Define “Real Yield” in the Context of DAO Protocol Fees.
Real Yield refers to the rewards distributed to token holders that are sourced directly from the protocol's organic revenue (e.g. trading fees, interest, service charges), rather than being paid out in newly minted, inflationary native tokens. It is considered "real" because it is sustainable and does not dilute the token's value.
A DAO distributing Real Yield, often in stablecoins or ETH, demonstrates a healthier, more sustainable economic model.