Thank you for bringing this to our attention, @nick.eth.
The calculations for Revenue and APY are consistent with those in our reports:
- Revenue encompasses DeFi returns from all types of investments.
- APY is calculated as
(1 + (DeFi results / DeFi initial funds at final prices))^12 - 1.
In this review, the term “net” was added to exclude Karpatkey’s fees.