LP APR SIMULATOR (Economically Realistic) | Notion

Notice:

For the first operational annual (Q3 2026-Q3 2027) most of the Protocol revenue (up to 100%), exclude monthly core expenses (OpeX+CapeX) would be send to sustain LP and TVL growth + token buybacks
Team equity from net locked for 2 years
Team tokens vested for 12 months

Core Formula (Reality Based)

LP APR = (Trading Fees Distributed to LPs + Liquidation Fees to LPs + Funding Fees Share (if routed) + Incentives (if any)) ÷ LP TVL

Community consensus across DEXs:

Trading fees scale directly with volume
APR ≈ Fee Rate × Volume ÷ TVL

Supported by real DEX mechanics and user modeling.

JENEX LP APR — Baseline Simulation

Variable	Value
Trading Fee Range	0.05% → 0.08%
Liquidation Fee Flow to LP	Yes
Funding Flow to LP	Partial (optional routing)
Target Volume Ramp	Aggressive exchange model
No Unsustainable Token Subsidies	TRUE

Realistic APR by Scale Phrase

Year	Daily Volume	Annual Volume	TVL	Fee Yield	Real LP APR
2026	20M	7.3B	40M	9%	~15%
2027	420M	153B	180M	22%	22–30%
2028	1.26B	460B	400M	35%	35–48%
2029	3.86B	1.4T	850M	45%	45–60%
2030	5.3B	1.93T	1.5B	50%	50–65%

LP Capital Stack Target

Segment	Share
Retail LP	35%
Market Makers	40%
Whales	25%

What Drives Real APR

Driver	Impact
Volume ↑	APR ↑ exponentially
TVL ↑	APR ↓ dilution effect
Fee Tier ↑	APR ↑ linear
Referral Mining ↑	Volume ↑ → APR ↑
Buybacks ↑	Price ↑ → TVL ↑ → APR stabilizes

LP APR → Fee Yield → Volume Elasticity Model