Here is a nice LP which you may have overlooked if you are using Optimism. These past few weeks has been an absolute blast on the Optimism chain. And because a lot of people are not seeing it yet ... the opportunity of earning some stable $$$ is pretty good.
So lets take for example .. if you added LP on Uniswap thru the Optimism chain. The current TVL (Total Value Locked) is only 1.34 million. However the past 24h Volume is around $2million.
Lets take for example you have about $5,000 locked in this pool of OP/USDC and you get about 0.3% per transaction.
- 2 million Vol past 24hrs would be around $6,000 in fees.
- For every $1 of LP you get around $0.0044 cents so with $5k in LP you get around $22 every 24 hours.
- With that said .. per month you would get around $660 if the volume stays around this range
- That would bring you a profit of about $7920 in 12 months. That is if the volume and price of OP remains. Which is about 158% Yield.
- Of course we don't rely on "hope" that this would remain ... so we could actually just compound your earnings and see those profits just soar.
These are just simple calculations and there are a lot of factors which would effect how much you gain and there is the dreadful impermenant losses too however I do like the farming APY which it is giving at this point of time.
You may need to research more if you plan on jumping into these pools however Optimism seems to be pretty much a really nice yield for me now.
Cheers all and happy farming !
Posted Using LeoFinance Beta
Your content has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
Oha, not too shabby!