APY

APY is calculated and displayed only after an asset has accrued a minimum of thirty (30) days of continuous NAV history following market activation. Until such time, the APY remain unpublished due to insufficient observation window for plausible annualization.

Methodology

The Annual Percentage Yield (APY) for each ERC-20E asset on Elevado Markets is calculated exclusively from on-chain NAV data, reflecting endogenous yield accrued through protocol fee retention and collateral growth. No external price feeds or market data influence this computation, ensuring a deterministic and auditable measure of realized performance.

APY is always based on the most recent thirty (30) days of NAV history.

For each day in this period, the percentage change in NAV is computed, the daily percentage changes are averaged, and the result is annualized by multiplying by 365.

$$APY = \left( \frac{1}{30} \sum_{i=1}^{30} \Delta NAV_i \right) \times 365$$

Where ΔNAV_i is the day-over-day percentage change in NAV for the i-th day.

Properties

• NAV values are fully on-chain and deterministically computed.

• Yield reflects endogenous NAV accretion and fee retention.

• APY is backward-looking and does not guarantee future performance.

• The APY calculation dynamically updates daily using the last 30 days of NAV; prior to accumulation of sufficient NAV history after market activation, the APY field remains unpublished.

This approach provides a transparent, auditable, and repeatable annualized measure of yield, continuously reflecting the latest NAV performance.

APY represents a backward-looking annualized metric and does not guarantee future performance.