Moving capital between protocols to earn incentives — trading fees, emissions or staking rewards — on deposited assets.
Last verified 13 September 2026 · written by the DexLadder team
What it means
Moving capital between protocols to earn incentives — trading fees, emissions or staking rewards — on deposited assets.
Why it matters when you trade
Most advertised yield is paid in a protocol's own token, which means the headline rate and the realised return differ by whatever that token does while you hold it. Behind every sustainable yield is someone paying for something real; behind most spectacular ones is emission. The durable questions are what generates the yield, what it is paid in, and what happens to it when incentives stop.
Worked example
A 200% APR paid in a token that falls 80% over the period is a large loss wearing a large number.
See it on live markets
DexLadder runs yield farming against live market and pool data, with simulated capital, so you can watch it act on an order instead of reading about it — no account, no wallet, nothing installed.