What is the Net APY?

The Net APY is the combined effect of your collateral, loan, and Altitude’s smart repayments on your total net position on Altitude. The Net APY of the wstETH-USDC vault does not include the yield that Lido generates on your staked ETH.

It is possible to have a negative Net APY if your loan's interest exceeds the yield Altitude generates for you.

Example: your Net APY on Altitude is minus 1%. At the same time, the Lido yield is 3%. That means that your Net APY including the Lido yield is a positive 2%.