The APY for the liquidity pools depends on trading traffic, the liquidity level and actual Smart Contract fees on Cardano. We'll announce more safe estimations as we have more stats to analyze, our economics model progresses more, and above all, simulating it aggressively against the testnet. You can check beforehand that we're going with the one-sided liquidity pool design (like Bancor 2.1), so borrowers don't have to deposit collateral in pairs that are very inconvenient and harder to follow. One of our difference is that we don't really need time-based impermanent loss insurance like them, as statistically, the impermanent loss has a very low impact after 100 days, which is quite lower than the average loan period. That said, as we already have deep pools thanks to large collateral to make fiat loans meaningful, we also want to invite direct liquidity providers to make the pools even deeper, the deepest in town, to enable massive liquidity and efficiency for traders. So to protect these shorter-term liquidity providers, we're going to use the staked MELD as insurance to offset the impermanent loss, with portions of the protocol fees fill the insurance pool in real-time for solvency.