I see 111% apr on syn/frax pool, on frax.convex. But

Question

I see 111% apr on syn/frax pool, on frax.convex. But

the tvl is low, less then 100k. Also, on frax app I see same pool with much lower apr, around 45%. Could some good soul explain to me the difference and what farm is "the right one"?
Also, is frax dao farming the pool?
Last time I entered the pool apr soon dropped from 45% to less then 10%, after the dao LP position was staked.

#cryptocurrency #english #frax

0

06.09.2022

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petar🫐 Автор вопроса

Grills
I think it's simply for the fact that people have ...

I get that. Few weeks ago I staked at frax app because of high apr. But, during that night, frax dao staked its LP position and apr dropped hard. So I am reluctant to stake again, in fear something similar will happen

0

06.09.2022

Grills · Accepted Answer

Grills

I think it's simply for the fact that people have to buy SYN to be able to stake into the pool and that's a volatile asset. It could drop quite hard and if that happens the high apr still might not make up for the loss

0

06.09.2022

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