The calculation of the APY depending on your selected frequency is based on the following formula:
0.98 reflects the 2% protocol fee
In the following example 365 is daily compounding, you can substitute 365 for the correct number related to your compounding frequency.
APY = [(1 + (APR⋅0.98) / 365) 365] − 1APY\:=\:\left[\left(1\:+\:\left(APR\cdot 0.98\right)\:/\:365\right)\:^{\:365}\right]\:-\:1APY=[(1+(APR⋅0.98)/365)365]−1
Last updated 2 years ago
