diff --git a/app/utils/calculation_engine/formula_registry.py b/app/utils/calculation_engine/formula_registry.py
index 004bb14..e216ca2 100644
--- a/app/utils/calculation_engine/formula_registry.py
+++ b/app/utils/calculation_engine/formula_registry.py
@@ -44,12 +44,12 @@ def _node(
 
 
 FORMULA_TREE: List[FormulaTreeNode] = [
-    _node(
-        "FINAL_A",
-        "最终估值A",
-        "最终估值A = 模型估值B × 0.7 + 市场估值C × 0.3",
-        "10",
-        children=[
+            _node(
+                "FINAL_A",
+                "最终估值A",
+                "最终估值A = 模型估值B × 0.7 + 市场估值C × 0.3",
+                "10",
+                children=[
             _node(
                 "MODEL_B",
                 "模型估值B",
@@ -224,6 +224,13 @@ FORMULA_TREE: List[FormulaTreeNode] = [
                     ),
                 ],
             ),
+            _node(
+                "DYNAMIC_PLEDGE_RATE",
+                "动态质押率DPR",
+                "动态质押率DPR = 基础质押率 × (1 + 流量修正系数) + 政策加成系数 - 流动性调节因子",
+                "40",
+                group="DYNAMIC_PLEDGE",
+            ),
         ],
     )
 ]