Each point is the headline yield: 70% of the annual emission divided by the total ACU staked at that moment, then annualized.

It tends to drift down over time because emissions are roughly fixed but total stake usually grows. Sharp moves almost always trace back to a stake event.

Daily snapshots of how much ACU is locked in staking across every active manager and delegator.

Steady upward drift is the normal pattern — managers compound rewards and new delegators come online. Step-changes mean a large account moved.

Gross APR is emissions ÷ total staked. Emissions are fixed, so when total stake rises the same pool gets sliced thinner.

Use the two charts side-by-side: a stake bump on the right chart usually shows up as a matching APR dip on the left.

You'll see a single-day step up in Total Staked ACU and a matching step down in Gross APR on the same date.

If the new stake is heavily concentrated in one manager, the Manager Distribution percentiles below also widen on that day.

The mirror image: Total Staked drops, and Gross APR pops up because remaining stakers split the same emission across a smaller base.

Withdrawals show up immediately at the protocol level — there is no warmup window for the network APR calculation.

When neither emission cadence nor total stake changes meaningfully, both lines stay flat — that is healthy, not a data gap.

The 7d toggle compresses the same data; if the 30d view is flat, the 7d view will be too.