How come it’s advertised 7,000% + APY when the rewards are around 5% every 5 days? So it’s really around 365% APY not 7,000% APY? I am confused can somebody explain this for me? Thanks.
Staking rewards percentage
You are confusing APY with APR.
APY is APR compounded for a year. So yes, the OHM rewards are currently around 438% APR but if you compound the rewards for a year, APY ends up ~7,000%.
Intub824x26x oh I get it now that’s for explaining it for me
Is this a legitimate company?is it possible for me to loose my stake?thanks.
This is a DAO. DYOR.
5 days later
How often does the interest compound?
