What sets the Positions pool APY apart is the ability to borrow vault shares. This feature allows lenders to enjoy a guaranteed supply APY even when no assets are borrowed. It also minimizes token incentives as a portion of the yield is derived from the vault.
Borrowers, on the other hand, still receive competitive rates on their long-tail assets.
Total APY calculation
Total APY is made from vault APY and interest rate.
It can be calculated in the following way:
Supply APY
