💸How the APY is Calculated

Calculating APY

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 = 0.02604% 3 second = 1 epoch 1 year = 10512000 epochs

So:

$$A = P(1 + 0.000000858)^{10512000}= P(1+8259.92)$$

So it means,

$$APY =(A/P -1)*100 = 825992.73$$

Same goes to other time periods.

$$A_{month}=P(1+0.000000858)^{20*60*24*30}=P(1+1.0986)$$

$$A_{week}=P(1+0.000000858)^{20*60*24*7}=P(1+0.1888)$$

$$A_{day}=P(1+0.000000858)^{20*60*24}=P(1+0.025)$$

$$A_{hour}=P(1+0.000000858)^{20*60}=P(1+0.001)$$

$$A_{minute}=P(1+0.000000858)^{20}=P(1+0.0000171)$$

0.0000858% per block (3 seconds) 0.00171% per minute 0.1% per hour 2.5% per day 18.88% per week 109.86% per month 1.289,990,50% per year (APY)

Example:

P = $1,000

A = (After 1 year) = $12.899,905