I do understand what you are saying. But perhaps my confusion is better explained by providing an example. In practice, what I will do is just offer up some liquidity and see how it runs for a day and then do a projection based off of that and in this case, I found that projects like MIRA, NMKR and CBLP tracked really nicely to the stated APR. I only look at a token APR and don't care about the transaction fees (hovering over total APR to get the breakdown). I also take into consideration my % position in the overall pool. As an example of one I found not to track well, look at RAKER. Not throwing anyone under the bus but I find this one interesting. Raker is claiming almost 90% APR in token APR, daily emissions of only 83399. So maybe those tokens are very expensive? However, that only turns out to be around 84000ADA/day exchange. I did a test anyway to provide some liquidity and then project off of actual earnings and found that it was very very low (again taking into consideration my pool position). So my question is more about what is this APR actually based on? Why the discrepancy between projects? Not sure if I am making sense. At the end of the day, it comes down to what works in a practical manner and I have found through experience that not all advertised APRs are the same.
August 3, 2026
