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How the APY is Calculated
Where:
- A = Total Accrued Amount (principal + interest)
- P = Principal Amount
- r = Rate of Interest for each epoch (3 seconds)
- n = # of epochs
We have:
r = 0.000000858%
4 second = 1 epoch
1 year = 7.905.600 epochs
So:
So it means,
Same goes to other time periods.
0.0000858% per block (4 seconds)
0.00128% per minute
0.07% per hour
1.85% per day
12.978% per week
51.89% per month
622,705.81% per year (APY)
P = $1,000
A = (After 1 year) = $ 6,222,705.81
Last modified 1yr ago