How is APR determined?

TLDR APR is often a meme

Farming yields in the cauldron and on Magik Farm are determined by 3 key factors:

1). The current price of $MSHARE
2). The $MSHARE emissions allocations to the LP pool
3). The total amount of TVL in that LP

You can derive daily farm APR via the following equation:

(daily emissions x $MSHARE price)/TVL in the LP

Staked $MSHARE yields function on similar, but distinct premises:

1). The current price of $MAGIK
2). The current circulation of $MAGIK 
3). The % $MSHARE staked in the Dungeon
4). Protocol debt from issuing bonds

One of the reasons we advocate for using autocompounders is that they are often better tools for actually realizing your rewards. They take full advantage of $MSHARE price volatility and “lock in” those rewards via your LP.