What DEX gives high APY on its liquidity pool?

muncuss

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Quote from: nelson4lov on June 23, 2024, 05:50:40 PM

Have anyone tried out those pools on dedust yet? I've always liked to think that the days of yield farming are over and if what @Cryptoababe said is correct — about rewards on the APY being paid on fees generated for trades, then the trading volume and activity needs to be very high. It's only $9.1m volume in past 24hrs on Coingecko. The farms are attractive Ngl but I don't really know much about TON ecosystem so I'm just going to skip it for now.

For anyone that wants to get in, not just on Dedust, ensure that the platform has been thoroughly audited before you go about providing liquidity for those yields.

it was 170% but now lower. TON is like on fire now with number of project and coin popped up daily and it is still in early phase of growth to become big blockchain ecosystem. Stupidly big potential if you ask me

nelson4lov

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Have anyone tried out those pools on dedust yet? I've always liked to think that the days of yield farming are over and if what @Cryptoababe said is correct — about rewards on the APY being paid on fees generated for trades, then the trading volume and activity needs to be very high. It's only $9.1m volume in past 24hrs on Coingecko. The farms are attractive Ngl but I don't really know much about TON ecosystem so I'm just going to skip it for now.

For anyone that wants to get in, not just on Dedust, ensure that the platform has been thoroughly audited before you go about providing liquidity for those yields.

Cryptoababe

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Quote from: muncuss on June 22, 2024, 06:27:56 PM

I only know dedust which gives ~80% on TON/USDT. Do you know more pair which gives better than it? I want established coin only so i wont put like HYDRA/TON even thought it gives ~800%

or maybe you know where to find this kind of info?

I believe they are distributing APR based on the transaction fees generated. Not many people seem to be using the DEX on TON network, so the APR might be high among the few users.

I also searched the top DEXs on the TON network on Google, and dedust appears to be at the top. So, It's likely safer to use the TON/USDT liquidity pool, as the other options are mostly tokens or memecoins on the network which can potentially drop in value and reduce your LP value.

sunsilk

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I don't know any but I'd just want to give a reminder that not all of these dex will certainly retain that high APY that they're projecting upon you find them out.

The more investors and people gets into their platform and stake their tons or whichever tokens/coins that they'd do, the percentage will significantly drop.

And to be honest, I'm scared with these platforms giving that high percentage.

muncuss

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I only know dedust which gives ~80% on TON/USDT. Do you know more pair which gives better than it? I want established coin only so i wont put like HYDRA/TON even thought it gives ~800%

or maybe you know where to find this kind of info?

Topic: What DEX gives high APY on its liquidity pool? (Read 74 times)