Automated Market Makers have become a core part of my trading activities over the past few months. As a trader, my ears immediately perked up at the idea of becoming a market maker in these large crypto pools.
Defi has been an interesting addition to the crypto universal economy. Allowing everyone of all walks in life to become a market maker and start earning passive income from different cryptocurrencies they're already hodling.
LEO is one of my larger altcoin positions. I utilize some curation to earn but also got into trading and market making once the WLEO pool went live.
As soon as the WLEO - ETH pool launched, I added some WLEO/ETH liquidity and managed to get in on day 1.
According to the last 
I noticed in their report that they used the current LP position value instead of the original $ value of the invested funds to calculate the APY.
This is a strange approach. It's actually a modest approach as it shows the APY at about 20.5% instead of the 25% as calculated on my original investment into the pool.
Many other Defi pools will show the APY based on invested capital rather than present day value. This APY makes more sense and I think WLEO should talk about this APY as opposed to going off of the current day APY which makes it look lower than reality.
WLEO: I'm Up 25% and I'm Earning 24-28% APY
I estimated the Geyser yield and projected this month. The projections actually look higher for this month than last month from my rough estimations. This is because of the benefit to being day 1 in the liquidity pool. I expect these to actually go up most months as some LPs leave and allow the rest of us to earn higher yields.
25% in market gains + 24-28% in yield being paid out to me every single month?? I will gladly accept and probably invest more into my LP now that I know this.