- At the time of posting CRV is about $2.17,
- At the time of posting yvBOOST is about $1.04
- At the time of posting each yvBOOST is about 1.1 yveCRV
- yveCRV (v1) says it pays about 32% net APY paid via 3crv (USD stable coin pool) approximately weekly. (Details and UI). This should be the sum of the the 3crv earnings from the underlying vecrv held by yvecrv dao + the 10% share of the gauge boost vault earnings.
- yvBOOST (v2) says it pays about 80% net APY
yvBOOST is supposed to take these earnings and buy yveCRV and deposit it to yvBOOST for compounded earnings. If 32% were continuously compounded for 1 year it would be about 38%. (Check for yourself here)
So I guess the questions are:
- Is yveCRV net APY correct?
- Is yvBOOST net APY correct?
- If they are both correct where does the extra yield come from?
Other Clarifying Questions:
On https://crv.ape.tax/ it says:
“Earn 277.6% more weekly rewards staking with Yearn.”
There is an ambiguity here and I don’t know how to interpret it.
1 veCRV locked for 4 years currently pays about 8.5% (source)
So the yearly fee earnings per 1 veCRV is about $0.18
What is the yearly earnings for 1 yveCRV?
Are the yearly earnings for 1 yveCRV 277% of 1 vecrv? (2.77 * 0.18 is about $.50)?
or is the 277% based on the dollar value of $2.17 of yveCRV so about 2.08 yveCRV yields about $0.50 and thus…
Are the yearly earnings for 1 CRV worth of yveCRV 277% of .18? Thus
Are the yearly earnings for 1 yveCRV about $0.24?