APY and APR Calculations

We display APR projections based on the past 90d for market neutral strategies and past 365d for directional strategies. If a vault is new, the displayed timeframe will reflect the period from its launch date to today.

For example, the APR is calculated using the current PPS (Price Per Share) compared to the PPS from 90 days ago. This means the displayed APR reflects a strategy's performance over the 3 months.

While APR is based on historical performance and not guaranteed, it provides a clear insight into what depositors earned during that timeframe. APR is gross, before fees.

APR = returns * (365 / daysElapsed) daysElapsed = past 90 days Returns = (end value - start value) / start value

For APY figures we use the daily compounding formula:

APY=(1+APR/365)*365−1