RE: Crypto Kitties 2.0 Breaks ETH | We've Pushed Back the wLEO Launch Date
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I'm not sure if my math is correct (I'm bad at math), but if there is 1M liquid LEO and if all of it is used to provide liquidity (unlikely), 1 LEO would receive (1/1 000 000) * 300 000 LEO rewards = 0.3 LEO in 90 days.
So 240% APR, 120% after adding another liquidity token. Nice
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Add equal part of ETH invested to your initial capital and APY will get reduced by half in your calculation.
But when calculating APR, you should also take into account the 0.3% swap fee in your liquidity pool. This post has not included this important fact to help estimating total profit.
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