Hello everyone, Could you guys explain the APY for Prime

Question

Hello everyone, Could you guys explain the APY for Prime

users, for example current APY for borrowing USDT is 10%, and prime APY is 2.2%. What does it mean? As I understood, I have to pay 10-2.2 = 7.8% for borrowing?

#blockchain #cryptocurrency #english #venus

0

22.03.2024

7 ответов

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Tuan Nguyen Автор вопроса

Deborah | 🇳🇬 Never DM First 🇳🇬
Not really. The green APY is the new yield you'll ...

Thanks

0

1 месяц назад

Tuan Nguyen Автор вопроса

Tuan Nguyen
Thanks

I double check that. I think you misunderstood. Who really understand how to apply discount borrowing APY for prime users?

0

1 месяц назад

Tuan Nguyen Автор вопроса

Deborah | 🇳🇬 Never DM First 🇳🇬
Not really. The green APY is the new yield you'll ...

I double check that. I think you misunderstood. Who really understand how to apply discount borrowing APY for prime users?

0

1 месяц назад

ToDa Môn

Tuan Nguyen
I double check that. I think you misunderstood. Wh...

go to Vietnamese topic

0

1 месяц назад

Dominik | Venus 🇨🇿

Tuan Nguyen
I double check that. I think you misunderstood. Wh...

For example, at the moment PRIME APY (displayed in UI for average Prime user) is 12.19%/-0.28% for supply/borrow and APY without prime is 5.01%/6.88%. It means that If we subtract these values, Prime APY is 7.18%/-7.16%. When NET borrow APY is displayed as negative, it means that Prime rewards you get for borrowing are higher than interest you pay for borrowed asset.

0

1 месяц назад

ToDa Môn

Tuan Nguyen
I double check that. I think you misunderstood. Wh...

hi

0

1 месяц назад

Deborah | 🇳🇬 Never DM First 🇳🇬 · Accepted Answer

Deborah | 🇳🇬 Never DM First 🇳🇬

Not really. The green APY is the new yield you'll get with prime. If the borrow APY is showing 2.2%, that'll be your new borrow APY if you are a prime user

0

1 месяц назад

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Hello everyone, Could you guys explain the APY for Prime

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