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Positions earn two kinds of yield: trading fees from swaps that cross your ranges, and emissions — reward tokens venues pay to staked liquidity. Harvesting is the agent claiming both and putting them back to work.

The cycle

  1. Claim. Pending rewards are claimed from the venue into your vault.
  2. Convert. Reward tokens are sold for strategy assets under the vault’s per-swap loss cap. Emission tokens tend to depreciate — holding them is a position, and rarely a good one, so the agent converts on a cadence that balances conversion cost against depreciation risk.
  3. Compound. Proceeds are folded back into positions, growing the base that earns the next harvest.
Every harvest appears in your statement with its USD value and transaction.

Why cadence matters

Harvesting too often burns the yield in gas and swap costs; too rarely leaves rewards exposed to emission-token decay. The agent sizes harvest timing to each pool’s actual reward flow rather than a fixed schedule — part of the same closed-source policy layer as tending.

Harvest yield is the honest yardstick

Harvested value — minus the gas and swap costs of earning it — is the strategy delta on your dashboard: what the agent’s work actually produced, isolated from what the market did to the underlying assets. That’s the number we consider ourselves accountable for.
Compounding is the default. If you prefer harvests to accumulate instead, that preference lives in your vault’s settings.