Net APY reflects the combined performance of your supplied and borrowed assets on this platform, including mining rewards. It can fall below zero when borrowing costs exceed supply returns. The formula for calculating the net APY is as follows:
Net APY = [∑ (Value of supplied assets * Supply APY) - ∑ (Value of borrowed assets * Borrow APY)] / Total supply
Please note:
- Different from other markets, the Supply APY is calculated with an additional boost from mining APY (based on USDD) in the USDD market. This mechanism allows users to earn a higher Supply APY, maximizing their returns on supplied assets. Click here to view more information on yield calculation in the USDD market. Please note that this rule may change as USDD mining rules get updated.
- In the wstUSDT market, where you can supply multiple token currencies, you can always enjoy the base APY and wstUSDT holding APY regardless of the currency you've supplied. Please check out the details on stUSDT's official website.
Net Worth refers to the total USD value of your current positions on this platform, calculated as: Net worth = Total supply - Total borrow. Your annualized interest is determined by multiplying net worth by net APY.