Read a Pool in 60 Seconds

Use this checklist to avoid getting hypnotized by the biggest APY.

1. Check Net APY

Net APY is the yield displayed after Monad APR consolidates known components:

• base yield;
• rewards or incentives;
• native yield from the underlying asset when the asset itself is yield-bearing.

A very high APY is not automatically bad, but it needs more context.

2. Check TVL

TVL shows the current depth of a pool. Very small pools can have:

• more entry or exit slippage;
• less stable APY;
• lower confidence;
• a high ranking that may not fit a larger position.

3. Read the Risk Score

The score is out of 10. Higher means the pool is considered safer by the Monad APR model.

Practical guide:

• 8-10: more conservative profile according to available data.
• 5-8: middle ground, read the breakdown.
• 0-5: higher risk or multiple weak signals.
• ?: not enough reliable data to show a score.

4. Open the Breakdown

The breakdown explains the score across 4 axes:

• Protocol;
• Asset;
• Yield;
• Liquidity.

This is the most important section when deciding whether the risk comes from the protocol, the tokens, the yield structure, or exit liquidity.

5. Check the Badges

Badges provide quick signals:

• single: single-asset exposure.
• multi: multi-asset exposure.
• IL risk: possible impermanent loss.
• outlier: APY marked as abnormal by the source.
• suspicious: data flagged by Monad APR as suspicious.