How is APY calculated?

An introduction to the Lending feature on Lend Finance

There are multiple APY figures involved in the APY that displays for the pools on LEND. They can easily be seen displayed within the SUPPLY MARKET section on the main LEND dashboard. The APY displayed for each Lending Pool comes from a mix of platform fees, interest fees, and $LEND rewards. If you click on each asset you can view how these rates are broken down:

Supply APY %

Supply APY representing base interest received from providing your assets to the pool. This APY is variable interest yield generated by the LENDER whenever a borrower participates in a pool. Throughout time this may change depending on a range of factors such as TVL, Volume and other things.

• Supply APY is automatically compounded into your position to maximise your gains.

Reward APY %

The Reward APY can also be seen in this area of the DAPP. It simply refers to the bonus interest received directly in $LEND. This % is determined by the price of LEND, supply of LEND available and the current TVL of the pool.

Throughout time this may change depending on a range of factors such as TVL, Volume and other things.

Reward APY does NOT automatically compound and needs to be claimed manually.