Airdrops are not only good for those who get them, they also stabilize the price of the coin. When a coin is released, it attracts quite a lot of interest, which leads to an increase in price, and people who get an airdrop try to swap it as soon as possible, which leads to a stabilization of the coin price. Yes, of course the ratio can never be exactly 1 to 1, but due to the high volume, APR covers IL in liquidity pools.
For example, the #BUILD coin recently appeared on the $TON blockchain, and at the moment, a few days later, the BUILD/TON pair on STON.fi (the most popular DEX on TON) maintains an APR of 584%, which is extremely good. But such APR is achieved not only due to high volumes, but also due to farming of the system. Farming is a system implemented on STON.fi where liquidity providers get additional rewards for putting LP-tokens into smart-contract.
By the way, STON.fi maintains a good APR not only on new coins, but also on old coins, for example:
- $STON / USDT, APR: 38% + IL Offset
- $NOT / TON, APR: 149%
- $stTON / USDT, APR: 76%
