Understanding the Flurry APR on rhoToken

Published in

Flurry Finance

4 min readDec 20, 2021

WE are talking about the RHO APR on Flurry DApp, not the APR of the FLURRY reward token.

The APR rate on the Flurry DApp Earn section reflects the annual return rate on the fund deployed in the lending pool. We’ve been talking about yield aggregating throughout the entire time, but how do you know your deposit is actually making an earning in the DeFi protocols?

You might find the following chart a little different from the normal excel calculation sheets, but RHO token holders should be familiar with the chart below:

*The RHO APR has a few factors in. Click on the % figure under “APR”, the yield aggregating rate will be revealed.*

Have you ever wondered how does the RHO APR on Flurry DApp is calculated?

As our team is trying to make everything as transparent as it can be, we will dive into the number games and let us walk you through how these indicative rates are going to affect your stablecoins and RHO tokens earnings.

*RHO tokens are available on Binance Smart Chain & Polygon only as per this content’s being published.

Fund allocation

Let’s take rhoUSDT as an example. After clicking on the APR rate on rhoUSDT, the details are revealed as below.

The amount of USDT on the Flurry Protocol is split into two parts — 14,894 in Cash and 150,910 on Rabbit Strategy — summing up to 165,804.

In this case, only USDT150,910 is on the yield farming process, whereas USDT14,894 is the amount in idle.

Supply Rate & Bonus APR

Supply Rate APR is the lending pool interest rate, whereas Bonus APR is the reward token accumulation rate.

The rhoUSDT APR (in blue above) is the sum of Supply Rate APR and Bonus APR.

So how does all these numbers conclude to attain “Instant APR 12.40%” and what is Indicative APR?

Instant APR

Instant APR is the interest rate that you will get in this very second of your deposit. Say for example, you deposited and minted 10,000 rhoUSDT, the interest amount from the daily rebasing would be:

10,000 *12.40% / 365days = 3.47rhoUSDT.

However, why is it different from the APR on the Rabbit Strategy?

It’s because not all RHO tokens are receiving interest from the rebasing mechanism. At the moment, rebasing is not applicable to RHO tokens put on smart contracts.

You can see from here that 93.01% of the total amount (USDT 165,804) is actually rebasable; hence the interest earned from 150,910 will be shared by the 93.01% rhoUSDT holder.

The Instant APR can be demonstrated in this calculation:

(150,910/ 165,804)*12.68% / 93.01% = 12.40%

So what about the indicative APR?

Indicative APR

The indicative APR is the APR rate after rebasing occurs everyday at 8am UTC.

If you click on the “i”, you will see the explanatory of Indicative APR as shown below:

All the above figures change depending on the Supply Rate APR & Bonus APR on different strategies, as well as the deposit amounts on Flurry Protocol which will also change the APR in real-time.

All in all, rhoToken is one of the most stable and convenient solutions to grow your stablecoin.

About Flurry Finance

FLURRY is a DeFi protocol offering yield aggregation with rhoToken, which is pegged 1:1 to its underlying stablecoin. It automatically farms for yields without locking up funds or interest earned by diversifying DeFi product risk, resulting in lower gas fees.

We automate the tedious task of locking/unlocking and switching in and out of DeFi products on different chains to generate yield. Current yield aggregators are limited to Ethereum based products or work on a single chain, whereas FLURRY aims to work cross-chain to look for the best yield after cost on different chains.

Contact Us
Announcement: https://t.me/FlurryFinance_News
Chat: https://t.me/FlurryFinance_Official
Twitter: https://twitter.com/FlurryFi
Discord: https://discord.gg/t78aN3dmD2
Medium: https://medium.com/flurry-finance
Website: https://flurry.finance/