03-06-2023, 05:30 AM
We just became the second largest pool on SushiSwap for the Arbitrum Nova Network. W
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11j6v29/we_just_became_the_second_largest_pool_on/"> <img src="https://b.thumbs.redditmedia.com/-kQ3IPBLagutuPafU_EFNVfhtgF0WRjjkfmwR5kPtPU.jpg" alt="We just became the second largest pool on SushiSwap for the Arbitrum Nova Network. With rewards from CCIP-051 currently sitting at 45% APR and total APR at 57%." title="We just became the second largest pool on SushiSwap for the Arbitrum Nova Network. With rewards from CCIP-051 currently sitting at 45% APR and total APR at 57%." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Moons/ETH just became the second largest pool on SushiSwap for the Arbitrum Nova network, after flipping the USDC/DAI pool.</p> <p><a href="https://preview.redd.it/o40nvznuqyla1.png?width=1479&format=png&auto=webp&s=618a1ef63302ceac02da796080d1a994e6205171">https://www.sushi.com/earn/arb-nova:0xd6c821b282531868721b41badca1f1ce471f43c5</a></p> <p>Liquidity has been growing since CCIP-051 was announced. We had 23 WETH in liquidity when rewards were first announced and we're now up to ~76 WETH in liquidity.</p> <p><a href="https://preview.redd.it/g1oejzoiiyla1.png?width=1728&format=png&auto=webp&s=f7e6b631fc3e7b0a44c1cb577144439ff97c0c54">Graph provided by /u/maxx3141</a></p> <p>We need TVL to grow another roughly 50% to surpass the ETH/USDC pool and become the largest Pool on Sushiswap for the Arbitrum Nova network.</p> <p>The APR for the <a href="https://www.sushi.com/earn/arb-nova:0xd6c821b282531868721b41badca1f1ce471f43c5">Moon/ETH Pool</a> is 57% and is broken down by the following rewards:</p> <ul> <li><strong>CCIP-051 rewards:</strong> 45%</li> <li><strong>Sushi rewards:</strong> 2%</li> <li><strong>Trading Fees:</strong> 10%</li> </ul> <p>--------------------------------------------</p> <p>If you want to provide liquidity <del>(to help Moons flip the ETH/USDC pool)</del> to take advantage of the rewards, you can check out out <a href="https://np.reddit.com/r/CryptoCurrency/comments/1140y3e/the_complete_and_extensive_guide_for_getting_your/">this guide</a>.</p> <p>If you want to provide liquidity but are worried about being wrecked by impermanent loss you can check out <a href="https://np.reddit.com/r/CryptoCurrency/comments/11b6a6g/an_indepth_yet_simple_guide_to_help_you/">this informative post</a> to help understand impermanent loss, and what you can do to minimize the risk/impact.</p> <p>--------------------------------------------</p> <p><strong>VERY IMPORTANT:</strong> If you are currently providing liquidity make sure you are staking your liquidity tokens to be eligible for CCIP-051 rewards and Sushi rewards. Currently 20% of liquidity on SushiSwap is not staked and therefore is not earning CCIP-051 rewards and Sushi rewards. Step 6 of <a href="https://np.reddit.com/r/CryptoCurrency/comments/1140y3e/the_complete_and_extensive_guide_for_getting_your/">this guide</a> will tell you how to stake your liquidity tokens.</p> <p>Of course APR from set rewards will drop as more liquidity is added.</p> <p>--------------------------------------------</p> <p>EDIT: APR for CCIP-051 is so high because liquidity is so low. The rewards provide an extra 1,260 Moons a day - That's an extra 459,900 Moons over a year. <sup>If leftover mod rewards don't change.</sup></p> <p>With the circulating supply at 106M Moons. <strong>That's less than a .5% increase from the liquidity rewards over the course of a year.</strong> It's 46% because liquidity is so low. If liquidity quadruples rewards will drop to 11.5%.</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/11j6v29/we_just_became_the_second_largest_pool_on/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11j6v29/we_just_became_the_second_largest_pool_on/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11j6v29/we_just_became_the_second_largest_pool_on/"> <img src="https://b.thumbs.redditmedia.com/-kQ3IPBLagutuPafU_EFNVfhtgF0WRjjkfmwR5kPtPU.jpg" alt="We just became the second largest pool on SushiSwap for the Arbitrum Nova Network. With rewards from CCIP-051 currently sitting at 45% APR and total APR at 57%." title="We just became the second largest pool on SushiSwap for the Arbitrum Nova Network. With rewards from CCIP-051 currently sitting at 45% APR and total APR at 57%." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Moons/ETH just became the second largest pool on SushiSwap for the Arbitrum Nova network, after flipping the USDC/DAI pool.</p> <p><a href="https://preview.redd.it/o40nvznuqyla1.png?width=1479&format=png&auto=webp&s=618a1ef63302ceac02da796080d1a994e6205171">https://www.sushi.com/earn/arb-nova:0xd6c821b282531868721b41badca1f1ce471f43c5</a></p> <p>Liquidity has been growing since CCIP-051 was announced. We had 23 WETH in liquidity when rewards were first announced and we're now up to ~76 WETH in liquidity.</p> <p><a href="https://preview.redd.it/g1oejzoiiyla1.png?width=1728&format=png&auto=webp&s=f7e6b631fc3e7b0a44c1cb577144439ff97c0c54">Graph provided by /u/maxx3141</a></p> <p>We need TVL to grow another roughly 50% to surpass the ETH/USDC pool and become the largest Pool on Sushiswap for the Arbitrum Nova network.</p> <p>The APR for the <a href="https://www.sushi.com/earn/arb-nova:0xd6c821b282531868721b41badca1f1ce471f43c5">Moon/ETH Pool</a> is 57% and is broken down by the following rewards:</p> <ul> <li><strong>CCIP-051 rewards:</strong> 45%</li> <li><strong>Sushi rewards:</strong> 2%</li> <li><strong>Trading Fees:</strong> 10%</li> </ul> <p>--------------------------------------------</p> <p>If you want to provide liquidity <del>(to help Moons flip the ETH/USDC pool)</del> to take advantage of the rewards, you can check out out <a href="https://np.reddit.com/r/CryptoCurrency/comments/1140y3e/the_complete_and_extensive_guide_for_getting_your/">this guide</a>.</p> <p>If you want to provide liquidity but are worried about being wrecked by impermanent loss you can check out <a href="https://np.reddit.com/r/CryptoCurrency/comments/11b6a6g/an_indepth_yet_simple_guide_to_help_you/">this informative post</a> to help understand impermanent loss, and what you can do to minimize the risk/impact.</p> <p>--------------------------------------------</p> <p><strong>VERY IMPORTANT:</strong> If you are currently providing liquidity make sure you are staking your liquidity tokens to be eligible for CCIP-051 rewards and Sushi rewards. Currently 20% of liquidity on SushiSwap is not staked and therefore is not earning CCIP-051 rewards and Sushi rewards. Step 6 of <a href="https://np.reddit.com/r/CryptoCurrency/comments/1140y3e/the_complete_and_extensive_guide_for_getting_your/">this guide</a> will tell you how to stake your liquidity tokens.</p> <p>Of course APR from set rewards will drop as more liquidity is added.</p> <p>--------------------------------------------</p> <p>EDIT: APR for CCIP-051 is so high because liquidity is so low. The rewards provide an extra 1,260 Moons a day - That's an extra 459,900 Moons over a year. <sup>If leftover mod rewards don't change.</sup></p> <p>With the circulating supply at 106M Moons. <strong>That's less than a .5% increase from the liquidity rewards over the course of a year.</strong> It's 46% because liquidity is so low. If liquidity quadruples rewards will drop to 11.5%.</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/11j6v29/we_just_became_the_second_largest_pool_on/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11j6v29/we_just_became_the_second_largest_pool_on/">[comments]</a></span> </td></tr></table>