Getting paid

The payer (principal amount), payee (interest amount) and fee receiver (fee amount) will receive their funds on the due date of the payment.

The payout function gets called automatically, thanks to Gelato's Web3 Functions.

The protocol charges a 10% fee on the interest amount (subject to change).

How much will I earn?

The rewards for supplying assets can vary per block, so it's hard to predict how much interest you'll gather exactly. Rewards are compounded each block.

Here's a quick example of interest calculation with a fixed APR, not counting compounding rewards and protocol fees:

APR (Annual Percentage Rate)	7%
Principal amount	1000 USDC
Days paid in advance	30 days

1000*(30/365)*7% = 5.7534 USDC