> For the complete documentation index, see [llms.txt](https://docs.gage.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gage.cash/lend/apr.md).

# The APR figure

Every deal carries one yearly figure so lenders can compare across terms. It is built the same way everywhere and its breakdown is one hover or tap away.

## What the headline is

The repaid case plus sGAGE rewards valued at the pool price, a year at that rate, no compounding.

`Lenders earn ≈ 31.9% a year` on a 1,000 USDG 7-day deal at the 30-day median fixed cost, for example. The exact figure depends on the cost the borrower named, the term, and this week's reward rate.

## The breakdown

| Line                       | What it is                                                                                                      |
| -------------------------- | --------------------------------------------------------------------------------------------------------------- |
| If repaid                  | The fixed cost for the term: `9.12 USDG · 0.50% for 7 days`                                                     |
| If the borrower walks away | The collateral's value now against what you funded. Shown, not headlined, because it needs the borrower to walk |
| sGAGE rewards              | This week's rate at the pool price, on top                                                                      |
| GAGE revenue               | Where the launch's creator fees go: to the sGAGE floor in the GAGE/sGAGE pool, not to deals                     |

## What it is not

* Not a promise. Every deal is its own fixed cost for its own term. The yearly figure only says what a year of deals at this rate would add up to.
* Not compounding. A year at this rate, flat.
* Not the only figure. The amount and percent for the term stay next to it on every surface.

The maths lives in one place in the app so that the list, the listing panel, the deal page and the landing agree.


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