New to ETH/sETH2 pool, need help with rewards

Hey @welcometo - great to see you joining the StakeWise community.

The most likely reason why your APR is only 3% compared to the advertised 21% is that your range that you set from 1 to 1.05 is wider than the optimal earnings range illustrated below.

When you have a wider range (e.g. the 1 to 1.05) the APR will be lower, hence your 3% APR rate, as compared to providing liquidity at a very narrow / tight range (e.g. as illustrated above) for the advertised rate of 21%.

Hope that helps! Also know that the DAO just completed a vote to extend the farming rewards into February, so there’s still a chance to earn liquidity rewards while farming.

https://vote.stakewise.io/#/proposal/0x50e45af7f80a7886e94fdc9dde842ae22795e1bdf025444353f149893b43bef9

Also note, to get to the 21% you have two choices. If you still have enough ETH and sETH2 to enter a new position, you can create a new position while keeping your old position. Or if you don’t have enough to provide LP, you will need to exit your current position and then re-enter in the new position illustrated above.

Or you can keep your range where it is at.

Thanks again for using the StakeWise platform!

-brian

Note: Contents of this message are not to be construed as financial advice. Do your own research.