MOON/ETH liquidity reaches 500k$ on SushiSwap
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The largest Moon liquidity pool, the MOON/WETH pair on SushiSwap, now has over half a million USD in value locked!
TVL (Total value locked) in the last year
Here you can see the development of the pair from start of the year I reconstructed from the blockchain history:
Locked WETH / MOON liquidity since start of the year
On January 1, liquidity was at about 13.061 ETH and 203k Moons – while writing this post we stand at 144.997 ETH and 812k Moons.
The amount of locked ETH increased by a factor of 11x, or by over 1000%.
The total APR of the pair is now at 38.65%, from which 30.27% are contributed from the rewards of CCIP-051. If you consider providing liquidity, get familiar with Impermanent Loss first and remember you are only allowed to remove 25% of your moons from your vault before getting a penalty on your future moon distributions.
submitted by /u/Maxx3141
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