> For the complete documentation index, see [llms.txt](https://block-green.gitbook.io/block-green-litepaper-v1/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://block-green.gitbook.io/block-green-litepaper-v1/the-solution/liquidity-providers/what-is-the-apy.md).

# What is the APY?

The APY depends on the discount rate applied to the value of hashrate and the network difficulty development over the term of the agreement.