$SWITCH/$TON - 670% APR.
In this post, let's understand why some liquidity pools in #DeFi have such a high APR. Right now on the main DEX on the $TON blockchain, STON.fi , #SWITCH has a 670% APR and it's the highest APR on the entire DEX at the moment.
1. Farming
Right now, farming is active in this liquidity pool with awards of $534.89 / day, which forms this APR. In addition to the main APR of this liquidity pool, vendors are also receiving additional awards.
2. WCPI
This is a unique type of liquidity pool available only on STONfi, which allows to adjust the proportion of tokens and regulate IL. There is probably a lot of hype around this technology, which is what attracts the pools.
3. Airdrop
Recently PocketFi 2.0 gave out rewards in SWITCH tokens, and a lot of people immediately started swapping the received tokens, which increases the total volumes and consequently the APR.