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Moons approach $1m in TVL on Sushiswap pool as reward APR increases to 69%

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by COINS NEWS 76 Views

Giggity.

Currently, people who deposit liquidity in the Sushiswap Moons-ETH liquidity pool can stake their LP Tokens and receive a share of 3,250 Moons per day (meaning if you hold 10% of liquidity you get 325 Moons per day!)

Right now, Moons TVL is on $937,000, which is made up of nearly 1 million Moons and 253 ETH.

The rewards for providing liquidity have increased due to CCIP-066 which means 5% of the community balance of Moons is given away as LP rewards every month. In addition, Sushi fixed a bug that was withholding some Moons from being distributed as rewards so there is now a double whammy effect going on. Moon rewards have shot up from 1.5k moons to 3.2k moons per day!

It’s a good time to provide liquidity, folks!

submitted by /u/TNGSystems
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