YieldTruth · aerodrome-slipstream · Base · as of 2026-09-02 05:18 UTC

▲ SHORT-VOL CARRY Grade C

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

You're being paid 35.5% to absorb price risk. Only ~16.1% of it is real fees (the other ~54% is decaying emissions) — and they stop covering impermanent loss if MSUSD-MSETH diverges more than the pair moves.

REAL 46%

EMISSIONS 54%

Real fee/staking yield: 16.1% · token emissions: 54% of the headline.

👜 Would you be better off just holding?

The real fees here (~16.1%) 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

35.5%

Real yield (fees)

16.1%

TVL

$3.3M

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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