Trouble understanding my -APY, not making sense

4 replies, 130 views, 1 likes

governance.aave.com

TL;DR:

A user, Jsimo01, is confused about their negative APY despite favorable lending and borrowing rates on Aave, and the community, especially EzR3aL, is actively providing support and guidance, including directing the user to the official Aave discord for reliable assistance. There's no identified negative impact from this situation, and the user is advised to verify information through trusted sources like X or Coingecko.

What is this about?

The discussion revolves around a user, Jsimo01, who is experiencing confusion regarding their Annual Percentage Yield (APY). They are puzzled by the fact that their overall APY is negative (-6.86%) despite providing collateral with a healthy factor of 1.3 and earning 0.18% on it, while borrowing at a rate of -4.83% in GHO token. There was a minor confusion when Jsimo01 initially mentioned APT as their collateral, which was corrected to WBTC after EzR3aL highlighted that APT is not listed on any Aave market.

How is the community reacting?

The community has engaged with Jsimo01's issue by offering clarification and support. EzR3aL has been particularly helpful by correcting the initial misunderstanding regarding the collateral and suggesting that Jsimo01 seek assistance on the official Aave discord. They also recommended checking for the official link on resources like X or Coingecko to ensure the user is getting accurate and safe information.

Why this is positive?

  • The community is showing support and willingness to help a member understand their APY calculations.
  • There is a suggestion to use official channels like the Aave discord for further assistance, which promotes the use of reliable resources.

Why this is negative?

We have not been able to determine whether this will be negative.

Next actions

  • Jsimo01 should seek help on the official Aave discord for a more in-depth explanation and assistance with their APY concerns.
  • It is recommended to check for the official discord link on trusted resources such as X or Coingecko to avoid misinformation.

Posted 22 days ago

Last reply 22 days ago

Summary updated 15 days ago

Last updated 09/12 13:52