Stats
Rate Definitions
Topaz publishes several different rates, and they are not interchangeable. Each one measures a different cash flow, paid in a different asset, to a different participant. This page is the canonical definition for every rate the protocol surfaces.
Liquidity provider rates
Fee APR
What an unstakedliquidity position earns from trading fees. Once a position is staked in a gauge, its fees are routed to voters and this rate no longer describes the LP's return.
(trailing_24h_fees_usd × 365) / tvl_usd × 100- Measures
- Trading fees accrued by the pool, relative to the pool's total value locked.
- Paid in
- The pool's own two tokens.
- Period
- A trailing 24 hours: the current UTC day so far, plus the unelapsed share of the previous day.
- Annualization
- Simple — the daily figure multiplied by 365. No compounding.
- Includes trading fees
- Yes — this rate is entirely trading fees.
- Appears on
- /stats, /stats/pools, and the pools JSON API.
fees24hUsd field in the API is still the raw UTC-day figure, so it will not reproduce this APR exactly.Emission APR
What a stakedposition earns in TOPAZ emissions. This is the rate that matters to an LP who has staked in a gauge, and it is the number reported as a gauge's total APR.
(reward_rate_topaz × 31,536,000 × topaz_price_usd) / staked_tvl_usd × 100- Measures
- The gauge's TOPAZ emission stream, relative to the liquidity staked in it.
- Paid in
- TOPAZ.
- Period
- The gauge's instantaneous reward rate at snapshot time, which changes each epoch as votes move.
- Annualization
- Simple — the per-second rate extended over a year. No compounding, and it assumes the current vote weight holds.
- Includes trading fees
- No. Staked positions do not receive trading fees; those go to voters.
- Appears on
- /stats, /stats/pools, and the pools JSON API.
Emission APR on concentrated pools
Concentrated liquidity needs a different denominator. Only liquidity in range at the current tick earns emissions, so dividing by the pool's total value locked would understate the rate for an in-range position and overstate it for one sitting outside the market.
For Slipstream pools, Topaz divides by stakedLiquidity() read at the active tick, and quotes the rate for a $100 reference position at a preset range width — 0.05% for one-tick pools, 0.1% for stable pairs, 3% for volatile pairs. The figure accounts for the dilution that position itself causes on deposit, and is capped at 10,000% to keep a nearly empty gauge from reporting a meaningless number.
Voter rates
Voter APR
What veTOPAZ earns for voting on a gauge — the trading fees that gauge produced plus any incentives deposited on it, measured against the value of the votes competing for them. Elsewhere in ve(3,3) this is often written vAPR.
((weekly_fees_usd + weekly_incentives_usd) / voted_value_usd) × 52 × 100- Measures
- Fees and incentives attached to a gauge for the epoch, relative to the TOPAZ-denominated value of the votes cast on it.
- Paid in
- Whatever tokens the pool traded in, plus whatever tokens were deposited as incentives.
- Period
- One completed epoch — the most recent week.
- Annualization
- Simple — one epoch multiplied by 52. It assumes fees, incentives, and vote weight all repeat, none of which is guaranteed.
- Includes trading fees
- Yes — fees and incentives are combined into one rate.
- Appears on
- Gauge records in the stats API.
APR and APY
Every rate Topaz publishes is an APR: a simple annualization of an observed period, with no compounding assumed. If a surface reports an APY, it is asserting that rewards are harvested and redeposited on some schedule, and the two figures are not comparable.
Topaz core contracts do not auto-compound. Rewards accrue until they are claimed, so an APR describes what accrues and an APY would describe a strategy layered on top of it.
Rates published by other Topaz products
Relays, Topaz Flow, and Topaz Vaults are separate products with their own reward mechanics, and they publish their own rates — Relay APR, Growth APR, USDT Payout APR, and vault-level net APR or APY. Those figures are defined on the surfaces that publish them and are not derived from the snapshot data behind this site.
Continue reading
Stats Methodology →
Data sources, snapshot cadence, epoch timing, and the known limitations behind every published figure.
Pool Fees →
Default fees, custom per-pool overrides, dynamic fees, and where fees flow on the ve(3,3) wheel.
Staking in Gauges →
How staking swaps trading fees for emissions, and what that means for your position.
Data API →
Every rate on this page, available as JSON with the field names and period semantics documented.