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Trader Joe
Question
CrazyTurk
@crazyturk · Nov 13, 2023, 07:10
Why is there so much difference between StableFish APY for MIM Lend (%100), and Trader Joe's listed APY (%9) on its UI?
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Comments (1)
Bliksem
@bliksem · Nov 14, 2023, 10:52
StableFish APY is over the last 7 days.
MIM Lending Profit increased significantly on Nov 8.
So the 7 day APY is still high on Nov 14.
On the other hand, Trader Joe Lend probably calculates the APY using the Rate per Block as well as Compound V2.
Because, Trader Joe Lend is forked from Compound V2.
Especially in the small TVL lending market with , the APY often spikes up and down in a short period of time.
Therefore, it may be better to look at APY and ROI over a longer period of time.
If you change the period on StableFish, you can also see 30 or 90 day APYs.
MIM Lending Profit increased significantly on Nov 8.
So the 7 day APY is still high on Nov 14.
On the other hand, Trader Joe Lend probably calculates the APY using the Rate per Block as well as Compound V2.
Because, Trader Joe Lend is forked from Compound V2.
Especially in the small TVL lending market with , the APY often spikes up and down in a short period of time.
Therefore, it may be better to look at APY and ROI over a longer period of time.
If you change the period on StableFish, you can also see 30 or 90 day APYs.
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