🔆 How does $gfUSD generates yield?

Example:

Deposit: 100,000 stETH / $186,938,000 USD

Mint: 90,000,000 gfUSD (~200% collateral rate)

Lido APY ~ 4.8% and Galahad Finance charge 1.5% annual fee for every gfUSD in circulation.

1 Year Later Yield from Lido: $186,938,000 x 4.8% = $8,973,024

Galahad Finance Annual Fee: $1,350,000

Yield by holding $gfUSD = ($8,973,024 - $1,350,000) / 90,000,000 = 8.47% APY