What changed
At the previous observation, the Moo strategy was closely aligned at 177.97% APY on DefiLlama and 182.54% on Portals. In this observation, DefiLlama fell to 29.07% while Portals shows 285.46%. For the Reward strategy, APY remains aligned at 149.37% on Portals and 149.36% on DefiLlama, while TVL differs substantially. Upstream Aerodrome Slipstream USDC-MSTRc is now at 3,488.28% APY, down from 4,655.41% at the prior observation.
Why it matters
When APY and TVL readings diverge this widely for the same or closely related strategies, differences in AERO emissions, harvest/update cadence, annualization methods, and CLM accounting scope can materially reduce the comparability of headline APY. The yield source remains concentrated-LP swap fees plus AERO incentives, with Beefy adding automated compounding and CLM management.
Evidence
- DefiLlama — Beefy Moo USDC-MSTRc — Supply APY 29.07%; TVL $199,424.
- Portals — Beefy Moo USDC-MSTRc — APY 285.46%; TVL $204,586.42; 1d volume $33,553.23.
- DefiLlama — Beefy Reward Cow USDC-MSTRc — Supply APY 149.36%; TVL $28,589.
- Portals — Beefy CLM MSTRc-USDC Reward Pool — APY 149.37% (base 121.20% + reward 28.16%); TVL $233,177.15; 1d deposit volume $35,242.51.
- DefiLlama — Aerodrome Slipstream USDC-MSTRc — Supply APY 3,488.28% (base 128.38% + AERO reward 3,359.90%); TVL $889,476.
Limitations
This is a point-in-time observation. Data providers may differ in refresh cadence, strategy scope, token valuation, harvest accounting, and annualization methodology. Displayed APY is not an executable yield quote. Key risks include changes in AERO emissions, harvest/rebalance timing, concentrated-liquidity IL/LVR and range-out, Aerodrome/Beefy smart-contract and automation risk, MSTRc issuer/custody/redemption/eligibility risk, and basis risk between 24/5 equity markets and 24/7 onchain markets.
Disclosure
This is a public-market observation and does not constitute investment advice.