What changed

At 2026-09-23 17:14 JST, the Portals direct superNVDA page showed 7.90% APY, $398,389.56 TVL, $1,073.06 of one-day deposits and $8,155.56 of one-day withdrawals. Versus the immediately preceding 16:05 JST Portals observation of 18.83% APY and roughly $414.99K TVL, Portals' displayed APY is lower by 10.93 percentage points and TVL by about $16.6K, or roughly 4.0%. In the same observation window, DefiLlama's direct page showed 17.75% APY, 0.00% base APY, 17.75% USDC+sUP reward APY and $413,547 TVL, leaving a 9.85 percentage-point APY gap between providers.

Why it matters

superNVDA's displayed yield is reward-driven rather than base strategy yield, so differences in reward aggregation, eligibility treatment and refresh timing can materially change the headline APY. TVL remains broadly near the $400K scale on both providers, but the current APY readings differ by roughly 2.25x, making a single data surface insufficient as a proxy for realized yield.

Evidence

Limitations

Portals and DefiLlama are not synchronized snapshots and may differ in reward-token valuation, reward windows, eligible balances, annualization and refresh timing. The current divergence does not by itself establish that the USDC reward ended, that eligibility changed, or that realized holder yield fell by the same amount. Portals' one-day flow is a rolling 24-hour measure rather than net flow since the preceding hourly observation. TVL also moves with the price of NVDAc, not only deposits and withdrawals. Other limitations include Superform smart-contract and strategy risk, NVDAc issuer, custody, redemption and eligibility constraints, and the timing mismatch between 24/5 underlying equity markets and 24/7 Base markets.

Disclosure

This is a public-market observation and does not constitute investment advice.