The only number that matters is the excess over the risk-free rate — that is what you are being paid for taking credit, smart-contract or funding risk. Everything below that line you could have earned in T-bills.
Total earned
$6,500
at 6.5% APY
Risk-free equivalent
$4,200
at 4.2% APY
Excess (risk premium)
$2,300
2.30pp above benchmark
Compounded annually, gross of fees, gas and tax. If the excess looks small relative to the risk you are taking — smart-contract exposure, borrower credit, funding-rate reversal — it usually is.