# APY calculation

**The calculation of the APY depending on your selected frequency is based on the following formula:**

_0.98 reflects the 2% protocol fee_

In the following example 365 is daily compounding, you can substitute 365 for the correct number related to your compounding frequency.

$$APY\:=\:\left[\left(1\:+\:\left(APR\cdot 0.98\right)\:/\:365\right)\:^{\:365}\right]\:-\:1$$























