MOON/ETH liquidity reaches 500k$ on SushiSwap

The largest Moon liquidity pool, the MOON/WETH pair on SushiSwap, now has over half a million USD in value locked!

TVL (Total value locked) in the last year

Here you can see the development of the pair from start of the year I reconstructed from the blockchain history:

Locked WETH / MOON liquidity since start of the year

On January 1, liquidity was at about 13.061 ETH and 203k Moons – while writing this post we stand at 144.997 ETH and 812k Moons.

The amount of locked ETH increased by a factor of 11x, or by over 1000%.

The total APR of the pair is now at 38.65%, from which 30.27% are contributed from the rewards of CCIP-051. If you consider providing liquidity, get familiar with Impermanent Loss first and remember you are only allowed to remove 25% of your moons from your vault before getting a penalty on your future moon distributions.