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RE: Spinvest-leo weekly update post - 5 August 2023

in SPinvestlast year

The yield from the BNB/SPS pool has dropped significantly. This pool was consistently generating around 40% APR, for an extended period of time. It appears that in the last week or so, a significant amount of new liquidity has been added - around half a million dollars worth it appears.

This may have to do with the proposal that passed which makes SPS DAO's LPs for BNB/SPS and ETH/SPS earn rewards alongside regular investors.

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That would explain it - thanks for sharing this as I had not followed these developments closely. The yield is still decent, but it depends what SPS DAO is going to do with the rewards.