diff --git a/overview/protocol-fees.md b/overview/protocol-fees.md index b9e2b45..6b19fe5 100644 --- a/overview/protocol-fees.md +++ b/overview/protocol-fees.md @@ -19,7 +19,7 @@ If a Credit Account is liquidated, some percentage goes to a third-party liquida The protocol takes spread as a fee between the APY which liquidity providers recieve and the fee & farmers pay for borrowing their assets. The exact value of this fee is calculated as following: -* Each pool has it’s interest rate curve. This interest rate curve represents borrow APY that lenders receive as a function of pool’s utilization r(u). See details and formulas at [dev docs](https://dev.gearbox.fi/docs/documentation/pools/intro/#rt---borrow-apy). +* Each pool has it’s interest rate curve. This interest rate curve represents borrow APY that lenders receive as a function of pool’s utilization r(u). See details and formulas at [dev docs](https://dev.gearbox.finance/docs/documentation/pools/intro#rt---borrow-apy). * Borrowers pay borrow APY to liquidity providers and pay spread fee to DAO spreadFee. That means effective borrow rate for borrowers is calculated as r(u)\*(1+spreadFee). DAO receives r(u)\*spreadFee. {% content-ref url="../liquidity-providers/pools-and-apy.md" %}