ℹ️How the APY is Calculated
Compound Interest Equation
A=P(1+r)n
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:
A=P(1+0.000000858)7905600=P(1+8259.92)
So it means,
APY=(A/P−1)∗100=825992.73
Same goes to other time periods.
Amonth=P(1+0.000000858)15∗60∗24∗30=P(1+1.0986)
Aweek=P(1+0.000000858)15∗60∗24∗7=P(1+0.1888)
Aday=P(1+0.000000858)15∗60∗24=P(1+0.025)
Ahour=P(1+0.000000858)15∗60=P(1+0.001)
Aminute=P(1+0.000000858)15=P(1+0.0000858)
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)
Example:
P = $1,000
A = (After 1 year) = $ 6,222,705.81
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