11% APY is only interesting if you understand what sits behind it. one thing i'm watching with @grvt_io is how GRVT Earn plans to generate yield through tokenized fixed-income strategies rather than relying entirely on token incentives. the approach is built around cash flows from traditional financial assets, including interest payments, invoice financing and income from financial contracts. ethereum:0xad29f2723fcdbcf665f210f25e06f97477e417cf is also planning to offer GLP, a market-making strategy that works differently from fixed-income products and comes with its own risk profile. what makes this worth watching is the combination of different yield sources in one self-custodial platform. but these strategies shouldn't be judged by APY alone. the underlying assets, liquidity, risk exposure and consistency of returns matter just as much. the 11% figure is a target, not a guaranteed return. if GRVT can make these strategies accessible while keeping the risks transparent, Earn could become a more useful part of how users manage their capital.