How the APY is Calculated
Last updated
Last updated
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