diff --git a/apps/api/prisma/migrations/20260719224240_feed_tokens/migration.sql b/apps/api/prisma/migrations/20260719224240_feed_tokens/migration.sql
new file mode 100644
index 0000000..e2ab6a9
--- /dev/null
+++ b/apps/api/prisma/migrations/20260719224240_feed_tokens/migration.sql
@@ -0,0 +1,20 @@
+-- CreateTable
+CREATE TABLE "feed_tokens" (
+    "id" TEXT NOT NULL,
+    "token_hash" TEXT NOT NULL,
+    "user_id" TEXT NOT NULL,
+    "name" TEXT NOT NULL,
+    "last_used_at" TIMESTAMP(3),
+    "created_at" TIMESTAMP(3) NOT NULL DEFAULT CURRENT_TIMESTAMP,
+
+    CONSTRAINT "feed_tokens_pkey" PRIMARY KEY ("id")
+);
+
+-- CreateIndex
+CREATE UNIQUE INDEX "feed_tokens_token_hash_key" ON "feed_tokens"("token_hash");
+
+-- CreateIndex
+CREATE INDEX "feed_tokens_user_id_idx" ON "feed_tokens"("user_id");
+
+-- AddForeignKey
+ALTER TABLE "feed_tokens" ADD CONSTRAINT "feed_tokens_user_id_fkey" FOREIGN KEY ("user_id") REFERENCES "users"("id") ON DELETE CASCADE ON UPDATE CASCADE;
diff --git a/apps/api/prisma/schema.prisma b/apps/api/prisma/schema.prisma
index 0175645..a3b88e4 100644
--- a/apps/api/prisma/schema.prisma
+++ b/apps/api/prisma/schema.prisma
@@ -51,6 +51,7 @@ model User {
   sessions        Session[]
   authTokens      AuthToken[]
   apiTokens       ApiToken[]
+  feedTokens      FeedToken[]
   ponds           Pond[]
   pages           Page[]
   attachments     Attachment[]
@@ -608,6 +609,24 @@ enum ApiTokenScope {
 /// user — the whole permission model applies — narrowed by `scope` and the
 /// optional pond restriction. Revoking keeps the row so the settings UI can
 /// show history; validation skips revoked/expired rows.
+/// Read-only feed authentication (issue #149): a `dt_feed_…` secret carried as
+/// a query parameter in Atom feed URLs, so feed readers can subscribe to
+/// non-public ponds/pages. Deliberately much narrower than an ApiToken —
+/// it can only ever authenticate the two feed endpoints, never the API.
+model FeedToken {
+  id         String    @id @default(uuid())
+  tokenHash  String    @unique @map("token_hash")
+  userId     String    @map("user_id")
+  name       String
+  lastUsedAt DateTime? @map("last_used_at")
+  createdAt  DateTime  @default(now()) @map("created_at")
+
+  user User @relation(fields: [userId], references: [id], onDelete: Cascade)
+
+  @@index([userId])
+  @@map("feed_tokens")
+}
+
 model ApiToken {
   id         String        @id @default(uuid())
   tokenHash  String        @unique @map("token_hash")
diff --git a/apps/api/src/public/feed-tokens.controller.ts b/apps/api/src/public/feed-tokens.controller.ts
new file mode 100644
index 0000000..c78d478
--- /dev/null
+++ b/apps/api/src/public/feed-tokens.controller.ts
@@ -0,0 +1,41 @@
+import { Body, Controller, Delete, Get, HttpCode, Param, Post, Req } from '@nestjs/common';
+import {
+  createFeedTokenInputSchema,
+  type CreateFeedTokenInput,
+  type FeedTokenCreatedView,
+  type FeedTokenView,
+} from '@dorfteich/shared';
+
+import { AuthedRequest } from '../auth/auth.guard';
+import { ZodValidationPipe } from '../common/zod-validation.pipe';
+import { AuthenticatedOnly } from '../permissions/permission.decorators';
+import { FeedTokensService } from './feed-tokens.service';
+
+/**
+ * Feed-token lifecycle for the settings UI (issue #149) —
+ * session-authenticated and owner-scoped, like the API-token controller.
+ */
+@Controller('users/me/feed-tokens')
+@AuthenticatedOnly()
+export class FeedTokensController {
+  constructor(private readonly tokens: FeedTokensService) {}
+
+  @Get()
+  list(@Req() request: AuthedRequest): Promise<FeedTokenView[]> {
+    return this.tokens.list(request.user!);
+  }
+
+  @Post()
+  create(
+    @Body(new ZodValidationPipe(createFeedTokenInputSchema)) input: CreateFeedTokenInput,
+    @Req() request: AuthedRequest,
+  ): Promise<FeedTokenCreatedView> {
+    return this.tokens.create(request.user!, input);
+  }
+
+  @Delete(':id')
+  @HttpCode(204)
+  async remove(@Param('id') id: string, @Req() request: AuthedRequest): Promise<void> {
+    await this.tokens.remove(request.user!, id);
+  }
+}
diff --git a/apps/api/src/public/feed-tokens.service.ts b/apps/api/src/public/feed-tokens.service.ts
new file mode 100644
index 0000000..54b945a
--- /dev/null
+++ b/apps/api/src/public/feed-tokens.service.ts
@@ -0,0 +1,74 @@
+import { createHash, randomBytes } from 'node:crypto';
+
+import { Injectable, NotFoundException } from '@nestjs/common';
+import {
+  FEED_TOKEN_PREFIX,
+  type CreateFeedTokenInput,
+  type FeedTokenCreatedView,
+  type FeedTokenView,
+} from '@dorfteich/shared';
+import { FeedToken, User } from '@prisma/client';
+
+import { PrismaService } from '../prisma/prisma.service';
+
+/**
+ * Feed-token lifecycle (issue #149). Mirrors the API-token mechanics — the
+ * secret (`dt_feed_<random>`) is shown once and only its SHA-256 lands in the
+ * database — but the token is read-only by construction: the sole consumer is
+ * {@link FeedService}, which resolves it to a user for the two feed endpoints.
+ */
+@Injectable()
+export class FeedTokensService {
+  constructor(private readonly prisma: PrismaService) {}
+
+  async list(user: User): Promise<FeedTokenView[]> {
+    const rows = await this.prisma.feedToken.findMany({
+      where: { userId: user.id },
+      orderBy: { createdAt: 'desc' },
+    });
+    return rows.map((row) => this.view(row));
+  }
+
+  async create(user: User, input: CreateFeedTokenInput): Promise<FeedTokenCreatedView> {
+    const secret = `${FEED_TOKEN_PREFIX}${randomBytes(24).toString('hex')}`;
+    const row = await this.prisma.feedToken.create({
+      data: { userId: user.id, name: input.name, tokenHash: hashFeedToken(secret) },
+    });
+    return { ...this.view(row), token: secret };
+  }
+
+  async remove(user: User, id: string): Promise<void> {
+    const { count } = await this.prisma.feedToken.deleteMany({
+      where: { id, userId: user.id },
+    });
+    if (count === 0) throw new NotFoundException();
+  }
+
+  /** The token's user, or null for a missing/invalid secret. */
+  async resolve(secret: string): Promise<User | null> {
+    if (!secret.startsWith(FEED_TOKEN_PREFIX)) return null;
+    const row = await this.prisma.feedToken.findUnique({
+      where: { tokenHash: hashFeedToken(secret) },
+      include: { user: true },
+    });
+    if (!row) return null;
+    // Best-effort usage stamp; a lost update here is harmless.
+    await this.prisma.feedToken
+      .update({ where: { id: row.id }, data: { lastUsedAt: new Date() } })
+      .catch(() => undefined);
+    return row.user;
+  }
+
+  private view(row: FeedToken): FeedTokenView {
+    return {
+      id: row.id,
+      name: row.name,
+      lastUsedAt: row.lastUsedAt?.toISOString() ?? null,
+      createdAt: row.createdAt.toISOString(),
+    };
+  }
+}
+
+function hashFeedToken(raw: string): string {
+  return createHash('sha256').update(raw).digest('hex');
+}
diff --git a/apps/api/src/public/feed.e2e.db.test.ts b/apps/api/src/public/feed.e2e.db.test.ts
new file mode 100644
index 0000000..6c41517
--- /dev/null
+++ b/apps/api/src/public/feed.e2e.db.test.ts
@@ -0,0 +1,198 @@
+import { INestApplication } from '@nestjs/common';
+import { PrismaClient } from '@prisma/client';
+import request from 'supertest';
+import { afterAll, beforeAll, describe, expect, it } from 'vitest';
+
+import { createTestApp, sessionCookieOf } from '../testing/test-app';
+import { createTestPrisma, hasTestDb, uniqueSuffix } from '../testing/test-db';
+import { UsersService } from '../users/users.service';
+
+/**
+ * Atom feeds end to end (issue #149): the pond feed lists recently updated
+ * pages, the page feed lists versions; a public pond serves anonymously, a
+ * private pond 404s without a feed token and opens with one; the feed-token
+ * lifecycle runs through the settings endpoints.
+ */
+describe.skipIf(!hasTestDb)('atom feeds (e2e, issue #149)', () => {
+  let app: INestApplication;
+  let prisma: PrismaClient;
+  const suffix = uniqueSuffix();
+  const password = 'feeds sind bequem 1';
+
+  let ownerId: string;
+  let ownerCookie: string;
+  let pondSlug: string;
+  let pondId: string;
+  let privatePondSlug: string;
+  let privatePondId: string;
+  let feedToken: string;
+
+  const api = () => request(app.getHttpServer());
+
+  async function makePage(pondIdV: string, slug: string, title: string): Promise<string> {
+    const page = await prisma.page.create({
+      data: {
+        pondId: pondIdV,
+        slug,
+        title,
+        createdBy: ownerId,
+        sortKey: 'a0',
+        ydocState: new Uint8Array(),
+        contentCache: {
+          create: { plainText: title, markdown: title, html: `<p>${title}</p>`, outline: [] },
+        },
+      },
+    });
+    return page.id;
+  }
+
+  beforeAll(async () => {
+    prisma = createTestPrisma();
+    app = await createTestApp();
+    const users = app.get(UsersService);
+    const username = `feed-owner-${suffix}`;
+    const owner = await users.createUser({
+      username,
+      email: `${username}@example.test`,
+      displayName: 'Feed Owner',
+      password,
+      locale: 'en',
+    });
+    ownerId = owner.id;
+    await users.markEmailVerified(ownerId);
+    ownerCookie = sessionCookieOf(
+      await api()
+        .post('/api/v1/auth/login')
+        .send({ usernameOrEmail: username, password })
+        .expect(200),
+    );
+
+    pondSlug = `feed-pond-${suffix}`;
+    const pond = await prisma.pond.create({
+      data: { slug: pondSlug, name: 'Feed Pond', type: 'SHARED', ownerId },
+    });
+    pondId = pond.id;
+    await makePage(pondId, `older-${suffix}`, 'Older Page');
+    const newerId = await makePage(pondId, `newer-${suffix}`, 'Newer Page');
+    await prisma.pageVersion.create({
+      data: {
+        pageId: newerId,
+        ydocSnapshot: new Uint8Array(),
+        trigger: 'MANUAL',
+        label: 'First draft',
+        createdBy: ownerId,
+      },
+    });
+    await prisma.roleGrant.create({
+      data: {
+        pondId,
+        subjectType: 'PUBLIC',
+        subjectId: null,
+        role: 'READER',
+        scopeType: 'POND',
+        scopeId: null,
+        effect: 'ALLOW',
+        createdBy: ownerId,
+      },
+    });
+
+    privatePondSlug = `feed-priv-${suffix}`;
+    const priv = await prisma.pond.create({
+      data: { slug: privatePondSlug, name: 'Private Feed Pond', type: 'SHARED', ownerId },
+    });
+    privatePondId = priv.id;
+    await makePage(privatePondId, `hidden-${suffix}`, 'Hidden Page');
+    // Raw ponds carry no owner grant row — give the owner explicit read
+    // access so the feed token (resolving to the owner) may see the pond.
+    await prisma.roleGrant.create({
+      data: {
+        pondId: privatePondId,
+        subjectType: 'USER',
+        subjectId: ownerId,
+        role: 'READER',
+        scopeType: 'POND',
+        scopeId: null,
+        effect: 'ALLOW',
+        createdBy: ownerId,
+      },
+    });
+  });
+
+  afterAll(async () => {
+    await prisma.feedToken.deleteMany({ where: { userId: ownerId } });
+    await prisma.roleGrant.deleteMany({ where: { pond: { ownerId } } });
+    await prisma.pageVersion.deleteMany({ where: { page: { pond: { ownerId } } } });
+    await prisma.pageContentCache.deleteMany({ where: { page: { pond: { ownerId } } } });
+    await prisma.page.deleteMany({ where: { pond: { ownerId } } });
+    await prisma.pond.deleteMany({ where: { ownerId } });
+    await prisma.session.deleteMany({ where: { userId: ownerId } });
+    await prisma.user.deleteMany({ where: { id: ownerId } });
+    await prisma.$disconnect();
+    await app.close();
+  });
+
+  it('serves a public pond feed anonymously as Atom', async () => {
+    const res = await api().get(`/api/v1/public/${pondSlug}/feed.xml`).expect(200);
+    expect(res.headers['content-type']).toContain('application/atom+xml');
+    expect(res.text).toContain('<feed xmlns="http://www.w3.org/2005/Atom">');
+    expect(res.text).toContain('<title>Feed Pond</title>');
+    expect(res.text).toContain('Newer Page');
+    expect(res.text).toContain('Older Page');
+    expect(res.text).toContain('<updated>');
+    // Anonymous entries link into the public view.
+    expect(res.text).toContain(`/api/v1/public/${pondSlug}/newer-${suffix}`);
+  });
+
+  it('serves a page feed built from the version history', async () => {
+    const res = await api().get(`/api/v1/public/${pondSlug}/newer-${suffix}/feed.xml`).expect(200);
+    expect(res.text).toContain('<title>Newer Page — Feed Pond</title>');
+    expect(res.text).toContain('First draft');
+  });
+
+  it('runs the feed-token lifecycle and opens a private pond with it', async () => {
+    // Without any auth the private pond hides (404, #60).
+    await api().get(`/api/v1/public/${privatePondSlug}/feed.xml`).expect(404);
+
+    const created = await api()
+      .post('/api/v1/users/me/feed-tokens')
+      .set('Cookie', ownerCookie)
+      .send({ name: 'Reader im Wohnzimmer' })
+      .expect(201);
+    feedToken = created.body.token as string;
+    expect(feedToken).toMatch(/^dt_feed_/);
+
+    // The token authenticates the feed; entries link into the app.
+    const res = await api()
+      .get(`/api/v1/public/${privatePondSlug}/feed.xml?token=${feedToken}`)
+      .expect(200);
+    expect(res.text).toContain('Hidden Page');
+    expect(res.text).toContain(`/p/${privatePondSlug}/hidden-${suffix}`);
+
+    // Garbage tokens fall back to anonymous → 404 for the private pond.
+    await api().get(`/api/v1/public/${privatePondSlug}/feed.xml?token=dt_feed_junk`).expect(404);
+
+    // List shows it (without the secret); delete kills the access.
+    const list = await api()
+      .get('/api/v1/users/me/feed-tokens')
+      .set('Cookie', ownerCookie)
+      .expect(200);
+    expect(list.body).toHaveLength(1);
+    expect(list.body[0].name).toBe('Reader im Wohnzimmer');
+    expect(list.body[0].token).toBeUndefined();
+    await api()
+      .delete(`/api/v1/users/me/feed-tokens/${list.body[0].id}`)
+      .set('Cookie', ownerCookie)
+      .expect(204);
+    await api().get(`/api/v1/public/${privatePondSlug}/feed.xml?token=${feedToken}`).expect(404);
+  });
+
+  it('keeps the page feed permission-checked', async () => {
+    await api().get(`/api/v1/public/${privatePondSlug}/hidden-${suffix}/feed.xml`).expect(404);
+  });
+
+  it('advertises the pond feed in the public HTML shell', async () => {
+    const res = await api().get(`/api/v1/public/${pondSlug}/newer-${suffix}`).expect(200);
+    expect(res.text).toContain('rel="alternate" type="application/atom+xml"');
+    expect(res.text).toContain(`/api/v1/public/${pondSlug}/feed.xml`);
+  });
+});
diff --git a/apps/api/src/public/feed.service.ts b/apps/api/src/public/feed.service.ts
new file mode 100644
index 0000000..6a82006
--- /dev/null
+++ b/apps/api/src/public/feed.service.ts
@@ -0,0 +1,150 @@
+import { Injectable, NotFoundException } from '@nestjs/common';
+import { Pond, User } from '@prisma/client';
+
+import { PagesService } from '../pages/pages.service';
+import { PermissionService } from '../permissions/permission.service';
+import { PrismaService } from '../prisma/prisma.service';
+import { FeedTokensService } from './feed-tokens.service';
+import { escapeHtml } from './html-shell';
+
+/** How many entries a feed carries — plenty for readers polling regularly. */
+const FEED_ENTRIES = 30;
+
+interface FeedEntry {
+  id: string;
+  title: string;
+  link: string;
+  updated: Date;
+  summary?: string;
+}
+
+/**
+ * Atom feeds (issue #149): per pond (recently created/updated pages) and per
+ * page (its version history). Anonymous visitors get exactly what the public
+ * grant allows — a non-public pond 404s, never leaks. A `?token=dt_feed_…`
+ * query parameter authenticates the request as the token's user (feed readers
+ * cannot send headers), so private ponds become subscribable too; links then
+ * point into the app instead of the public view.
+ */
+@Injectable()
+export class FeedService {
+  constructor(
+    private readonly prisma: PrismaService,
+    private readonly permissions: PermissionService,
+    private readonly pages: PagesService,
+    private readonly feedTokens: FeedTokensService,
+  ) {}
+
+  /** The effective viewer: feed token > session user > anonymous. */
+  async viewerFor(sessionUser: User | null, token: string | undefined): Promise<User | null> {
+    if (token) {
+      const tokenUser = await this.feedTokens.resolve(token);
+      if (tokenUser) return tokenUser;
+    }
+    return sessionUser;
+  }
+
+  /** Recently updated pages of a pond as Atom XML. */
+  async pondFeed(user: User | null, pondSlug: string, baseUrl: string): Promise<string> {
+    const pond = await this.requireVisiblePond(user, pondSlug);
+    const items = await this.pages.list(user, pond.id);
+    const anonymous = user === null;
+    const entries = items
+      .slice()
+      .sort((a, b) => b.updatedAt.localeCompare(a.updatedAt))
+      .slice(0, FEED_ENTRIES)
+      .map((page) => ({
+        id: `${baseUrl}/api/v1/public/${pond.slug}/${page.slug}`,
+        title: page.title,
+        link: anonymous
+          ? `${baseUrl}/api/v1/public/${pond.slug}/${page.slug}`
+          : `${baseUrl}/p/${pond.slug}/${page.slug}`,
+        updated: new Date(page.updatedAt),
+      }));
+    return atomDocument({
+      id: `${baseUrl}/api/v1/public/${pond.slug}/feed.xml`,
+      title: pond.name,
+      selfLink: `${baseUrl}/api/v1/public/${pond.slug}/feed.xml`,
+      entries,
+    });
+  }
+
+  /** A page's version history as Atom XML. */
+  async pageFeed(
+    user: User | null,
+    pondSlug: string,
+    pageSlug: string,
+    baseUrl: string,
+  ): Promise<string> {
+    const pond = await this.requireVisiblePond(user, pondSlug);
+    const page = await this.prisma.page.findFirst({
+      where: { pondId: pond.id, slug: pageSlug, deletedAt: null },
+      select: { id: true, pondId: true, slug: true, title: true },
+    });
+    if (!page || !(await this.permissions.canAccessPage(user, page, 'read'))) {
+      throw new NotFoundException();
+    }
+    const versions = await this.prisma.pageVersion.findMany({
+      where: { pageId: page.id },
+      orderBy: { createdAt: 'desc' },
+      take: FEED_ENTRIES,
+      select: { id: true, label: true, trigger: true, createdAt: true },
+    });
+    const link =
+      user === null
+        ? `${baseUrl}/api/v1/public/${pond.slug}/${page.slug}`
+        : `${baseUrl}/p/${pond.slug}/${page.slug}`;
+    const entries = versions.map((version) => ({
+      id: `urn:dorfteich:version:${version.id}`,
+      title: version.label ?? version.trigger.toLowerCase(),
+      link,
+      updated: version.createdAt,
+    }));
+    return atomDocument({
+      id: `${baseUrl}/api/v1/public/${pond.slug}/${page.slug}/feed.xml`,
+      title: `${page.title} — ${pond.name}`,
+      selfLink: `${baseUrl}/api/v1/public/${pond.slug}/${page.slug}/feed.xml`,
+      entries,
+    });
+  }
+
+  /** The pond, 404-hidden from viewers who may not even see it (#60). */
+  private async requireVisiblePond(user: User | null, pondSlug: string): Promise<Pond> {
+    const pond = await this.prisma.pond.findFirst({ where: { slug: pondSlug, deletedAt: null } });
+    if (!pond || !(await this.permissions.canSeePond(user, pond.id))) {
+      throw new NotFoundException();
+    }
+    return pond;
+  }
+}
+
+function atomDocument(feed: {
+  id: string;
+  title: string;
+  selfLink: string;
+  entries: FeedEntry[];
+}): string {
+  const updated = feed.entries[0]?.updated ?? new Date();
+  const entries = feed.entries
+    .map(
+      (entry) =>
+        `  <entry>\n` +
+        `    <id>${escapeHtml(entry.id)}</id>\n` +
+        `    <title>${escapeHtml(entry.title)}</title>\n` +
+        `    <link href="${escapeHtml(entry.link)}"/>\n` +
+        `    <updated>${entry.updated.toISOString()}</updated>\n` +
+        (entry.summary ? `    <summary>${escapeHtml(entry.summary)}</summary>\n` : '') +
+        `  </entry>`,
+    )
+    .join('\n');
+  return (
+    `<?xml version="1.0" encoding="utf-8"?>\n` +
+    `<feed xmlns="http://www.w3.org/2005/Atom">\n` +
+    `  <id>${escapeHtml(feed.id)}</id>\n` +
+    `  <title>${escapeHtml(feed.title)}</title>\n` +
+    `  <link rel="self" href="${escapeHtml(feed.selfLink)}"/>\n` +
+    `  <updated>${updated.toISOString()}</updated>\n` +
+    `${entries}\n` +
+    `</feed>\n`
+  );
+}
diff --git a/apps/api/src/public/html-shell.ts b/apps/api/src/public/html-shell.ts
index 197e4c4..6a91319 100644
--- a/apps/api/src/public/html-shell.ts
+++ b/apps/api/src/public/html-shell.ts
@@ -12,11 +12,22 @@ export interface HtmlShellOptions {
   /** Plain text; escaped here. */
   title: string;
   canonical?: string;
+  /** Atom feed of the surrounding pond (issue #149), advertised to readers. */
+  feedUrl?: string;
   bodyHtml: string;
 }
 
-export function htmlDocument({ lang, title, canonical, bodyHtml }: HtmlShellOptions): string {
+export function htmlDocument({
+  lang,
+  title,
+  canonical,
+  feedUrl,
+  bodyHtml,
+}: HtmlShellOptions): string {
   const canonicalTag = canonical ? `\n<link rel="canonical" href="${escapeHtml(canonical)}">` : '';
+  const feedTag = feedUrl
+    ? `\n<link rel="alternate" type="application/atom+xml" href="${escapeHtml(feedUrl)}">`
+    : '';
   const imprintLabel = escapeHtml(apiI18n.t('legal:links.imprint', { lng: lang }));
   const privacyLabel = escapeHtml(apiI18n.t('legal:links.privacy', { lng: lang }));
   return `<!doctype html>
@@ -24,7 +35,7 @@ export function htmlDocument({ lang, title, canonical, bodyHtml }: HtmlShellOpti
 <head>
 <meta charset="utf-8">
 <meta name="viewport" content="width=device-width, initial-scale=1">
-<title>${escapeHtml(title)}</title>${canonicalTag}
+<title>${escapeHtml(title)}</title>${canonicalTag}${feedTag}
 <style>
   :root { color-scheme: light dark; }
   body { max-width: 48rem; margin: 2rem auto; padding: 0 1rem;
diff --git a/apps/api/src/public/public.controller.ts b/apps/api/src/public/public.controller.ts
index f5b8507..95822a7 100644
--- a/apps/api/src/public/public.controller.ts
+++ b/apps/api/src/public/public.controller.ts
@@ -1,8 +1,9 @@
-import { Controller, Get, Param, Req, Res } from '@nestjs/common';
+import { Controller, Get, Param, Query, Req, Res } from '@nestjs/common';
 import type { PageCommentsView } from '@dorfteich/shared';
 import type { Response } from 'express';
 
 import { AuthedRequest, Public } from '../auth/auth.guard';
+import { FeedService } from './feed.service';
 import { PublicPageContent, PublicService } from './public.service';
 
 /**
@@ -13,7 +14,41 @@ import { PublicPageContent, PublicService } from './public.service';
  */
 @Controller('public')
 export class PublicController {
-  constructor(private readonly publicPages: PublicService) {}
+  constructor(
+    private readonly publicPages: PublicService,
+    private readonly feeds: FeedService,
+  ) {}
+
+  // The feed routes come FIRST: `:pondSlug/feed.xml` would otherwise be
+  // swallowed by the `:pondSlug/:pageSlug` HTML route below (issue #149).
+  @Get(':pondSlug/feed.xml')
+  @Public()
+  async pondFeed(
+    @Param('pondSlug') pondSlug: string,
+    @Query('token') token: string | undefined,
+    @Req() request: AuthedRequest,
+    @Res({ passthrough: true }) response: Response,
+  ): Promise<string> {
+    const viewer = await this.feeds.viewerFor(request.user ?? null, token);
+    const xml = await this.feeds.pondFeed(viewer, pondSlug, baseUrlOf(request));
+    response.set('Content-Type', 'application/atom+xml; charset=utf-8');
+    return xml;
+  }
+
+  @Get(':pondSlug/:pageSlug/feed.xml')
+  @Public()
+  async pageFeed(
+    @Param('pondSlug') pondSlug: string,
+    @Param('pageSlug') pageSlug: string,
+    @Query('token') token: string | undefined,
+    @Req() request: AuthedRequest,
+    @Res({ passthrough: true }) response: Response,
+  ): Promise<string> {
+    const viewer = await this.feeds.viewerFor(request.user ?? null, token);
+    const xml = await this.feeds.pageFeed(viewer, pondSlug, pageSlug, baseUrlOf(request));
+    response.set('Content-Type', 'application/atom+xml; charset=utf-8');
+    return xml;
+  }
 
   @Get(':pondSlug/:pageSlug/content')
   @Public()
@@ -49,3 +84,7 @@ export class PublicController {
     return html;
   }
 }
+
+function baseUrlOf(request: AuthedRequest): string {
+  return `${request.protocol}://${request.get('host') ?? ''}`;
+}
diff --git a/apps/api/src/public/public.module.ts b/apps/api/src/public/public.module.ts
index c333f07..d40cc7d 100644
--- a/apps/api/src/public/public.module.ts
+++ b/apps/api/src/public/public.module.ts
@@ -1,8 +1,12 @@
 import { Module } from '@nestjs/common';
 
 import { CommentsModule } from '../comments/comments.module';
+import { PagesModule } from '../pages/pages.module';
 import { PluginsModule } from '../plugins/plugins.module';
 
+import { FeedTokensController } from './feed-tokens.controller';
+import { FeedTokensService } from './feed-tokens.service';
+import { FeedService } from './feed.service';
 import { PublicController } from './public.controller';
 import { PublicService } from './public.service';
 import { ReadContentController } from './read-content.controller';
@@ -14,8 +18,8 @@ import { ReadContentController } from './read-content.controller';
  * marks `GET /media/:fileId` public too.
  */
 @Module({
-  imports: [PluginsModule, CommentsModule],
-  controllers: [PublicController, ReadContentController],
-  providers: [PublicService],
+  imports: [PluginsModule, CommentsModule, PagesModule],
+  controllers: [PublicController, ReadContentController, FeedTokensController],
+  providers: [PublicService, FeedService, FeedTokensService],
 })
 export class PublicModule {}
diff --git a/apps/api/src/public/public.service.ts b/apps/api/src/public/public.service.ts
index 58236d5..5e052f7 100644
--- a/apps/api/src/public/public.service.ts
+++ b/apps/api/src/public/public.service.ts
@@ -173,6 +173,11 @@ export class PublicService {
       lang: await this.settings.get('instance.defaultLocale'),
       title: `${content.title} — ${content.pondName}`,
       canonical,
+      // Advertise the pond's Atom feed (issue #149) to feed readers.
+      feedUrl: new URL(
+        `/api/v1/public/${encodeURIComponent(pondSlug)}/feed.xml`,
+        canonical,
+      ).toString(),
       bodyHtml: `<p class="public-page__pond">${escapeHtml(content.pondName)}</p>
 <h1>${escapeHtml(content.title)}</h1>
 ${content.html}`,
diff --git a/apps/web/e2e/settings-nav.spec.ts b/apps/web/e2e/settings-nav.spec.ts
index 7019175..7e199fa 100644
--- a/apps/web/e2e/settings-nav.spec.ts
+++ b/apps/web/e2e/settings-nav.spec.ts
@@ -24,8 +24,8 @@ test('user settings show the jump nav and clicking scrolls + activates', async (
   const nav = page.locator('.settings-nav');
   await expect(nav).toBeVisible();
   const links = nav.locator('.settings-nav__link');
-  // Profile, password, sessions, watches, API tokens, data export.
-  await expect(links).toHaveCount(6);
+  // Profile, password, sessions, watches, API tokens, feed tokens, data export.
+  await expect(links).toHaveCount(7);
 
   // Jump to the last section: it scrolls into view and becomes active.
   const last = links.last();
diff --git a/apps/web/src/api-tokens/FeedTokensSection.tsx b/apps/web/src/api-tokens/FeedTokensSection.tsx
new file mode 100644
index 0000000..30256d5
--- /dev/null
+++ b/apps/web/src/api-tokens/FeedTokensSection.tsx
@@ -0,0 +1,115 @@
+import type { FeedTokenCreatedView, FeedTokenView } from '@dorfteich/shared';
+import { useQuery, useQueryClient } from '@tanstack/react-query';
+import { useState } from 'react';
+import { useTranslation } from 'react-i18next';
+
+import { FormError } from '../components/forms';
+import { apiDelete, apiGet, apiPost } from '../lib/api';
+
+const FEED_TOKENS_QUERY_KEY = ['users', 'me', 'feed-tokens'] as const;
+
+/**
+ * Feed-token management in the user settings (issue #149): create, the
+ * one-time secret reveal with a ready-to-paste feed URL, and the list with
+ * delete. Feed tokens are read-only and only authenticate the Atom feeds.
+ */
+export function FeedTokensSection(): React.JSX.Element {
+  const { t, i18n } = useTranslation('apiTokens');
+  const queryClient = useQueryClient();
+  const [name, setName] = useState('');
+  const [created, setCreated] = useState<FeedTokenCreatedView | null>(null);
+  const [error, setError] = useState<unknown>(null);
+  const [busy, setBusy] = useState(false);
+
+  const tokens = useQuery({
+    queryKey: FEED_TOKENS_QUERY_KEY,
+    queryFn: () => apiGet<FeedTokenView[]>('/users/me/feed-tokens'),
+  });
+  const invalidate = () => queryClient.invalidateQueries({ queryKey: FEED_TOKENS_QUERY_KEY });
+
+  const submit = async (event: React.FormEvent): Promise<void> => {
+    event.preventDefault();
+    setError(null);
+    setCreated(null);
+    setBusy(true);
+    try {
+      const view = await apiPost<FeedTokenCreatedView>('/users/me/feed-tokens', { name });
+      setCreated(view);
+      setName('');
+      await invalidate();
+    } catch (err) {
+      setError(err);
+    } finally {
+      setBusy(false);
+    }
+  };
+
+  const remove = async (id: string): Promise<void> => {
+    await apiDelete(`/users/me/feed-tokens/${id}`);
+    await invalidate();
+  };
+
+  const formatTime = (iso: string): string =>
+    new Intl.DateTimeFormat(i18n.language, { dateStyle: 'medium' }).format(new Date(iso));
+
+  return (
+    <section className="settings-section api-tokens">
+      <h2>{t('feed.title')}</h2>
+      <p className="api-tokens__intro">{t('feed.intro')}</p>
+      <form className="api-tokens__create" onSubmit={(event) => void submit(event)}>
+        <FormError error={error} />
+        <label>
+          {t('fields.name')}
+          <input
+            type="text"
+            value={name}
+            required
+            maxLength={80}
+            onChange={(event) => setName(event.target.value)}
+          />
+        </label>
+        <button type="submit" className="button" disabled={busy}>
+          {t('feed.create')}
+        </button>
+      </form>
+      {created && (
+        <div className="api-tokens__reveal" role="status">
+          <p>{t('feed.revealHint')}</p>
+          <code className="api-tokens__secret">{created.token}</code>
+          <p className="api-tokens__hint">
+            {t('feed.urlHint', {
+              url: `${window.location.origin}/api/v1/public/<${t('feed.pondPlaceholder')}>/feed.xml?token=${created.token}`,
+            })}
+          </p>
+        </div>
+      )}
+      {tokens.data && tokens.data.length === 0 && <p>{t('feed.empty')}</p>}
+      {tokens.data && tokens.data.length > 0 && (
+        <table className="table">
+          <thead>
+            <tr>
+              <th>{t('fields.name')}</th>
+              <th>{t('list.created')}</th>
+              <th>{t('list.lastUsed')}</th>
+              <th></th>
+            </tr>
+          </thead>
+          <tbody>
+            {tokens.data.map((token) => (
+              <tr key={token.id}>
+                <td>{token.name}</td>
+                <td>{formatTime(token.createdAt)}</td>
+                <td>{token.lastUsedAt ? formatTime(token.lastUsedAt) : '—'}</td>
+                <td>
+                  <button type="button" className="linklike" onClick={() => void remove(token.id)}>
+                    {t('feed.delete')}
+                  </button>
+                </td>
+              </tr>
+            ))}
+          </tbody>
+        </table>
+      )}
+    </section>
+  );
+}
diff --git a/apps/web/src/pages/SettingsPage.tsx b/apps/web/src/pages/SettingsPage.tsx
index e2b8425..9ebd8df 100644
--- a/apps/web/src/pages/SettingsPage.tsx
+++ b/apps/web/src/pages/SettingsPage.tsx
@@ -11,6 +11,7 @@ import { SettingsLayout } from '../components/SettingsLayout';
 import { useDataExport } from '../export/use-data-export';
 import { apiDelete, apiGet, apiPatch, apiPost } from '../lib/api';
 import { ApiTokensSection } from '../api-tokens/ApiTokensSection';
+import { FeedTokensSection } from '../api-tokens/FeedTokensSection';
 import { WatchesSection } from '../watches/WatchesSection';
 
 interface SessionView {
@@ -32,6 +33,7 @@ export function SettingsPage(): React.JSX.Element {
         <SessionsSection />
         <WatchesSection />
         <ApiTokensSection />
+        <FeedTokensSection />
         <DataExportSection />
       </SettingsLayout>
     </>
diff --git a/docs/de/manual/user-guide.md b/docs/de/manual/user-guide.md
index ab815c3..33be5cd 100644
--- a/docs/de/manual/user-guide.md
+++ b/docs/de/manual/user-guide.md
@@ -166,7 +166,8 @@ eine Teich-Einstellung.
 Profil (Anzeigename, E-Mail, Sprache, Beobachten-Voreinstellungen,
 Digest-Frequenz), Passwort, aktive Sitzungen, deine beobachteten Seiten
 und Teiche, **API-Tokens** (für Skripte und KI-Assistenten — siehe das
-[API-Handbuch](api-guide.md) und das [MCP-Handbuch](mcp-guide.md)) und
+[API-Handbuch](api-guide.md) und das [MCP-Handbuch](mcp-guide.md)), **Feed-Tokens** (nur-lesend, für
+Atom-Feeds nicht-öffentlicher Teiche) und
 **Meine Daten exportieren**: ein ZIP mit deinen Profildaten und dem
 vollständigen Inhalt deiner eigenen Teiche.
 
@@ -175,3 +176,15 @@ vollständigen Inhalt deiner eigenen Teiche.
 Hat ein Teich-Admin eine Seite öffentlich geschaltet, ist sie ohne Konto
 unter `/public/<teich>/<seite>` lesbar — mit der Typografie des Teichs
 und einem Link auf die Rechtsseiten der Instanz.
+
+## Feeds (Atom)
+
+Jeder Teich hat einen Atom-Feed seiner zuletzt angelegten und geänderten
+Seiten unter `/api/v1/public/<teich>/feed.xml`, jede Seite einen Feed
+ihrer Versions-Historie unter `/api/v1/public/<teich>/<seite>/feed.xml`
+(Issue #149). Öffentliche Teiche liefern sie ohne Konto — öffentliche
+Seiten machen den Teich-Feed für Feedreader auch per `<link>` bekannt.
+Für nicht-öffentliche Teiche legst du unter _Einstellungen →
+Feed-Tokens_ ein **Feed-Token** an und hängst es als `?token=dt_feed_…`
+an die URL — Feed-Tokens sind nur-lesend und authentifizieren
+ausschließlich Feeds, nie die API.
diff --git a/docs/manual/user-guide.md b/docs/manual/user-guide.md
index ca7fe90..2483a07 100644
--- a/docs/manual/user-guide.md
+++ b/docs/manual/user-guide.md
@@ -148,7 +148,8 @@ only editors may comment is a pond setting.
 Profile (display name, e-mail, language, watch defaults, digest
 frequency), password, active sessions, your watches, **API tokens** (for
 scripts and AI assistants — see the [API guide](api-guide.md) and
-[MCP guide](mcp-guide.md)), and **data export**: a ZIP with your profile
+[MCP guide](mcp-guide.md)), **feed tokens** (read-only, for Atom
+feeds of non-public ponds), and **data export**: a ZIP with your profile
 data and the full content of your own ponds.
 
 ## Public pages
@@ -156,3 +157,14 @@ data and the full content of your own ponds.
 If a pond admin has published a page for the public, it is readable
 without an account at `/public/<pond>/<page>` — with the pond's
 typography and a link to the instance's legal pages.
+
+## Feeds (Atom)
+
+Every pond has an Atom feed of its recently created and updated pages at
+`/api/v1/public/<pond>/feed.xml`, and every page has a feed of its
+version history at `/api/v1/public/<pond>/<page>/feed.xml` (issue #149).
+Public ponds serve them without an account — public pages also advertise
+the pond feed to feed readers. For non-public ponds, create a **feed
+token** under _Settings → Feed tokens_ and append it to the URL as
+`?token=dt_feed_…` — feed tokens are read-only and only ever
+authenticate feeds, never the API.
diff --git a/packages/shared/i18n/de/apiTokens.json b/packages/shared/i18n/de/apiTokens.json
index cf2b0d6..4111133 100644
--- a/packages/shared/i18n/de/apiTokens.json
+++ b/packages/shared/i18n/de/apiTokens.json
@@ -51,5 +51,15 @@
     "saved": "Gespeichert.",
     "mcpLabel": "Eingebauten MCP-Endpoint aktivieren",
     "mcpHint": "Hauptschalter (standardmäßig aus), unabhängig von der REST-API. MCP-Clients verbinden sich mit einem API-Token auf /api/mcp; jeder Teich gibt sich zusätzlich über seine Teich-Einstellungen frei. Siehe docs/self-hosting/public-api.md."
+  },
+  "feed": {
+    "title": "Feed-Tokens",
+    "intro": "Nur-Lese-Tokens für Atom-Feeds: Hänge ?token=… an eine Feed-URL, damit dein Feedreader auch nicht-öffentliche Teiche und Seiten abonnieren kann. API-Zugriff gewähren sie nie.",
+    "create": "Feed-Token erstellen",
+    "revealHint": "Kopiere das Token jetzt — es wird nur einmal angezeigt.",
+    "urlHint": "Beispiel-Feed-URL: {{url}}",
+    "pondPlaceholder": "teich",
+    "empty": "Noch keine Feed-Tokens.",
+    "delete": "Löschen"
   }
 }
diff --git a/packages/shared/i18n/en/apiTokens.json b/packages/shared/i18n/en/apiTokens.json
index 2b1fc4a..e5ca2f5 100644
--- a/packages/shared/i18n/en/apiTokens.json
+++ b/packages/shared/i18n/en/apiTokens.json
@@ -51,5 +51,15 @@
     "saved": "Saved.",
     "mcpLabel": "Enable the built-in MCP endpoint",
     "mcpHint": "Master switch (default off), independent of the REST API. MCP clients connect to /api/mcp with an API token; each pond additionally opts in via its pond settings. See docs/self-hosting/public-api.md."
+  },
+  "feed": {
+    "title": "Feed tokens",
+    "intro": "Read-only tokens for Atom feeds: append ?token=… to a feed URL so your feed reader can subscribe to non-public ponds and pages. They never grant API access.",
+    "create": "Create feed token",
+    "revealHint": "Copy the token now — it is only shown once.",
+    "urlHint": "Example feed URL: {{url}}",
+    "pondPlaceholder": "pond",
+    "empty": "No feed tokens yet.",
+    "delete": "Delete"
   }
 }
diff --git a/packages/shared/src/feed-tokens.ts b/packages/shared/src/feed-tokens.ts
new file mode 100644
index 0000000..b5952cc
--- /dev/null
+++ b/packages/shared/src/feed-tokens.ts
@@ -0,0 +1,27 @@
+import { z } from 'zod';
+
+/**
+ * Feed tokens (issue #149): read-only secrets (`dt_feed_…`) carried as a
+ * query parameter in Atom feed URLs, so feed readers can subscribe to
+ * non-public ponds and pages. Managed in the user settings; deliberately
+ * narrower than API tokens — they only ever authenticate the feed endpoints.
+ */
+
+export const FEED_TOKEN_PREFIX = 'dt_feed_';
+
+export interface FeedTokenView {
+  id: string;
+  name: string;
+  lastUsedAt: string | null;
+  createdAt: string;
+}
+
+/** Returned once at creation — the secret is never shown again. */
+export interface FeedTokenCreatedView extends FeedTokenView {
+  token: string;
+}
+
+export const createFeedTokenInputSchema = z.object({
+  name: z.string().trim().min(1, 'validation.required').max(80, 'validation.tooLong'),
+});
+export type CreateFeedTokenInput = z.infer<typeof createFeedTokenInputSchema>;
diff --git a/packages/shared/src/index.ts b/packages/shared/src/index.ts
index 71a1ab9..900b450 100644
--- a/packages/shared/src/index.ts
+++ b/packages/shared/src/index.ts
@@ -1,5 +1,6 @@
 export * from './admin-users';
 export * from './api-tokens';
+export * from './feed-tokens';
 export * from './api-error';
 export * from './auth';
 export * from './backup-set';