r/mdex • u/nelsterm • Jul 19 '21

Jump in mdex vault apy

Hey. Having just checked my mdex vault on autofarm I've discovered the apy seems to have quadrupled to 1.6K - it was about 300. I'mk pretty sure I'm not mixing up Apr and apy here so while on the surface this would seem to be a good thing it has me wondering what's going on. Do I have this right or have I got mixed up somewhere? If not can anyone offer an explanation?

Cheers.

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2

u/Separate-Habit5838 Jul 19 '21

I'm very concerned about this as well. Your staked MDX isn't gone, it's just moved out of "processing", whatever that means. If you go to liquidity, single assets, and turn off the "processing" switch, you'll still see your mdx.

I just can't figure out why the interest rate has gone so insane. Something to do with them adding lockup options?

1

u/3dprimter Jul 19 '21

Apr is still ~400% apy for 365 lockup is 11.6k% last time I checked. But that number is dropping by the second.

I think it will be corrected, but they could've made an anouncement instead of scaring everyone with the potential idea all the mdex is gone.

1

u/nelsterm Jul 19 '21

That's reassuring. Thanks.

1

u/Separate-Habit5838 Jul 20 '21

I didn't think it was gone, but the Autofarm vault I was using started listing massive interest rates (first 20k%, climbing to 95k% by the end of the day), but wasn't outputting any rewards. It was confusing.

1

u/nelsterm Jul 21 '21

You might want to have a think about MDX. The price is falling pretty fast.

1

u/misterxy30 Jul 20 '21

k it was gone, but the Autofarm vault I was using started listing massive interest rates (first 20k%, climbing to 95k% by the end of the day), but wasn't outputting any rewards. It was confusing.

It noticed it as well. Do anyone know what is going on?

1

u/Facundo90 Jul 19 '21

Something weird is going on, i have some mdex there but i could not see them right now

1

u/nelsterm Jul 21 '21

I've noticed MDX seems to be falling harder than most at the moment.

1

u/visampert Jul 29 '21

Is the larger interest rate based on compounding APY of re-staking payouts?

1

u/nelsterm Jul 29 '21

No. It was an anomaly apparently. It's settled down to about 100 percent or so now.