What is dynamic APR? Why is dynamic APR sometimes lower than estimated APR?

Dynamic APR is derived by deducting current impermanent loss from liquidity provider fee income. As impermanent loss exists, dynamic APR tends to be lower than estimated APR. Dynamic APR calculation formula:

$Dynamic\space APR=[(\frac{Current\space Position - Total\space Net\space Contribution}{Total\space Net\space Contribution})*\space100\%\space * (\frac{360}{Average\space holding\space period})]$

Please note that in cases of significant impermanent loss, the dynamic APR can be lower than the LP APR, or even negative. It's crucial to understand the risks associated with participating in or trading within a liquidity pool.