> ## Documentation Index
> Fetch the complete documentation index at: https://docs.dionysus.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Venues and emissions

> The yield depends on venues and reward programs that can change.

Most of the yield the agent harvests is **emissions** — reward tokens venues pay to attract liquidity. That yield is real, but it rests on foundations you should understand.

## Emission tokens depreciate

Reward tokens are continuously minted and continuously sold — by us and by everyone else farming them. Persistent sell pressure means they usually trend down. The agent's answer is to **convert harvests promptly** rather than hold reward-token inventory, but between claim and conversion there is always some exposure, and a reward token collapsing faster than it can be harvested reduces realised yield.

## Programs end

Emissions are allocated by vote, by schedule, or by a team's runway — all of which change. A pool paying handsomely today can pay nothing next epoch. This is the risk [rotation](/agent/rotate) exists to manage: the screen tracks *sustained* yield and moves on when a program fades. Rotation follows decay; it cannot front-run a governance vote.

## Venues can fail

A venue can be exploited, abandoned, or simply bleed liquidity until exits become expensive. Vetting is deliberately conservative — behaviour verified against source, routing probed with real transactions before real size — and thin or unproven venues stay off the allowlist even when their advertised yield is tempting. What vetting cannot do is make a third-party contract our code.

## Chain risk

All of this lives on Robinhood Chain, which is young. Sequencer downtime pauses everyone, us included; RPC and indexing infrastructure is thinner than on mature chains. The vault's safety posture (exits independent of our infrastructure, [suspension over silent failure](/agent/guardrails)) is designed with that youth in mind.

<Note>
  The strategy-level mitigation for everything on this page is the same: no loyalty. Pools, venues and reward programs are continuously re-scored, and capital follows the evidence. See [How pools are chosen](/strategies/how-pools-are-chosen).
</Note>
