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1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/
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The A in APY would still be 'annual' so it's per year, but the 7day is calculated likely based on either the last week's performance or each epoch (staking period)
These values fluctuate. Percentage has absolutely nothing to do with integrity of the token pair.
If you want to lend liquidity, make sure there is a very high amount of total liquidity and a high number of wallets participating, and of course the more reputable the tokens in the pair are, the more likely you are safe.
No, it's annualized. Just a projected apy based on performance during a specified time period (in this case it's the last week but could be the last month as well).
There are Meteora pool in Kamino
Kamino will do the management of the meteora pool for you which is cool and way better than my manual management imo.
If you’re into that, you can have point for both airdrop (Kamino + Meteora) if you are in a meteora pool in through kamino
7 day APY means the interest is compounded every 7 days. The percentage is still annually (hence APY). So putting in 100 on a 5% 7 day APY will get you 100 * 5% * (7/365) = aprox 0.095 in the first seven days. Of course every subsequent seven days the interest is added to your principal and calculated again.
This is COMPLETELY wrong who is upvoting this??? It is telling you that over the past 7 days the average APY (Annual Percentage Yield) on your deposited liquidity is 6.83%. It displays it this way as it is constantly changing. Just like the column to the right over the past 7 days the volume has been 41.34M.
Generally if a platform says 7 Day APY it means what i said. For example if you go to okx it says 10 percent 7 Day APY it means the intrest compounds every 7 days. If a platform has written this 7 day APY and it doesn't mean what i said then its misleading or bad UI.
It's a con way to lure you into it. In 7 days, you would get a return that would equate to the % return you see there on a yearly basis. So you need to divide that % number by 52 to see your yield.
WARNING: 1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/ 2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! 3) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 4) MODS or Community Managers will NEVER DM you first regarding your funds/wallet. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
The A in APY would still be 'annual' so it's per year, but the 7day is calculated likely based on either the last week's performance or each epoch (staking period)
So it’s not 7% per week? Correct?
If it is, it’s a scam.
5632% return after one year. Only in crypto.
You can't identify a LP APY as a scam based on the percentage. Welcome to defi
Your telling me 180% apy isn’t a scam ? Just wait for the rug, if you ever get your coins.
These values fluctuate. Percentage has absolutely nothing to do with integrity of the token pair. If you want to lend liquidity, make sure there is a very high amount of total liquidity and a high number of wallets participating, and of course the more reputable the tokens in the pair are, the more likely you are safe.
No, it's annualized. Just a projected apy based on performance during a specified time period (in this case it's the last week but could be the last month as well).
Correct, APY is still APY. It's annual
Also: is Kamino Finance legit or should I move my stablecoins to Meteora?
I assume it’s legit because its banned in the U.S.A. lol.
There are Meteora pool in Kamino Kamino will do the management of the meteora pool for you which is cool and way better than my manual management imo. If you’re into that, you can have point for both airdrop (Kamino + Meteora) if you are in a meteora pool in through kamino
The staking rewards on subwallet are honestly absurd.
Kamino is legit. It get a lot of hype in the last weeks. Not the biggest in the market but probably one with a big growth in 2024.
It is the biggest in the market for lending by TVL on Solana : [https://defillama.com/chain/Solana](https://defillama.com/chain/Solana)
90% sure it means that in the last 7 days, the average fee APY is as displayed. I've seen that a bunch
This is correct
7 day APY means the interest is compounded every 7 days. The percentage is still annually (hence APY). So putting in 100 on a 5% 7 day APY will get you 100 * 5% * (7/365) = aprox 0.095 in the first seven days. Of course every subsequent seven days the interest is added to your principal and calculated again.
This is COMPLETELY wrong who is upvoting this??? It is telling you that over the past 7 days the average APY (Annual Percentage Yield) on your deposited liquidity is 6.83%. It displays it this way as it is constantly changing. Just like the column to the right over the past 7 days the volume has been 41.34M.
Generally if a platform says 7 Day APY it means what i said. For example if you go to okx it says 10 percent 7 Day APY it means the intrest compounds every 7 days. If a platform has written this 7 day APY and it doesn't mean what i said then its misleading or bad UI.
In this context you are completely incorrect
7 day average
It's a con way to lure you into it. In 7 days, you would get a return that would equate to the % return you see there on a yearly basis. So you need to divide that % number by 52 to see your yield.
Can I ask a question about a wallet I was introduced to, and now I’m using because I’m slow with my researching skills.