Skip to main content
MolQ separates live exposure from a hypothetical target allocation.

​
Active projected APY

Active projected APY uses the capital and hedge exposure that currently exist: 
shield contribution = Aave supply APY x actual shield share
hedge contribution  = short funding APY x actual hedge share
active projected APY = shield contribution + hedge contribution
When the Bybit hedge is zero, negative funding does not reduce active projected APY. It only affects the target scenario.

​
Target scenario APY

Target scenario APY estimates the current market opportunity if the complete 85% shield and 15% hedge policy were active: 
target scenario APY =
  (Aave USDe supply APY x 85%) +
  (ETHUSDT short funding APY x 15%)
For a short perpetual position:
  • Positive funding means longs pay shorts.
  • Negative funding means shorts pay longs.
If Aave supply APY is 0.61% and short funding APY is -5.71%, the target scenario is: 
(0.61% x 85%) + (-5.71% x 15%) = -0.34%
Projected APY is not realized performance, a promise, or a guaranteed return. Aave rates and perpetual funding change continuously. Trading fees, slippage, basis movement, exchange risk, and operational costs can reduce returns.

​
Realized profit

Realized external profit is only reported after USDe is returned to the vault through hardenProfit. Unrealized exchange PnL is displayed separately and is not counted as vault profit.