DeFi & Yield

Real Yield vs Token Emissions: Evaluating Sustainable DeFi Returns

An in-depth learning guide for US DeFi practitioners exploring whether sustainable returns come from genuine staking yields and protocol revenues (real yield) or from token emission incentives (inflationary returns). We dissect theory, compare viewpoints, and provide a practical step-by-step tutorial grounded in audited docs, risk frameworks, and real-world restaking mechanics.