because on convex it shows 10.08% APY for tricrypt... @beefyfinance

Asked 1084 days ago
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because on convex it shows 10.08% APY for tricrypto vault and on beefy it shows 9.69% apy

asked 1084 days ago

1 Answers

The difference in APY between Convex and Beefy for Tricrypto Vault is due to the fact that Convex has an additional performance fee. This performance fee is a percentage of the returns generated by the Tricrypto Vault and is taken out of the total returns. This means that the APY on Convex is slightly lower than on Beefy due to the performance fee. It is important to note that this performance fee is only taken out of the returns, not the initial investment, so it is important to factor this into any decision you make when investing in Tricrypto Vault.
answered 1084 days ago
0
We have a performance fee
answered 1084 days ago

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