Terraswap gets zero from the user. It is free.
A user who wants to swap pays the fees to the liquidity provider by the contract.
(Terraswap itself does not pay the commission to the user since it is free)
The APY depends on the Volume of the pair ANC-UST (the fees(commission) made from swap)
The APR will go up if the volume is bigger. (assume ANC price is the same)
(Dex is not a matter for the volume, that is the market volume)
The biggest difference is Astro pair uses 30% of the fees for an Astro purchase and gives (vAstro, vxAstro) rather than giving ANC to the user.
(0.3% of volume will be divided into 0.2% commission + 0.1% Astro 0.1/0.3 == 33%)
ANC will be supplied for the swap and Astro will be demanded.
(As you know, the price goes up when there is more demand. not supply)
It happens for all pairs. I would say Astro designed well for their product. NOT for the other governance.
Every swap will purchase Astro and their tokens will be supplied for the swap.
Do you still think it will be good for your Governance?
It might be good for a short period or the Lp provider could earn more when Astro’s price goes up.
But I still believe it is bad for the other governance.
I would suggest when you got Astro from Airdrop please make a governance poll to reduce the Astro purchase ratio (30% is huge)
It is my opinion you don’t have to agree but I believe like this.
BTW, I am fed up with this situation. it will be the last reply. Thank you