So, I recently put roughly $50 in a Solana and USDC liquidity pool on Raydium. Got about a 0.50 LP token, which I started farming to get a return on the pool. The APR at the time was around 25% over the past 30 days. So, if you annualize that (0.25\*50 = $12.5) over the course of a year assuming it stays stagnant at 25% APR. $12.5/365days = 0.034 cents a day
But since I’ve been providing liquidity for this pool 10 days ago, I’ve only received 0.045 cents in Raydium. Which is less than a 4% APR. And I’m not even mentioning the fact that the APR since 10 days ago has jumped to 60% APR, which means I should be earning way more.
Is there something I’m missing? This is my first time providing liquidity, so I’m a complete novice. I’m just super confused how there’s such a large discrepancy between what Raydium is saying the APR is vs. what I’m actually receiving