Liquidity-provider rewards depend on the swap volume in the pool and the volatility of token prices. When token prices fluctuate significantly, you may experience impermanent loss — a temporary reduction in the total value of your assets compared to simply holding them. If swap activity is low, fewer fees are collected, which results in a lower accrual rate. LP rewards are variable and directly tied to overall market conditions and user activity.
Stable pairs with consistent swap volume usually provide a more predictable accrual rate, while volatile pairs can show a higher rate but come with greater risk. Over time, fees accrued from swaps can offset small fluctuations in token prices. On STON.fi, all fee distributions are automatic and fully transparent — your rewards are calculated directly by smart contracts on the TON blockchain. You can verify that fees are accruing in your position by checking the pool through the AMM formula x × y = k: as fees accumulate in the pool, the value of your share rises accordingly.
For more detail, see: