Comparing APY Across TON Protocols
How Tonbond aggregates real-time yields and what to watch out for.
Annual Percentage Yield (APY) is the most common metric to compare DeFi opportunities, but it’s only useful if you understand what’s behind it.
Where the yield comes from
Different protocols generate yield in very different ways:
- Liquid staking — protocols like Tonstakers stake your TON and pay out staking rewards.
- AMM liquidity — Ston.fi and DeDust pay swap fees to liquidity providers.
- Lending markets — interest paid by borrowers.
Why APYs change
APY is dynamic: it moves with utilization, fees, token emissions and market conditions. A pool showing 40% today can drop to 8% next week. Always check:
- The base vs boosted yield (with token emissions).
- The TVL behind the pool — very thin pools are volatile.
- Risks: smart contract, impermanent loss, depeg.
Tonbond pulls these numbers in real time so you can compare apples to apples.
Related posts
The yield table is live
Tonbond’s comparator is public. No live API yet. Here are the rules of the table.
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