pool with $5 billion USD in reserves and $50m daily volume.
Not from volume 😃
I’m looking at the stETH/ETH pool, and apparently the base vAPY includes stETH staking rewards. Base vAPY is 2.22% but Lido’s website shows 3.9% APR. Mind explaining why vAPY is lower?
The staking reward is divided by 2, since only half of the LP is stETH
Ah right. So if the base vAPY is 2.22% and Lido is 3.9% APR, then vAPY is 1.95% (3.9% / 2) from staking + 0.27% from trading fees?
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