MOON/ETH pool on SushiSwap is at around 24% APR

With the current slight pump on MOON price, I wanted to put out this service announcement, for anyone who is holding MOONs or has purchased them recently. The LP rewards on the MOON/ETH pool in SushiSwap on Arbitrum Nova, is paying out 1.99k MOONs per day, to LP’s.

This could be a way to put a small portion of your MOONs to work, and get a few extra MOONs in the process.

However, if you aren’t aware of Impermanent loss, just understand that if you LP say 50 MOON, to the pool and the price of MOON goes parabolic again, then your potion of MOONs may actually go down to 40 MOON, while your potion of ETH in the pool will rise.

If you choose to LP (I am LPing a very minimal amount in the MOON/ETH pool), then just add enough that you are willing to lose. In reality, you lose some MOON but gain in ETH, plus you’ll get some back in rewards, but there is a risk here to be aware of. Be wary and tread lightly ????

EDIT: As stated by u/Wonzky, if you contribute more than 25% of your earned MOON to LPing, you will be ineligible for further MOON distributions so also be careful with this when LPing.