How is the APY calculated?

APY calculation.

The APY is calculated from the reward yield (a.k.a. rebase rate) using the following equation:

It raises to the power of 17,520.00 because a rebase happens 48 times daily. Consider there are 365 days in a year, this would give a rebase frequency of 365 * 48 = 17,520.00.

APY = (1 + rewardYield)

APY = (1+rewardYield)^{17520}

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Last updated 3 years ago

The APY is calculated from the reward yield (a.k.a. rebase rate) using the following equation:

It raises to the power of 17,520.00 because a rebase happens 48 times daily. Consider there are 365 days in a year, this would give a rebase frequency of 365 * 48 = 17,520.00.

APY = (1 + rewardYield)

APY = (1+rewardYield)^{17520}