I Looked Beyond the APR on Two STON.fi Pools
I was exploring STON.fi’s Pools section when I found two pools that looked completely different.
The first was MAJOR/GRAM.
When I checked it, the pool showed:
60.76% 24h APR
54.44% 7d APR
53.72% 30d APR
It also had around $130.55K TVL and $30.95K in 24h volume.
The high APR obviously caught my attention, but I wanted to see whether the other numbers told a similar story.
Then I opened STORM/GRAM.
This one showed:
0.52% 24h Pool APR
0.62% 7d APR
1.24% 30d APR
with around $306.18K TVL and $2.16K 24h volume.
But there was another number on the page:
Ongoing Farm — 21.62%
That was probably the most interesting part of the comparison.
The farm incentive and regular Pool APR aren’t the same thing.
So seeing a percentage on a pool page doesn’t necessarily mean it represents the same type of return.
This made me more careful about how I read DeFi pool pages.
Now, when I see a high percentage, I want to understand:
* What does the percentage represent?
* Is it the regular Pool APR or a separate farm incentive?
* How do the 7-day and 30-day figures look?
* What’s the TVL?
* What’s the recent volume?
* What assets are in the pair?
I haven’t provided liquidity to either pool. I was simply exploring the interface and comparing what was displayed.
And that was enough to remind me:
Don’t chase the number. Understand the number first.
@ston_fi
#STONfi #TON #defi
I was exploring STON.fi’s Pools section when I found two pools that looked completely different.
The first was MAJOR/GRAM.
When I checked it, the pool showed:
60.76% 24h APR
54.44% 7d APR
53.72% 30d APR
It also had around $130.55K TVL and $30.95K in 24h volume.
The high APR obviously caught my attention, but I wanted to see whether the other numbers told a similar story.
Then I opened STORM/GRAM.
This one showed:
0.52% 24h Pool APR
0.62% 7d APR
1.24% 30d APR
with around $306.18K TVL and $2.16K 24h volume.
But there was another number on the page:
Ongoing Farm — 21.62%
That was probably the most interesting part of the comparison.
The farm incentive and regular Pool APR aren’t the same thing.
So seeing a percentage on a pool page doesn’t necessarily mean it represents the same type of return.
This made me more careful about how I read DeFi pool pages.
Now, when I see a high percentage, I want to understand:
* What does the percentage represent?
* Is it the regular Pool APR or a separate farm incentive?
* How do the 7-day and 30-day figures look?
* What’s the TVL?
* What’s the recent volume?
* What assets are in the pair?
I haven’t provided liquidity to either pool. I was simply exploring the interface and comparing what was displayed.
And that was enough to remind me:
Don’t chase the number. Understand the number first.
@ston_fi
#STONfi #TON #defi