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Target APY

Sail offers a 20% APY. Under the hood, it is made from two components.

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What the APY includes

  • USD APY: variable yield earned from real DeFi strategies.

  • Points APY: an incentives component that fills the gap up to the current target.

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How it works

The APY is modeled as:

APY_shown = APY_USD + APY_points

  • If Sail's strategy pays more in USD yield, the points component decreases.

  • If Sail's strategy pays less in USD yield, the points component increases, subject to the active incentives budget.

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What “points APY” means

  • Points APY is an estimated equivalent rate shown for clarity.

  • Points are not USD, and they are not transferable today.

  • Points APY is also the rate used to compute how many points you receive each day.

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Important

  • USD yield is variable. it can go up or down with market conditions.

  • Target APY is not a guaranteed rate. it depends on available USD yield and the active points budget.

  • In-app, Sail shows the breakdown between USD APY and points APY so you can see what is driving your total APY.

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