The app compares the top ETH/stablecoin concentrated-liquidity pools on supported chains using historical snapshots of global fee growth per liquidity, the Uni V3-style metric that determines how much fees an in-range position generated. Comparing this metric across pools lets us see how much fees the same amount of liquidity generated in each one, giving insight into which AMM and fee tier perform best.
Each network uses its primary configured dollar stablecoin: USDC on Ethereum, Base, Arbitrum, and Starknet, and USDG on Robinhood Chain.
Displayed APRs are calculated in two steps: first, fee growth is converted into the APR of a full-range position, since fee growth per liquidity maps directly to full-range fees. That APR is then multiplied by 11.48x to estimate a hypothetical ±20% position, assuming it stayed in range for the entire period.
Note: Sandwich swaps can briefly push prices to extremes and cause large changes in fee growth per liquidity, which can inflate APR and overstate the yield average liquidity providers might earn. To reduce this distortion, fee growth per liquidity is snapshotted hourly, and the implied hourly APR is capped at 3x the median APR of the other pools on the same chain for that hour when peers are available. The Ethereum Ekubo signed-exclusive pool is exempt because its controller-authorized swaps cannot be publicly sandwiched; its APR uses the uncapped change in contract fee growth across each 24-hour window.