> For the complete documentation index, see [llms.txt](https://docs.loopfi.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.loopfi.xyz/the-protocol/earning-passive-agressive/lpasset.md).

# lpAsset

The APR you're seeing is a **virtual** one, calculated using the formula:

**Interest rate ×** [**Utilization rate**](/the-protocol/earning-passive-agressive/utilization-rate.md) **× (lpETH supply / slpETH supply)**

However, it's important to note that rewards **only accrue when someone repays their debt.**

This means while the displayed APR reflects potential earnings based on market conditions, actual returns depend on borrower activity—no repayments, no rewards.

<figure><img src="/files/Fz5tHxHE4XwEVCROh2jE" alt=""><figcaption><p>lpETH Staking APR</p></figcaption></figure>