> 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/looping-leveraged-restaking/points-apr.md).
# Points APR
Although Points don't have an official APR, we can derive an implied APR by examining what users are willing to pay for Points "yield" in the Pendle & Spectra YT markets. The following formula demonstrates our method for calculating the implied APR for Points:
$$
APR\_{implied} = \text{Looping Multiplier} \times \left(\frac{YT\_{price}}{\text{Points Multiplier} \times \text{DTE}}\right) \times 100 \times 365
$$
### Implied APR Formula Terms Defined:
$$
\text{Looping Multiplier} = \text{Loop Factor} \times \text{Points Multiplier}
$$
$$
YT\_{price} = \text{YT} Oracle\_{price}
$$
$$
\text{DTE} = \text{YT Days Until Expiry}
$$
By combining the Levered APR stemming from Native Yield and the Points APR, we can calculate the Total Looped APR as follows:
$$
\text{Total Looped APR} = \text{Native Yield APR} + \text{Points APR}
$$
{% hint style="info" %}
To convert APR to APY, apply the continuous compounding formula: $$APY=e^{APR}−1$$
{% endhint %}
### Example Calculation of APR ynETH with EigenLayer Points and Yieldnest Seeds
$$
APR\_{implied} = \text{Looping Multiplier} \times \left(\frac{YT\_{price}}{\text{Points Multiplier} \times \text{DTE}}\right) \times 100 \times 365
$$
ynETH Points Implied Yield is a sum of both EigenLayer Points and Yieldnest Seeds
ynETH Vault
Looping Multiplier
Points Multiplier
ynETH 5x
15
3 Yieldnest, 1 EigenLayer
---
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