7-Day Yield
The 7-day yield is an annualized percentage yield (APY) that represents the estimated annual return based on the trading fees collected over the previous seven days. This metric helps investors understand the potential earning rate of a Liquidity Note's underlying LP position if the performance of the past week were to continue over a full year.
How It's Calculated
Collect Trading Fees from the Past 7 Days:
Sum the total trading fees earned by the underlying LP collateral over the last seven days.
Calculate the Weekly Yield:
Weekly Yield (%) = (Total Trading Fees Collected Over 7 Days / Total Value of the LP Position) × 100
Annualize the Weekly Yield to Determine APY:
7-Day Yield (APY%) = Weekly Yield (%) × 52
The factor 52 represents the number of weeks in a year, projecting the weekly yield over an annual period.
Important Considerations
Past Performance is Not Indicative of Future Results: The 7-day yield is based on historical data and assumes that the past week's performance will continue, which may not be the case due to market volatility.
Market Factors: Trading volumes, asset prices, and liquidity can fluctuate, affecting the actual returns.
Last updated
Was this helpful?