βΉοΈHow the APY is Calculated
Compound Interest Equation
A=P(1+r)n Where:
A = Total Accrued Amount (principal + interest)
r = Rate of Interest for each epoch (3 seconds)
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/Pβ1)β100=825992.73 Same goes to other time periods.
Amonthβ=P(1+0.000000858)15β60β24β30=P(1+1.0986) Aweekβ=P(1+0.000000858)15β60β24β7=P(1+0.1888) Adayβ=P(1+0.000000858)15β60β24=P(1+0.025) Ahourβ=P(1+0.000000858)15β60=P(1+0.001) Aminuteβ=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