How to track APY payout through aTokens in Aave UI?
- Aave APY
- aTokens Aave
I am working on a project that involves tracking the Aave APY payout. I understand that the payout is done through increment increases in aTokens. However, I am not sure how to track these increases in the Aave UI.
Can anyone guide me on how to see the increase in aTokens in the Aave UI? Is there a specific section or tool that I should be using?
Any help would be greatly appreciated. Thank you!
To track the increase in aTokens in the Aave UI, you can follow these steps:
Go to the Aave protocol website: https://app.aave.com/
Connect your wallet to the Aave protocol by clicking on the "Connect Wallet" button in the top right corner of the page. Once you are connected, click on the "Deposit" button for the asset you are interested in.
In the deposit page, you will see your current balance of aTokens in the "My Wallet" section. This is the total amount of aTokens you have received from depositing your assets into Aave.
To see the increase in your aTokens balance, you can monitor your account over time. The Aave UI will automatically update your aToken balance as interest accrues and you receive additional aTokens.
You can also track the interest rate for the asset you deposited by clicking on the "Market" tab at the top of the page, then selecting the asset you are interested in. The interest rate is displayed as the "Borrow APY" and "Supply APY" values.
Additionally, you can use third-party tools or APIs to access historical data for aTokens and interest rates, which can help you track changes over time. Note that the APY payout for aTokens is based on the interest rate and the amount of aTokens you hold. As the interest rate changes, your APY payout will also change. Similarly, as you receive more aTokens through interest accrual, your APY payout will increase.
Its compounded, so your deposit will grow.
If you deposit lets say 100usdt, this will go 100.01, 100.02 etc