Non-Emissions Yield

Definition ∞ Non-emissions yield refers to the financial returns generated from a decentralized finance (DeFi) protocol or digital asset investment that do not originate from newly minted tokens or inflationary rewards. Instead, this yield is derived from actual protocol revenue, such as transaction fees, lending interest, or trading fees. It represents a more sustainable and organic form of yield, as it is not dependent on the continuous issuance of new tokens that can dilute value. This type of yield is often considered more robust.
Context ∞ Discussions around non-emissions yield are becoming increasingly prominent in crypto news, particularly as the DeFi sector matures and investors seek more sustainable returns. News articles often highlight protocols that prioritize generating yield from real economic activity rather than token emissions. This focus reflects a growing market preference for long-term value creation and a reduced reliance on inflationary tokenomics, offering a key indicator of a protocol’s fundamental strength.