sBTC APY close to centralized service now?

sBTC pool APY is 6.84% now, constantly falling the last week. It is now close to what services like blockfi and blockchain give (6%).
What is the reason for that drop from like 40% (crv price hasn’t fallen that much) and do you see it going further down or recover and why?

I think you can find your answer here:

well how often is the harvest for sBTC called?

it is dropping primarily because the price of CRV has plummeted, but also how the gauge weighting works on Curve.

how does the gauge weighting work?

1 Like