diff --git a/packages/extension-polkagate/src/hooks/getValidatorApy.ts b/packages/extension-polkagate/src/hooks/getValidatorApy.ts
deleted file mode 100644
index 8e4bd7167..000000000
--- a/packages/extension-polkagate/src/hooks/getValidatorApy.ts
+++ /dev/null
@@ -1,74 +0,0 @@
-// Copyright 2019-2024 @polkadot/extension-polkagate authors & contributors
-// SPDX-License-Identifier: Apache-2.0
-
-import type { ApiPromise } from '@polkadot/api';
-import type { Compact, Option, u128 } from '@polkadot/types';
-import type { Perbill } from '@polkadot/types/interfaces';
-//@ts-ignore
-import type { PalletStakingEraRewardPoints } from '@polkadot/types/lookup';
-
-import { BN, BN_HUNDRED, BN_ZERO } from '@polkadot/util';
-
-export async function getValidatorApy (api: ApiPromise | undefined, validatorAddress: string, total: BN, commission: Compact<Perbill>, currentEra: number): Promise<string | null | undefined> {
-  if (!api) {
-    return;
-  }
-
-  // Define the number of past eras you want to check (e.g., last 10 eras)
-  const eraDepth = 10;
-  let depth = 0;
-  let totalDepth = 0;
-  const decimal = new BN(10 ** api.registry.chainDecimals[0]);
-  let totalRewards = BN_ZERO;
-  let totalPoints = BN_ZERO;
-  let validatorPoints = BN_ZERO;
-  let totalStaked = BN_ZERO;
-
-  // Loop over the past eras to calculate rewards for the validator
-  for (let eraIndex = currentEra - eraDepth; eraIndex < currentEra; eraIndex++) {
-    const eraReward = await api.query['staking']['erasValidatorReward'](eraIndex) as Option<u128>;
-
-    if (eraReward.isNone) {
-      continue;
-    }
-
-    depth++;
-
-    const eraPoints = await api.query['staking']['erasRewardPoints'](eraIndex) as PalletStakingEraRewardPoints;
-
-    let validatorEraPoints;
-
-    for (const [address, points] of eraPoints.individual.entries()) {
-      if (address.toString() === validatorAddress) {
-        validatorEraPoints = points;
-        break;
-      }
-    }
-
-    if (validatorEraPoints) {
-      // Accumulate the validator's points and total points
-      validatorPoints = validatorPoints.add(validatorEraPoints);
-      totalPoints = totalPoints.add(eraPoints.total);
-      const _eraReward = eraReward.unwrap();
-
-      totalRewards = totalRewards.add(_eraReward.mul(validatorPoints).div(totalPoints).muln(100 - (commission.toNumber() / 1e7)).div(BN_HUNDRED));
-    }
-
-    const totalAsBN = new BN(total.toString());
-
-    if (totalAsBN.isZero()) {
-      continue;
-    }
-
-    totalDepth++;
-    totalStaked = totalStaked.add(totalAsBN);
-  }
-
-  totalStaked = totalStaked.div(decimal).divn(totalDepth);
-  const dailyReward = totalRewards.div(decimal).divn(depth);
-  const dailyReturn = dailyReward.toNumber() / totalStaked.toNumber();
-
-  const APY = (dailyReturn * 365 * 100).toFixed(2);
-
-  return APY;
-}