After Doggy Dao's 2nd vote, the MM-SHIB pair has moved to a Woof pool where LP providers receive additional incentives in the form of "Bone" to provide liquidity - Bone is from theShibaSwap ecosystem.
MM-SHIB can remain on the next Doggy Dao vote should it continue to be top 50 in liquidity size. It is currently at 37/50. ( sort by liquidity here: https://analytics.shibaswap.com/pairs )
Should MM-SHIB continue to maintain it's LP size, it will continually be considered by the Doggy Dao vote and naturally, attract the yield hungry DeFi users on ShibaSwap. As a result, it will continue to create an interest to hold MM and create visibility for the token.
@KingAwesome the APY fluctuates as the LP size fluctuates. But to get a good calculation, you can take a look at the $2M account's transaction history. How big their portion is, when their pool started, how many rewards they have accumulated thus far etc. https://debank.com/profile/0xcccfde9aa1ee48eea089375689d95428132abef2
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I earned over $100 in BONE since Sunday. The APY is more close to 100% not 600%.
The cost in gas fees to woof bone and swap for MM would erase all profits unless I waited a few months to woof. And BONE goes down in price over time especially the time locked amount.
Oh yea 2/3 is time locked for 6 months after woof. This is bad. I had this happen on Viper Swap. The value of VIPER was $1.10 when I started but now is only 4 cents as it is unlocking. So the APY was never as good as it start. And there's impermanent loss risk having half liquidity in SHIBA INU.
Million Pool's 20% is still the better bet for most. If you are looking at strategy about staying on top of Doggy Dao to get SHIB holders, that I don't understand enough.
What I would do is pay some SHIB Youtubers to promote this liquidity pair and get it out there. Even have collabs with SHIB influencers to teach them defi and why MM is a better pair than most rug pull liquidity pairs.
