now I am getting passive income from some farming and staking at Pancakeswap and Bakeryswap and most recently Mocktailswap whose daily APR is quite large, around 600% to 700%.
Say what???
Are you telling me there's a legitimate way to earn that much of a return (emphasis on legitimate)? That just doesn't sound right. In fact, members have gotten tagged here for promoting services that advertise rates of return that are much less than that. Anyway, I've never heard of either one of those sites. I'll have to take a look to see what they're all about, but I doubt I'll end up using any of them.
It sounds way too good to be true.In the beginning, those Swapping exchanges provide that rate for some pairs that are new just to get users to contribute to the liquidity(which would be low since not many provide liquidity to new crypto in those exchanges) So they have to set high APR rates specifically for those.
In my experience I used Apeswap and there was an Alt whose APR return was over 1500%, Then it came down slowly to 300% and then under 300% after the liquidity was enough.
I didn't use that function because I didn't trust to invest in a new volatile altcoin so I just witnessed it.
So at last, Those returns seem good but they aren't the same for every coin in the market, It fluctuates based on many variables and obviously it's good to provide liquidity on a good Swap exchange rather than a new one.