A function in Aave V3 that returns the APY of the respective token markets
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Hello All, Is there a function in Aave V3 that returns the APY of the respective token markets that are available on the protocol.
I could get the list of the token markets from the getReservesList function of the pool file. Now, I need the APY.
Much thanks for guiding in advance.
Answers 1
You can call getReserveData method on Aave pool or protocolDataProvider that returns rate aka APR and then you need to compute APY as described in docs.
APY = (((1 + ((apr / 10*27) / 31536000)) ^ 31536000) - 1) 100
Where 31536000 is constant for seconds in year.