How is Net APY calculated?

Net APY Calculation
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.
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:
1
change = (28000 * 0.0372 + 10000 * 0.5873) - (1000 * 0.512) = 6402.6
2
base = 28000 + 10000 = 38000
3
Net APY = 6402.6 / 38000 = 16.84%
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 Result: 
Net APY = 16.84%

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Net APY Calculation

Example