YieldTruth · uniswap-v4 · Ethereum · as of 2026-09-29 06:26 UTC
▲ SHORT-VOL CARRY Grade C

Is the ETH-USDT yield on uniswap-v4 real?

You're being paid 4.11% to absorb price risk. Only ~4.11% of it is real fees — and they stop covering impermanent loss if ETH-USDT diverges more than ±79%.

REAL 100%

Real fee/staking yield: 4.11% · token emissions: 0% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±79% move in ETH-USDT erases a full year of the fees you actually keep (~4.11%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY
4.11%
Real yield (fees)
4.11%
TVL
$11M
Impermanent-loss risk
yes
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Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.

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