02-18-2023, 07:33 AM
Moon Rewards for liquidity holders from CCIP-051 (if live now) would pay out 88% APR
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/114nah5/moon_rewards_for_liquidity_holders_from_ccip051/"> <img src="https://b.thumbs.redditmedia.com/OFpWlXvknoYjn6GBYY63TURO8p5lNp71jlDIF4k7hus.jpg" alt="Moon Rewards for liquidity holders from CCIP-051 (if live now) would pay out 88% APR on top of regular rewards from fees" title="Moon Rewards for liquidity holders from CCIP-051 (if live now) would pay out 88% APR on top of regular rewards from fees" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>CCIP-051 appears that it will pass and now it's only a question of how exactly will it be implemented and what will rewards look like when it does? So I was running some quick number based off current numbers in the liquidity pool, it looks like the APR from CCIP-051 is just over 88% (this will likely drop)</p> <h1>Important numbers:</h1> <p>SushiPool currently contains 287K Moons and 38.31 ETH at current price of moons this is equal to roughly 574K moons. </p> <p>39K moons would get distributed from last snapshot (this number will change) X 13 Snapshots in a year = 507K moon distributed a year</p> <p>507K/574K = 88% APR (not compounding) </p> <p>At the current price of Moons, last amount of leftover Moons, size of liquidity Pool below is a breakdown of potential moon rewards over a year</p> <p><a href="https://preview.redd.it/jgr8kjbohria1.png?width=890&format=png&auto=webp&s=5a3ad13c52387af12418fa561b90043893d90be8">Moon Rewards are over a year and likely to change for reasons below*</a></p> <h1>The follow things can change the value/amount of rewards</h1> <ul> <li>Changes in leftover mod Moon Rewards (should naturally drop over time)</li> <li>Decrease in the value of Moons </li> <li>An increase in the size of the liquidity Pool. (will cause you to need more assets to have the same percent ownership of the pool) </li> </ul> <p>------------------------------------------</p> <p>But as it currently stands rewards from CCIP-051 are at an estimated 88% annually. </p> <p>Please know providing liquidity creates the risk of impermanent loss and potential for losses from exploits of the liquidity pool.</p> <p>If you would like to know how to provide Liquidity for SushiSwap, I made an incredibly detailed guide - you can find that <a href="https://np.reddit.com/r/CryptoCurrency/comments/1140y3e/the_complete_and_extensive_guide_for_getting_your/">here</a>.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GabeSter"> /u/GabeSter </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/114nah5/moon_rewards_for_liquidity_holders_from_ccip051/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/114nah5/moon_rewards_for_liquidity_holders_from_ccip051/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/114nah5/moon_rewards_for_liquidity_holders_from_ccip051/"> <img src="https://b.thumbs.redditmedia.com/OFpWlXvknoYjn6GBYY63TURO8p5lNp71jlDIF4k7hus.jpg" alt="Moon Rewards for liquidity holders from CCIP-051 (if live now) would pay out 88% APR on top of regular rewards from fees" title="Moon Rewards for liquidity holders from CCIP-051 (if live now) would pay out 88% APR on top of regular rewards from fees" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>CCIP-051 appears that it will pass and now it's only a question of how exactly will it be implemented and what will rewards look like when it does? So I was running some quick number based off current numbers in the liquidity pool, it looks like the APR from CCIP-051 is just over 88% (this will likely drop)</p> <h1>Important numbers:</h1> <p>SushiPool currently contains 287K Moons and 38.31 ETH at current price of moons this is equal to roughly 574K moons. </p> <p>39K moons would get distributed from last snapshot (this number will change) X 13 Snapshots in a year = 507K moon distributed a year</p> <p>507K/574K = 88% APR (not compounding) </p> <p>At the current price of Moons, last amount of leftover Moons, size of liquidity Pool below is a breakdown of potential moon rewards over a year</p> <p><a href="https://preview.redd.it/jgr8kjbohria1.png?width=890&format=png&auto=webp&s=5a3ad13c52387af12418fa561b90043893d90be8">Moon Rewards are over a year and likely to change for reasons below*</a></p> <h1>The follow things can change the value/amount of rewards</h1> <ul> <li>Changes in leftover mod Moon Rewards (should naturally drop over time)</li> <li>Decrease in the value of Moons </li> <li>An increase in the size of the liquidity Pool. (will cause you to need more assets to have the same percent ownership of the pool) </li> </ul> <p>------------------------------------------</p> <p>But as it currently stands rewards from CCIP-051 are at an estimated 88% annually. </p> <p>Please know providing liquidity creates the risk of impermanent loss and potential for losses from exploits of the liquidity pool.</p> <p>If you would like to know how to provide Liquidity for SushiSwap, I made an incredibly detailed guide - you can find that <a href="https://np.reddit.com/r/CryptoCurrency/comments/1140y3e/the_complete_and_extensive_guide_for_getting_your/">here</a>.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GabeSter"> /u/GabeSter </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/114nah5/moon_rewards_for_liquidity_holders_from_ccip051/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/114nah5/moon_rewards_for_liquidity_holders_from_ccip051/">[comments]</a></span> </td></tr></table>