Metrics framework
STETHLido · Ethereum
Every row states its formula, its inputs, its source and when it was retrieved. Where there is no figure there is a reason, not a dash.
23 of 109 metrics carry a value. The rest state what they are missing. That is not a gap in the presentation: this application's data is a yield and capital series — no price, no order book, no holder distribution and no contract data.
Market
The underlying time series is: tvlUsd. A metric over it describes that series, not a price.
Price — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no price series retrieved
- Definition
- The token price's relative distance from the reference value of the underlying asset.
- Formula
- (tokenPrice - referenceValue) / referenceValue
- Inputs
- tokenPrice, referenceValue
- Reading
- Positive means the token trades above the reference value, negative below. The figure says nothing about why.
- Limit
- Only as sound as the reference value itself: a once-a-day NAV and a live price do not refer to the same moment.
- Method
- In-house definition, formed from this application's inputs. · premiumDiscount · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:24 PM UTC
- This application retrieves no price series; what is available is the market data provider's yield and capital series.
Trading volume — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: vol1
- Definition
- One period's trading volume relative to the available liquidity of the same reference base.
- Formula
- volume / liquidity
- Inputs
- volume, liquidity
- Reading
- A turnover measure. It says nothing about the price at which turnover happened.
- Limit
- TVL is not liquidity: locked capital is not tradable capital. Which base was used is recorded with the result.
- Method
- In-house definition, formed from this application's inputs. · volumeToLiquidity · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:24 PM UTC
Market capitalization — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: a pool row carries no market capitalization
- Definition
- The token price's relative distance from the reference value of the underlying asset.
- Formula
- (tokenPrice - referenceValue) / referenceValue
- Inputs
- tokenPrice, referenceValue
- Reading
- Positive means the token trades above the reference value, negative below. The figure says nothing about why.
- Limit
- Only as sound as the reference value itself: a once-a-day NAV and a live price do not refer to the same moment.
- Method
- In-house definition, formed from this application's inputs. · premiumDiscount · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:24 PM UTC
Fully diluted valuation — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no total supply in this application's sources
- Definition
- The token price's relative distance from the reference value of the underlying asset.
- Formula
- (tokenPrice - referenceValue) / referenceValue
- Inputs
- tokenPrice, referenceValue
- Reading
- Positive means the token trades above the reference value, negative below. The figure says nothing about why.
- Limit
- Only as sound as the reference value itself: a once-a-day NAV and a live price do not refer to the same moment.
- Method
- In-house definition, formed from this application's inputs. · premiumDiscount · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:24 PM UTC
- No supply register in this application's data sources. An unknown figure is not zero.
Spread — Show the explanationORDERBOOK_DATA_UNAVAILABLE · No order book
Reason: no order book in this application's sources
- Definition
- The relative distance between best bid and ask, over the midpoint.
- Formula
- (ask - bid) / ((ask + bid) / 2)
- Inputs
- bid, ask
- Reading
- A snapshot at one venue.
- Limit
- Not computable without an order book, and not approximated here. An AMM has no bid/ask in this formula's sense.
- Method
- Market microstructure, standard relative quoted spread. · spread · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:24 PM UTC
- No order book in this application's data sources. Without one, nothing is approximated here.
Depth within one percent — Show the explanationORDERBOOK_DATA_UNAVAILABLE · No order book
Reason: no order book in this application's sources
- Definition
- The relative distance between best bid and ask, over the midpoint.
- Formula
- (ask - bid) / ((ask + bid) / 2)
- Inputs
- bid, ask
- Reading
- A snapshot at one venue.
- Limit
- Not computable without an order book, and not approximated here. An AMM has no bid/ask in this formula's sense.
- Method
- Market microstructure, standard relative quoted spread. · spread · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:24 PM UTC
- No order book in this application's data sources. Without one, nothing is approximated here.
Depth within two percent — Show the explanationORDERBOOK_DATA_UNAVAILABLE · No order book
Reason: no order book in this application's sources
- Definition
- The relative distance between best bid and ask, over the midpoint.
- Formula
- (ask - bid) / ((ask + bid) / 2)
- Inputs
- bid, ask
- Reading
- A snapshot at one venue.
- Limit
- Not computable without an order book, and not approximated here. An AMM has no bid/ask in this formula's sense.
- Method
- Market microstructure, standard relative quoted spread. · spread · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:24 PM UTC
- No order book in this application's data sources. Without one, nothing is approximated here.
Price impact of an execution — Show the explanationORDERBOOK_DATA_UNAVAILABLE · No order book
Reason: no order book in this application's sources
- Definition
- The distance of the achieved execution price from the pre-trade midpoint.
- Formula
- (executionPrice - midPrice) / midPrice
- Inputs
- executionPrice, midPrice
- Reading
- Applies to the order size it was measured at, and only that size.
- Limit
- At an AMM it follows the pool's curve, not an order book; without reserves and curve shape it cannot be determined.
- Method
- Market microstructure. · priceImpact · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:24 PM UTC
- No order book in this application's data sources. Without one, nothing is approximated here.
Turnover — Show the explanationDATA_NOT_AVAILABLE · Field not available
Reason: no market capitalization as a reference base
- Definition
- One period's trading volume relative to the available liquidity of the same reference base.
- Formula
- volume / liquidity
- Inputs
- volume, liquidity
- Reading
- A turnover measure. It says nothing about the price at which turnover happened.
- Limit
- TVL is not liquidity: locked capital is not tradable capital. Which base was used is recorded with the result.
- Method
- In-house definition, formed from this application's inputs. · volumeToLiquidity · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:24 PM UTC
Source's own variation figure — Show the explanation0.05395
- Definition
- The annualized standard deviation of log period returns of the observed series.
- Formula
- stdDev(logReturns) * sqrt(periodsPerYear)
- Inputs
- series, periodsPerYear
- Reading
- Describes the measured series' variation over the measured window.
- Limit
- Annualizing assumes equal-length periods and independent returns. Over an APY or TVL series this is not price volatility — the result states which series it is.
- Method
- Standard definition; square-root-of-time annualization. · realizedVolatility · TV-1.0 · EXPERIMENTAL
- Source: DeFiLlama Yields (INFRASTRUCTURE) · retrieved Oct 5, 2026, 3:24 PM UTC
- The market data provider's own dispersion figure over the yield series — not price volatility.
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Data as of: Oct 5, 2026, 3:24 PM UTC