APR & Incentives
Understand KPK vault APR, APY and temporary reward campaigns. Learn how Morpho, Merkl and protocol incentives can change displayed yield over time.
Organic yield
Base lending or strategy yield comes from the underlying protocol economics and market demand.
Temporary rewards
Campaigns can materially increase displayed APR for a limited time. These rewards should not be treated as permanent expected yield.
Dilution
Fixed reward budgets can be spread across more deposits as TVL rises, reducing effective reward APR for later participants.
FAQ
What does this APR & Incentives page cover?
This page explains the KPK approach to apr & incentives, including the relevant strategy mechanics, risk considerations and how the topic connects to curated vaults.
Can current rates or parameters change?
Yes. Vault rates, allocations, incentives, liquidity and protocol parameters can change as market conditions and governance decisions evolve.
Where should I check before depositing?
Review the current app metrics, the relevant protocol data and any active incentive campaign conditions immediately before making a deposit decision.