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%.
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Moons/ETH just became the second largest pool on SushiSwap for the Arbitrum Nova network, after flipping the USDC/DAI pool.
https://www.sushi.com/earn/arb-nova:0xd6c821b282531868721b41badca1f1ce471f43c5
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.
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.
The APR for the Moon/ETH Pool is 57% and is broken down by the following rewards:
CCIP-051 rewards: 45% Sushi rewards: 2% Trading Fees: 10%
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If you want to provide liquidity (to help Moons flip the ETH/USDC pool) to take advantage of the rewards, you can check out out this guide.
If you want to provide liquidity but are worried about being wrecked by impermanent loss you can check out this informative post to help understand impermanent loss, and what you can do to minimize the risk/impact.
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VERY IMPORTANT: 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 this guide will tell you how to stake your liquidity tokens.
Of course APR from set rewards will drop as more liquidity is added.
submitted by /u/GabeSter
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