# How is Net APY calculated?

## Net APY Calculation

Convert all supplied and borrowed asset amounts to a single asset (USD).

Calculate

**the sum of (suppliedAmount * supplyApy - borrowedAmount * borrowApy)**for all assets(including Vires APR for both deposits and borrows)If the calculated sum from the previous step is >0 then Net APY = 100 * (sum / totalSuppliedValue). If the calculation from the previous step is <0 then Net APY = 100 * (sum / totalBorrowedValue). If the calculation from the previous step is 0 then Net APY = 0.

### Example

Supplied Assets:

1000 WAVES (

*$28000*) @ 3.66% APY + 0.09% Vires APR =*3.72%*10000 USDC (

*$10000*) @ 55.57 APY% + 3.16% Vires APR =*58.73%*

Borrowed Assets:

1000 USDT (

*$1000*) @ 54.32 APY% - 3.12% Vires APR =*51.2%*

Calculation:

Result:

*Net APY = 16.84%*

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