# How is Net APY calculated?

- 1.Convert all supplied and borrowed asset amounts to a single asset (USD).
- 2.Calculate
**the sum of (suppliedAmount * supplyApy - borrowedAmount * borrowApy)**for all assets(including Vires APR for both deposits and borrows) - 3.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.

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:

change = (28000 * 0.0372 + 10000 * 0.5873) - (1000 * 0.512) = 6402.6

base = 28000 + 10000 = 38000

Net APY = 6402.6 / 38000 = 16.84%

Result:

*Net APY = 16.84%*

Last modified 2yr ago