Today I asked myself that question, and the answer isn’t as simple as you might think👇.
For example, in the TON/USDT pool, STON.fi offers 14% APR, while DeDust offers 9% APR.
But in the NOT/TON pool, STON.fi has 8.2% APR and DeDust has 10% APR.
It might seem like you should just provide liquidity on STON.fi in the first pool and on DeDust in the second🥱.
But in reality, even in the second pool it’s better to use STON.fi🧐. Because when evaluating a pool’s profitability, you need to consider not just the APR, but also the total liquidity in the pool💸.
In the case of NOT/TON, STON.fi holds $900k while DeDust holds $90k.
That means STON.fi generates much more in fees📊, and the APR is far more stable compared to DeDust — which is very important if you’re providing liquidity long-term📈.
