Frequently Asked Questions
Find answers to common questions about yield farming and how YieldMax can help you
What is YieldMax?
YieldMax is a platform that helps you compare and analyze different yield opportunities in the DeFi ecosystem. We aggregate data from various protocols to provide you with transparent information to make informed decisions.
How is APY calculated?
Annual Percentage Yield (APY) is the effective annual rate of return taking into account the effect of compounding interest. Each protocol may have slightly different methods of calculating APY based on their specific mechanisms and reward structures.
What are the risks involved?
DeFi protocols come with various risks including smart contract risk, market risk, liquidation risk, and more. Each protocol on YieldMax includes a risk assessment to help you understand the potential risks involved.
How often is the data updated?
We strive to keep our data as up-to-date as possible. Protocol information, APY rates, and risk assessments are updated regularly to reflect the current state of the markets.
How does the Yield Simulator work?
The Yield Simulator uses the current APY of a selected protocol and calculates potential returns over a specified time period based on your initial investment amount. It provides estimates for daily, monthly, and total yields.