Every token has a market price and a redemption price — the difference decides whether to mint or buy.
For every yield-bearing stablecoin and LST, the board answers three questions in one row — in order of how often you'll use them.
Buy the token on a DEX, or mint it via the protocol? We pull a real buy quote at a standard notional (slippage priced in) and compare it to the on-chain mint rate. Verdict: BUY or MINT. A DEX buy usually wins — the value is catching the rare moment it doesn't.
Sell on a DEX, or redeem via the protocol? We compare a real sell quote to the protocol's redemption value (net of fee, over its redeem window). Verdict: SELL or REDEEM. This one flips often — SELL means the market is paying above redemption value, so selling beats waiting on a redeem.
When a token trades below the value it redeems for, that discount is a capturable spread. We annualize it over each protocol's real redemption window — instant, a cooldown, or a queue — so opportunities compare as a single APY. Negative and near-zero spreads are shown honestly too; an efficient market is an answer, not an empty screen.
Everything above is denominated in the underlying token, so a de-pegged crvUSD or DOLA never distorts the math the way a USD oracle would. The board is open to everyone and shows every verdict's direction. Pro adds the exact magnitude, a quote at your own size, direct mint/redeem links, and Telegram alerts.
Same idea everywhere — for each token, the cheaper way in (buy on a DEX vs. mint) and the cheaper way out (sell on a DEX vs. redeem), plus the redemption spread as an APY. All priced in the underlying.
Yield-bearing stablecoins and non-KYC mintable stablecoins on EVM chains: buy vs. mint to enter, sell vs. redeem to exit, and the discount to redemption value as an APY.
Ethereum liquid-staking tokens vs. their on-chain ETH value: buy vs. mint to enter, sell vs. redeem to exit. Redeem windows range from instant to a multi-week validator queue — and the wait is priced into the APY.
Solana LSTs and stables: buy vs. mint to enter, sell vs. redeem to exit. Redemption settles at the epoch boundary (~1–2 days) and staking rewards keep accruing while you wait — so the board shows both spot and projected value.
The board tells you what's cheaper now. Alerts tell you the moment it changes — so you're not watching a screen all day. Delivered to Telegram. Pro.
Set an APY threshold. When any tracked asset's redemption spread rises above it, the bot messages you once — and re-arms only after it drops back below and crosses again. No spam.
Get pinged when a token's better exit flips REDEEM ↔ SELL — the moment the market starts paying above redemption value, or stops. The signal that the trade just turned.
See the spreads for free. Go Pro to act on them — size-aware quotes and Telegram alerts.
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It is the gap between a yield-bearing token's market price and the value its protocol returns for it on-chain, its redemption value. When the market price is below that value, buying and redeeming captures the difference. ArbScreener shows it as an annualized APY that already prices in the redeem wait.
A USD price would mix the token's own peg movement into the spread. Pricing in the underlying (USDe, ETH, SOL and so on) means a de-pegged crvUSD or DOLA never distorts the math the way a USD oracle would.
Yield-bearing and mintable stablecoins on EVM chains, Ethereum liquid-staking tokens, and Solana LSTs and stables, across Ethereum, Arbitrum, Base, Optimism, Plasma, Avalanche, Monad, HyperEVM and Solana. Coverage grows most weeks, and tokens can be added on request.
The boards are open to everyone with no signup, and show every verdict's direction plus the redemption spread and APY. Pro adds the exact magnitude of each verdict, quotes at your own position size, direct mint and redeem links, and Telegram alerts. Pro is a one-time on-chain payment for 3 or 12 months and never renews on its own.
No. It is read-only: it reads on-chain values and DEX aggregator quotes, and never signs, routes or custodies anything. Every action stays with you.
No. All figures are gross estimates for research. They do not include gas, bridge fees, slippage beyond the quote, or smart-contract and depeg risk, so check each protocol yourself before acting.