| description | Projected vs Realized APY |
|---|
- Two views: Projected vs Realized APY
- Projected yield: Current route APY from live integrations. Volatile as allocations shift across chains. Excludes fees, gas, slippage, and other ops costs. Purpose: forward signal.
- Realized yield: Net, verifiable result from share-price growth. Includes all fees, gas, slippage, and execution effects. Typically oscillates around projected since rewards accrue nonlinearly.
- Measurement
- Realized is computed from share price change over time, not estimates.
- Projected reflects the instantaneous APR of the active route.
- Fees
- Management fee and performance fee are already included in the displayed Realized APR.
- Projected excludes fees by design.