Analytics

Every panel on yieldbasis.com/analytics traces back to a specific contract state variable or a derived metric. This page maps each panel to its source and flags the common misreadings.

info

If a panel label or layout has changed since this doc was written, the code-level source (contract or subgraph field) is still authoritative. Panel labels are quoted exactly as they appear in the UI.

The dashboard has four top-level tabs plus a per-market detail view.

Tab: Markets

Protocol-wide view of all YB markets.

Top metrics

Label	What it is	Source
TVL	Sum of LT vault values across all markets, in USD	Aggregated LT.liquidity.total × oracle price
Collected admin fees	Cumulative admin fees already claimed via withdraw_admin_fees and routed to FeeDistributor	Subgraph event log
Pending admin fees	Admin-fee balance not yet withdrawn	LT.liquidity.admin (positive part) per market, summed

Admin fees are the protocol's cut of yield, split per the staking ratio. See Fee Mechanics.

Markets table

Column	Meaning	Notes
Market	Asset symbol; Deprecated badge for legacy LTs	Legacy markets have withdrawal open but no new deposits
FT APY (30D)	Fundamental trading APY, trailing 30 days	Derived from PPS (fundamental-value) growth driven by trading fees. Does NOT include emissions.
Token APR	Gauge emission APR at current rate + vote weight	YB-denominated at current YB/USD
TVL	Vault value in asset quantity + USD
Composition	Cryptoswap pool balances (asset vs crvUSD)	Reflects Cryptoswap internal state, not LT
TRD	Temporary Redemption Discount % (signed)	preview_withdraw(1e18) / pricePerShare() − 1. Negative during a discount (e.g. −1.5% on a drawdown); positive in the rare premium case. Resolves via arb; see TRD

The tooltip on TRD says: "Pools may become imbalanced during high volatility, causing redemption discounts. Arbitrage and swaps naturally rebalance them with time, reducing the discount to 0." The Cryptoswap pool rebalances its price_scale internally (fee-funded), and VirtualPool arbitrage closes the LEVAMM-vs-Cryptoswap gap.

PPS charts (plain — unstaked path)

• Fundamental PPS (PLAIN) — PPS-equivalent series if a share were held unstaked. Tracks $L=2$ value growth from fees.
• Redemption PPS (PLAIN) — What you'd actually receive on preview_withdraw at each point in time. The gap to Fundamental PPS is realized TRD.

PPS charts (staked — with emissions)

• Fundamental PPS (STAKED + EMISSIONS) — Staked-side value per share (subject to watermark, not unstaked PPS) plus accrued YB emissions priced at YB/USD. The two components are summed for display.
• Redemption PPS (STAKED + EMISSIONS) — Withdrawal value for a staked share including accrued emissions.

A gap between these two on the staked charts indicates watermark shortfall (staked < ideal_staked); see Watermark and Recovery.

caution

These staked charts include emissions in their value line. That is how the dashboard makes a like-for-like visual comparison with the unstaked (plain) charts. Do not interpret the staked line as "staked earns PPS growth" — staked positions do not accrue unstaked PPS. The apparent growth in these charts is the emissions component. Your realised return as a staker is emissions-only; comparing to unstaked means comparing emissions-to-you against unstaked PPS growth, not summing them.

APY / APR charts

• Trading APY — Fundamental trading APY over a selectable window (default ALL-TIME). 0% baseline included so you can see underperformance periods.
• Token APR — Gauge emission APR, bounded at 0.

Admin fees charts

• Total Collected Admin Fees (USD) — Area chart of cumulative protocol-wide admin fees since genesis.
• Collected Admin Fees by Market (USD) — Per-market breakdown. Helpful for spotting which markets contribute most revenue.

Tab: Gauges

Governance-adjusted emission routing.

Top metrics

Label	What it is
Total veYB votes	Total veYB currently in the system
Total gauge votes	Sum of veYB weight allocated to gauges (≤ total veYB)
veYB Vote Utilization	total gauge votes / total veYB — fraction of veYB actively voting
Total YB Emissions	Cumulative YB minted to gauges
Daily YB Emissions	Projected 24h emission at current schedule
Votes per YB/day	veYB required to direct 1 YB/day to a gauge

The tooltip on "Votes per YB/day" is the practical unit for gauge-vote strategy.

Gauges table

Column	Meaning	Source
Gauge	Gauge's market asset	LiquidityGauge.lt → LT asset
Staked %	Fraction of that market's LT staked in the gauge	staked / total_supply on LT
Votes	veYB allocated to this gauge	GaugeController.gauge_weight
Vote weight	This gauge's votes / total gauge votes	Derived
Incentives weight	Emission share, vote_weight × sqrt(staked/total)	See Gauges & Emissions
Emissions (24h)	YB going to this gauge per 24h
YB distributed	Lifetime YB minted to this gauge

Gauge charts

Per-gauge time series: staked %, incentives weight (stacked area), votes (stacked), vote weight %, YB emissions (stacked bar), utilization, votes-per-YB. Initial day may be noisy and is filtered.

Tab: VeYB Revenue

Fee distribution to veYB holders.

Top metrics

Label	What it is
veYB APR	Annualized % return based on current epoch distribution
$/veYB/year	Historical weighted average USD per veYB across all completed epochs
Total distributed	Cumulative USD distributed to veYB holders since genesis
Current epoch	USD distributed in the active epoch so far
Total veYB	Current veYB supply
Locked YB	Total YB locked in VotingEscrow
Pending admin fees	Fees collected but not yet claimed + distributed

tip

Fees claimed during an epoch are distributed evenly across the subsequent four epochs. This is why current-epoch numbers include tails from the prior four claim events.

Charts

• veYB APR (time series)
• Fee Distribution by Token (USD) — stacked bar, per-token value per epoch
• Fee Distribution by Token (Amounts) — same, raw token quantities (no USD conversion)

Epochs table

Per-epoch breakdown:

Column	Meaning
Epoch	Epoch number; * = current, ** = ended
Epoch start	Start timestamp
veYB supply	Supply snapshot during epoch
YB price	YB/USD at epoch
Distribution (USD)	Total USD distributed
$/veYB/year	Annualized
VeYB APR	Annualized %

"Estimates for future epochs are based on currently distributed fees, veYB supply, and the YB price, and do not constitute predictions of future distributions."

Claim action

The "Claim Fees" button executes a multicall: LT.withdraw_admin_fees on each market with pending fees, then FeeDistributor.fill_epochs. Admins and anyone can trigger; gas cost scales with number of markets with pending balances.

Tab: Locks

Lock-supply distribution.

Top metrics

Label	What it is
veYB APR	Same as VeYB Revenue tab
Holders	Number of lock positions
Total veYB	veYB supply
Locked YB	YB locked in VotingEscrow
Permalocked YB	YB locked with infinite = True
% of eligible locked	Fraction of lockable YB supply that is locked
% of eligible permalocked	Fraction that is permalocked (no decay)

Tooltip on % of eligible locked: "The percentage of the YB supply eligible for locking that is locked" — "eligible" excludes team/treasury YB subject to cliff vesting.

Charts

• % of eligible locked — two lines: locked (solid), permalocked (dashed)
• YB Locked — absolute quantities, same two series
• Lock time distribution — histogram of lock-end dates

Holders table

Ranked by veYB share, paginated at 100/page. Columns: rank, address (with ENS), locked YB, veYB share, lock end (or "Permalock").

Search by address or ENS.

Market detail page

Clicking a market opens /analytics/market/:ltAddress with per-market depth.

Market details

• Fundamental PPS — pricePerShare()
• Redemption PPS — preview_withdraw(shares) / shares for a reference share count
• Market TRD — redemption / fundamental − 1 (negative during a discount)

Pool details

• TVL — True USD TVL from oracle pricing
• Rebalance Reserve — VP Reserve (fees) + Donations. The buffer Cryptoswap uses to absorb price_scale rebalance cost. Higher = less LP drag during volatility. See Refueling and Donations.
• Dynamic Fee — current Cryptoswap dynamic fee (rises with imbalance, falls when balanced)

Charts specific to market detail

• Plain PPS vs Watermark PPS — dual-axis: PPS (Fundamental) + Watermark PPS on left; asset price (USD) on right. Watermark PPS tracks ideal_staked / staked_tokens.
• Price Per Share (PLAIN) — Fundamental + Redemption for unstaked.
• Price Per Share (STAKED + EMISSIONS) — same for staked.
• Trading APY — window-selectable.
• Token APR — gauge APR for this market.

Pool state charts

Three side-by-side, exposing Cryptoswap internals:

• Virtual Price vs XCP Profit Half — Virtual price is "value of 1 LP token"; grows with fees, drops when price_scale rebalances. xcp_profit_half is 50% of lifetime profit and acts as a floor virtual price should not cross. The gap is the rebalance reserve.
• Price Oracle vs Price Scale — price_oracle is EMA of recent trade prices; price_scale is where pool liquidity is concentrated. The pool rebalances price_scale toward the oracle when conditions are met — this is the internal mechanism and is fee-funded, separate from user/arb swaps.
• Donation Shares vs Available Shares — linear unlock of interest donations over the pool's donation window (default 7 days; governance-configurable per pool). donation_shares locked; available_shares unlocked. Donations boost virtual price without diluting LPs.

Admin fees

Area chart of admin fees collected for this specific market. USD/asset-unit toggle.

Related

• Fundamental Value, Redemption Value, and TRD: the two share values and the transient gap between them.
• Watermark and Recovery: the staked-side drawdown mechanism in full.
• Gauges & Emissions: how gauge votes route emissions.
• Withdraw Liquidity: the full withdraw walkthrough.