YieldTruth · aerodrome-slipstream · Base · as of 2026-07-19 04:17 UTC

▲ SHORT-VOL CARRY Grade C

Is the MSUSD-MSETH yield on aerodrome-slipstream real?

You're being paid 10.1% to absorb price risk. Only ~3.68% of it is real fees (the other ~64% is decaying emissions) — and they stop covering impermanent loss if MSUSD-MSETH diverges more than the pair moves.

REAL 36%

EMISSIONS 64%

Real fee/staking yield: 3.68% · token emissions: 64% of the headline.

👜 Would you be better off just holding?

The real fees here (~3.68%) can beat holding if MSUSD-MSETH stays calm, but a sharp divergence flips that. It's a genuine short-volatility bet, not free income.

Headline APY

10.1%

Real yield (fees)

3.68%

TVL

$1.4M

Impermanent-loss risk

yes

▶ Open the live interactive verdict

Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.

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