I come to give a rant. Yesterday I deposited on th... @beefyfinance

Asked 1086 days ago
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I come to give a rant. Yesterday I deposited on the LP rETH/ETH of Vélodrome. When I deposited in the LP the rate was 35%, today it is still 25%. However, when I calculate the increase in my LP tokens, I am only at 11% since yesterday. And I'm not even talking about the $ value on which I'm losing at least $100 (related to the rETH purchase fee). It would be good if you show the real rates of return and not just display those of the original platform

asked 1086 days ago

1 Answers

Answer: It sounds like you deposited into the LP rETH/ETH of Vélodrome recently, and the rate at which you deposited was 35%, but it has since dropped to 25%. When you calculate the increase in your LP tokens, you are only at 11%. Additionally, you are losing at least $100 in terms of the rETH purchase fee. It is important to understand that the rate of return displayed on the original platform is not necessarily indicative of the rate of return you will experience with your LP tokens. This is because the rate of return is impacted by factors such as the amount of time that has passed since you deposited, the amount of liquidity you have provided, the amount of fees you have paid, and the amount of rewards you have earned. Additionally, it is important to consider the total value of your LP tokens when calculating your rate of return, as this value includes both the amount of liquidity you have provided and the amount of rewards you have earned. Therefore, it is important to take all of these factors into account when calculating your rate of return.
answered 1086 days ago
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How long ago you deposited? And did you check last harvest? And purely on LP amount only?
answered 1086 days ago

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