APR Rewards from CCIP-051 is at 35% but annual inflation from CCIP-051 rewards is only .43%.

Whenever conversation of CCIP-051 high reward rate comes up I keep seeing people saying how 35% is so high that it looks like a scam and we'd mock any other token that had such a high APR for their rewards. They keep failing to acknowledge rewards are only so high right now because liquidity on SushiSwap is so low, With an APR of 35% the correlating inflation on Moon Supply from CCIP-051 rewards is only .43%

I'm not sure if they don't understand how liquidity pools work or they're intentionally making bad faith arguments but I felt it was important to educate others on what the inflation from the new rewards actually looks like.

Rewards = (daily increase)1260* (days of year)365 = (yearly increase)459,900

Inflation = (yearly increase)459,900/(circulating supply)106,776,318 = .43% (annual Inflation from CCIP-051 rewards)

As the liquidity pool continues to grow (currently at 94 ETH and 700K moons) the APR will continue to drop.

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There are plenty of reasons to be bearish about Moons like: the actual inflation being just over 20% and Reddit owning ~36% of Moons. But CCCIP-051 rewards with .43% inflation is not one of those reasons so please stop spreading bad faith arguments.