DONUT — 188.70% APY Staking Pool

The DONUT pool on Merkl (Arbitrum) currently yields 188.70% APY with $12.8K in total value locked. Deposit your DONUT, WETH and earn passive DeFi yield — no KYC, no lockup, self-custodied.

By APY Hub · Reviewed by Ankit Sharma · Last reviewed: July 2026 · Data: DeFiLlama · Updated every 4h

APY data sourced from DeFiLlama. Not financial advice — verify rates before depositing.

Pool Statistics

APY & TVL History

Historical APY and TVL data for DONUT, sourced from the DeFiLlama API. Use the charts to assess whether the current yield is a recent spike or a sustained rate. Sudden APY jumps often indicate new incentive programs — verify whether they are ongoing before making deposit decisions.

About DONUT

The DONUT pool is a decentralized yield-generating position managed by the Merkl protocol on the Arbitrum blockchain. Depositors provide DONUT, WETH liquidity and receive a share of the fees and rewards generated by pool activity — with no intermediaries, no KYC, and full on-chain transparency.

With 188.70% APY and $12.8K in total value locked, this pool represents an active liquidity opportunities in the Arbitrum DeFi ecosystem. The TVL figure reflects real user confidence — every dollar locked is a deposit from someone who chose this pool over thousands of alternatives.

How This Pool Generates Yield

Yield in DONUT comes from protocol fees and on-chain activity. This fee-based yield is more sustainable than token-emission models since it directly reflects real economic activity through the pool.

Unlike centralized staking on exchanges, your deposit in DONUT is secured by Merkl's open-source smart contracts on Arbitrum. You can verify the exact contract addresses, see every transaction in the pool, and withdraw your position at any time without requiring anyone's permission.

Who Should Use DONUT?

This pool suits investors who already hold DONUT, WETH and want to put those assets to work beyond simply holding. Note that this is a multi-asset pool with impermanent loss risk — it suits investors who are comfortable holding both assets in the pair and are less concerned about optimizing the exact ratio.

How to Stake DONUT, WETH in Merkl

Follow these steps to deposit into the DONUT pool and start earning 188.70% APY. The entire process takes 15–30 minutes for first-time DeFi users.

Step 1: Buy DONUT, WETH

Purchase DONUT, WETH on Bybit, BINGX, or MEXC. Choose the Arbitrum network for withdrawal to avoid bridging fees. Confirm the network before completing the transfer.

Step 2: Set Up a Wallet

Install MetaMask or use a Ledger hardware wallet. Add the Arbitrum network if it is not detected automatically. Never store your seed phrase digitally.

Step 3: Get Arbitrum for Gas

Buy a small amount of Arbitrum's native token to pay transaction fees — usually $1–10 worth is sufficient for several transactions.

Step 4: Connect to Merkl

Visit the official Merkl app. Bookmark the URL directly. Never click links from DMs, social media, or email — phishing sites mimic real protocols exactly.

Step 5: Approve and Deposit

Approve the token spend in your wallet, then confirm the deposit transaction. Yield begins accruing in the next block after confirmation.

Step 6: Track and Harvest

Check your position regularly. Some pools require manual reward claims — harvest and reinvest to compound your 188.70% APY over time.

Gas Costs and Break-Even

On Arbitrum, expect to spend approximately $0.10–$2 in gas for the deposit and withdrawal transactions combined. At 188.70% APY, a $967 deposit recovers ~$35 in gas within a week (≈ $5/day in yield). Scale your position accordingly — smaller deposits are better suited to low-fee chains.

Risk Assessment — DONUT

Every DeFi investment involves risk. Key risks for this pool:

• Smart Contract Risk — All DeFi protocols carry smart contract risk. Verify Merkl's audit history and bug bounty program before depositing.
• Liquidity Risk — Lower TVL means larger deposits may face slippage. Check pool depth before depositing.
• Impermanent Loss — This is a multi-asset pool: if DONUT, WETH prices diverge significantly, your position value decreases relative to simply holding the tokens. Monitor price ratios actively.
• Asset Price Risk — DONUT, WETH can lose significant value. Your position's USD worth moves with asset price, independent of your yield rate.
• Protocol Risk — Review Merkl's documentation, audit reports, and community reputation before committing large positions.

Frequently Asked Questions