up but DFI stays still. Your total pooled amount goes up, yet the DFI reward per block doesn't change. So the APR has to go down right? Since the reward per block cannot follow the new value with the current APR. Then the reverse would be true too.... therefore, the counterparty asset (BTC/ETH/USDC/etc.) directly affects LM APR?
Are you relating your thoughts based on Fiat value or based on the shares and hence the rewards of the pool? APR is based on amount of DFI you receive independently of any fiat value, or do I understand it wrong?
You enlightened me! Of course I was thinking in fiat value, this was the problem. I just explained in a super complicated way why your DFI/BTC ratio constently changes in the pool. On this, I can finally go to sleep!
Yes if you have 1 BTC-DFI you keep 1 BTC-DFI. Only the (inner) balances of DFI and BTC and the fiat value of the 1 BTC-DFI change.
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