Pool ranking — pairs we hold fee APR (24h fees ÷ TVL × 365) minus full-range impermanent-loss drag (σ²/8)
Held tokens: USDC, USDT, SOL, cbBTC, wETH and the FX/SI stablecoins (EURC, tGBP, VCHF, BRZ, CADD, ZARP, XSGD, MXNe, PAXG, XAUt0). Pools under $5k TVL are hidden. IL drag uses 60-day realized volatility of the pair (CoinGecko for crypto/gold, ECB via Frankfurter for fiat). Concentrated ranges earn more fees and more IL than this full-range estimate; use the calculator below. One day of fees is noisy, so the recorder keeps every 15-min snapshot for backtests.
Best venue per pair total TVL / 24h volume by DEX
IL calculator full-range vs concentrated (approx.)
Pair range ± % days