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Base APY

Base APY

Last updated 2026-08-24

Definition

Base APY is the portion of yield from the core market mechanism, such as lending interest or staking rewards, before token incentives.

Why it matters

Base yield is usually more durable than temporary reward programs.

How Yield.ly uses this term

Yield.ly surfaces base APY separately so reward-heavy listings are easier to spot.

Related terms

apy, reward apy

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