Fees & APR
Pool APR is a market-level metric. Individual LP results can differ because positions use different ranges, liquidity sizes and active time.
Pool fees
Swap fees are generated when trading crosses active liquidity. Dynamic-fee markets can adjust the fee charged within their configured rules.
Pool APR
APR is an annualised view of recent fee or reward activity relative to liquidity. It is not a guaranteed future return.
Position APR
A position's realised return depends on its own range, size, active time, token mix and fees. It can differ materially from the pool-level APR.
Fees versus rewards
Swap fees and separate Points or reward programs should be evaluated independently because they can use different accounting and eligibility rules.
Explore Fables documentation
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