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# APY Formula

Describing the Annual Percentage Yield Formula in detail.

The APY is calculated using the following equation from the reward yield (also known as the rebase rate):

Because a rebase occurs 1 time a day, it rises to the power of 365.

Given that there are 365 days in a year, the rebase frequency is 365*1 = 365

AmountAPY = (1+ RewardYeld) at the power of 365

Last modified 9mo ago