A 100% APR doesn't mean anything if the token value in the pool drops 3x from the initial value when you added liquidity...
In the long term, this is bad, because at some point it becomes unattractive and may fool people who don't know how diesel/liquidity pool rewards work into thinking the APR is relatively constant in time. But for shorter times, APR hunters really love these kinds of things.
The problem is that 99% of these "APR hunters" fall into the trap of "forever compounding" and never see profits... 🙂 (speaking from personal experience in the past... I hope I learned the lesson... lol...)
Yes, I've been there too, and hopefully, I learned my lesson too.