As a LP, you need to distinguish between three types of APR yields: • Average APR: The yield level across the entire pool, used to screen and compare pools, and reflects how competitive fee income is relative to capital supply. • Maximum APR: The yield intensity within the narrowest price range. Particularly useful for stablecoin pairs; for subsidized pools, also consider the incentive coverage range and distribution rules. • Expected APR: The estimated yield based on your selected price range, used to compare range allocations and more relevant for specific positions. Use average APR to choose pools, maximum APR to assess capital efficiency, and expected APR to set your range. None of these equal your final net return. Whether high APR translates into actual profits depends on out-of-range time, impermanent loss, and rebalancing costs. Reference: https://t.co/fKYr4AL9kB