Provide ARB liquidity yield which strong? Comparison of yields of Kyber, Traderjoe, Uniswap and Camelot LP

原文标题：《 提供 ARB 流动性收益哪家强？Kyber、Traderjoe、Uniswap、Camelot LP 收益率对比 》

原文来源： 深潮 TechFlow

The authors list several DeXes that provide ARB liquidity, including KyberNetwork, Trader Joe, Uniswap, and Camelot, and give their respective earnings comparisons. It is important to note that the ecosystems and incentives between these platforms are not the same, and therefore their benefits are different. On this basis, the authors also explain in detail how some aggregators route switching between these DeXs, as well as their advantages and disadvantages.

• KyberNetwork: 5866%

• Traderjoe: 571%

• Uniswap: 315%

• Camelot: 207%

Here are some details.

KyberSwap had the highest yield at 5866%, and this yield was not affected by incentives.

I added liquidity to the expense tier pool with a 588% APR for 5%, and I hope the additional airdrops will be higher than the difference produced.

The returns from Trader Joe's incentive pools were lower than those without additional rewards. People want to get more of their $JOE rewards, not earn revenue from fees.

Uniswap ranked third without any additional incentives. People are more trusting and comfortable with Uniswap, and LPs is willing to get less production as long as it stays on the platform they are used to.

Camelot has the lowest yield. It seems that many people prefer simple position management, even with fewer rewards.

But how does the aggregator route switching between these Dexes? I went to DefiLlama's meta-Dex aggregator to see the best path for the $100 ETH exchange.

It directs me to the Kyber aggregator.

Only about 2.8% of KyberSwap's own DEX aggregator was routed through its own pool, with the remaining 97% routed through Uniswap.

To make the experiment clearer, I decided to examine how 1inch routes the same transaction. 5% of this transaction was routed through KyberSwap, 10% was routed through Trader Joe, and the remaining 85% was routed through Uniswap.

This suggests that DEX with concentrated liquidity is the most efficient way to trade, and liquidity is king.

While other Dexes offered each other extra incentives to attract LPS in competition, Uniswap owned most of the TVL and volume without any effort. Inefficient DEX such as Camelot is good for people who don't want to actively manage their position and get higher rewards with extra incentives.

* Note: The APR shown on the pools on KyberSwap is based on the cost incurred in 30 minutes (not 24 hours).

The 5% fee tier pool on KS is only the difference between the $ARB spot price and the $ARB price in this round of voting. It's 5% before the volume starts to flow.

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