983"
      },
      {
        "symbol": "USDC-VNXAU",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "USDC-VVV",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.8877"
      },
      {
        "symbol": "USDC-WARD",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3209.6340"
      },
      {
        "symbol": "USDC-WTSKHY",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.5675"
      },
      {
        "symbol": "USDC-ZARP",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0249"
      },
      {
        "symbol": "USDZ-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "73.6314"
      },
      {
        "symbol": "USOL-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.2714"
      },
      {
        "symbol": "UXRP-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "33.4888"
      },
      {
        "symbol": "VCHF-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.8885"
      },
      {
        "symbol": "VFY-ZEN",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "22.6699"
      },
      {
        "symbol": "VIRTUAL-MAMO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "107.8286"
      },
      {
        "symbol": "VIRTUAL-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "7.0259"
      },
      {
        "symbol": "VIRTUAL-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3.1921"
      },
      {
        "symbol": "VIRTUAL-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.3801"
      },
      {
        "symbol": "VVV-DIEM",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.2078"
      },
      {
        "symbol": "WBLT-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "27708.9689"
      },
      {
        "symbol": "WEETH-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "6.6463"
      },
      {
        "symbol": "WETH-AAVE",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.5021"
      },
      {
        "symbol": "WETH-AERO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.5149"
      },
      {
        "symbol": "WETH-AERO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-AERO",
        "project": "aerodrome-v1",
        "emissionPerFee": "101.1053"
      },
      {
        "symbol": "WETH-AIXBT",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "480.6979"
      },
      {
        "symbol": "WETH-APU",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "91.2804"
      },
      {
        "symbol": "WETH-B3",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "47.6726"
      },
      {
        "symbol": "WETH-BASECAT",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.4460"
      },
      {
        "symbol": "WETH-BID",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "24.8128"
      },
      {
        "symbol": "WETH-BRETT",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "42.6496"
      },
      {
        "symbol": "WETH-BSDETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.5298"
      },
      {
        "symbol": "WETH-CBADA",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.7175"
      },
      {
        "symbol": "WETH-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "6.0267"
      },
      {
        "symbol": "WETH-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.4782"
      },
      {
        "symbol": "WETH-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "33.5054"
      },
      {
        "symbol": "WETH-CBBTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-CBDOGE",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.9842"
      },
      {
        "symbol": "WETH-CBLTC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.7664"
      },
      {
        "symbol": "WETH-CBXRP",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.5983"
      },
      {
        "symbol": "WETH-CBXRP",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-COOKIE",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "6.2331"
      },
      {
        "symbol": "WETH-COOKIE",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-DEGEN",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "68.5264"
      },
      {
        "symbol": "WETH-DOG",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2385.6355"
      },
      {
        "symbol": "WETH-DOGINME",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "6.5023"
      },
      {
        "symbol": "WETH-DRV",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.4665"
      },
      {
        "symbol": "WETH-DRV",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-ENA",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.9207"
      },
      {
        "symbol": "WETH-ETHFI",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.0703"
      },
      {
        "symbol": "WETH-EURC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.4389"
      },
      {
        "symbol": "WETH-EURC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-FAI",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "10.9851"
      },
      {
        "symbol": "WETH-GOOGLC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.0666"
      },
      {
        "symbol": "WETH-KAITO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "482.7874"
      },
      {
        "symbol": "WETH-KEYCAT",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "28.2267"
      },
      {
        "symbol": "WETH-KTA",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "25.1461"
      },
      {
        "symbol": "WETH-LCAP",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "3.0934"
      },
      {
        "symbol": "WETH-LINK",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.3762"
      },
      {
        "symbol": "WETH-LINKS",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "32854.3671"
      },
      {
        "symbol": "WETH-LITKEY",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "42.7326"
      },
      {
        "symbol": "WETH-LUNA",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "444.1689"
      },
      {
        "symbol": "WETH-MAMO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "40.3698"
      },
      {
        "symbol": "WETH-MOOBIFI",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "549.7758"
      },
      {
        "symbol": "WETH-MORPHO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.1244"
      },
      {
        "symbol": "WETH-MORPHO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.9259"
      },
      {
        "symbol": "WETH-MSETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.6010"
      },
      {
        "symbol": "WETH-NVDAC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.3821"
      },
      {
        "symbol": "WETH-ORDER",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1087.2840"
      },
      {
        "symbol": "WETH-PENDLE",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "56.7103"
      },
      {
        "symbol": "WETH-POKT",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "9.5697"
      },
      {
        "symbol": "WETH-RED",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.0506"
      },
      {
        "symbol": "WETH-REI",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-REI",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.2466"
      },
      {
        "symbol": "WETH-REPPO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.8475"
      },
      {
        "symbol": "WETH-RSC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "32.4497"
      },
      {
        "symbol": "WETH-RSC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "117.2229"
      },
      {
        "symbol": "WETH-SERV",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "14.9509"
      },
      {
        "symbol": "WETH-SERV",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-SIGN",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "126.2367"
      },
      {
        "symbol": "WETH-SPX",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "40.7598"
      },
      {
        "symbol": "WETH-SUPEROETHB",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "446.8579"
      },
      {
        "symbol": "WETH-SYRUP",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.6201"
      },
      {
        "symbol": "WETH-TALENT",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "716.6334"
      },
      {
        "symbol": "WETH-TIBBIR",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.0011"
      },
      {
        "symbol": "WETH-TIBBIR",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-TOSHI",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "16.9991"
      },
      {
        "symbol": "WETH-UNEAR",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.2082"
      },
      {
        "symbol": "WETH-USD+",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "173.1313"
      },
      {
        "symbol": "WETH-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "2.6127"
      },
      {
        "symbol": "WETH-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "4.4562"
      },
      {
        "symbol": "WETH-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "290.0689"
      },
      {
        "symbol": "WETH-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.5010"
      },
      {
        "symbol": "WETH-USDC",
        "project": "aerodrome-v1",
        "emissionPerFee": "20.3698"
      },
      {
        "symbol": "WETH-USDC",
        "project": "aerodrome-v1",
        "emissionPerFee": "5.1847"
      },
      {
        "symbol": "WETH-USDS",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "12.8007"
      },
      {
        "symbol": "WETH-USDT",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.6427"
      },
      {
        "symbol": "WETH-USOL",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.8821"
      },
      {
        "symbol": "WETH-USUI",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "62.4305"
      },
      {
        "symbol": "WETH-UZEC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "7.1567"
      },
      {
        "symbol": "WETH-VELVET",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.7758"
      },
      {
        "symbol": "WETH-VVV",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WETH-VVV",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.1455"
      },
      {
        "symbol": "WETH-VVV",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.8653"
      },
      {
        "symbol": "WETH-W",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "6.5111"
      },
      {
        "symbol": "WETH-WCT",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "136.2416"
      },
      {
        "symbol": "WETH-WOO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "13.6247"
      },
      {
        "symbol": "WETH-WSTETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.6744"
      },
      {
        "symbol": "WETH-YGG",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1476790.3809"
      },
      {
        "symbol": "WETH-ZEN",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "5.0040"
      },
      {
        "symbol": "WETH-ZRO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.2392"
      },
      {
        "symbol": "WETH-ZRO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "WFRAX-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "43.8117"
      },
      {
        "symbol": "WTCOIN-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.6868"
      },
      {
        "symbol": "WTSGOV-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "79.7524"
      },
      {
        "symbol": "WTSPYM-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0811"
      },
      {
        "symbol": "XDP-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "1.1696"
      },
      {
        "symbol": "XSGD-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "35.5637"
      },
      {
        "symbol": "XSGD-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "51.7768"
      },
      {
        "symbol": "ZARP-FRXUSD",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "124.1810"
      },
      {
        "symbol": "ZORA-MAMO",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "0.0000"
      },
      {
        "symbol": "ZORA-USDC",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "28.8897"
      },
      {
        "symbol": "ZORA-WETH",
        "project": "aerodrome-slipstream",
        "emissionPerFee": "11.0269"
      }
    ],
    "history": [
      {
        "at": "2025-11-01T00:00:00.000Z",
        "medianEmissionPerFee": "3.5782"
      },
      {
        "at": "2025-12-01T00:00:00.000Z",
        "medianEmissionPerFee": "4.6065"
      },
      {
        "at": "2026-01-01T00:00:00.000Z",
        "medianEmissionPerFee": "4.4741"
      },
      {
        "at": "2026-02-01T00:00:00.000Z",
        "medianEmissionPerFee": "7.2903"
      },
      {
        "at": "2026-03-01T00:00:00.000Z",
        "medianEmissionPerFee": "6.9659"
      },
      {
        "at": "2026-04-01T00:00:00.000Z",
        "medianEmissionPerFee": "5.7695"
      },
      {
        "at": "2026-05-01T00:00:00.000Z",
        "medianEmissionPerFee": "5.9998"
      },
      {
        "at": "2026-06-01T00:00:00.000Z",
        "medianEmissionPerFee": "6.8421"
      },
      {
        "at": "2026-07-01T00:00:00.000Z",
        "medianEmissionPerFee": "4.5816"
      },
      {
        "at": "2026-08-01T00:00:00.000Z",
        "medianEmissionPerFee": "3.7331"
      },
      {
        "at": "2026-09-01T00:00:00.000Z",
        "medianEmissionPerFee": "3.8693"
      },
      {
        "at": "2026-10-01T00:00:00.000Z",
        "medianEmissionPerFee": "3.1346"
      }
    ]
  },
  "unit": "emission_per_fee",
  "as_of": "2026-10-06T16:41:52.390Z",
  "sources": [
    {
      "name": "DefiLlama yields (free)",
      "url": "https://yields.llama.fi/pools"
    }
  ],
  "method_url": "/onchain/aerodrome-incentive-efficiency/#method",
  "confidence": "medium",
  "limitations": [
    "Emissions per fee-yield is apyReward / apyBase. Pool size cancels, so it is not published and not used to order pools.",
    "Vote-bribe versus organic is unmeasured. The free yields feed has no bribe leg. That hole is not a zero.",
    "Fee and reward yields are the upstream feed's estimates, not a reconstruction of Swap events.",
    "Pools are listed alphabetically by symbol. The median is the headline, not a board.",
    "feeBands split pools that have a fee yield at 1× and 5×. Each band is a share of those pools, not a size ordering.",
    "A monthly point is the median emissions-per-fee across pools that month. Each pool contributes its own daily median, once. A month with fewer than eight pools is omitted. Pool size is not a weight."
  ],
  "status": "OK"
}