Back on Beefy 🐄 Earning 167,000% APY

in #defi3 days ago

I'm doing a very small test over on Beefy with the BlackHole liquidity pairs. I typically wouldn't buy the farming token but it is in the first week still and these rewards were juicy. Beefy is an auto compounder but one of the things pissing me off about the BlackHole Dex are all the inconsistencies with the returns. On the main liquidity page it will say 1 thing and then once you post liquidity it will be calculating a different rate.

Also i have struggled at times creating liquidity pairs where it doesn't balance the values on each side of the pair properly. I don't know if that is because of the way the pools are calculated or what.

Essentially it looks like it would be earning about 740% APR and would double in 35 Days at those rates but I know others will load on and things will change. I might throw a bigger bag at this right from the jump to up the ante. I expect as more people pile in it could take more like 60 days to double.