Base · quality

Aerodrome incentive efficiency

Where do AERO emissions actually buy sticky liquidity versus mercenary liquidity?

Is the depth real or rented?

Status

OK

Confidence

medium

As of

2026-10-06T16:41:52.390Z

Method

Method

Feed

aerodrome-incentive-efficiency.json

4.9842×

Median emissions per fee-yield

Below 1× 28.88% · 1× to 5× 21.29% · 5× or more 49.81%.

p25 0.8355× · p75 33.4169× · pools paying rewards with no fee yield 34.18%.

Method

Method URL /onchain/aerodrome-incentive-efficiency/#method

Sources

• DefiLlama yields (free)

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.

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