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/biz/ - Business & Finance

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51153253 No.51153253 [Reply] [Original]

Can someone help me calculate my compound staking gains?

If I have 3600 shitcoins and my shitcoin has a staking apy of 179% + it autocompounds, how much will I have end of year?

>> No.51153279

>>51153253
>thinks apy is constant
>doesn't know about impermanent loss
Ngmi

>> No.51153301

>>51153279
There is no impermanent loss. It's single asset staking. My collateral goes to the treasury and is used to create a backed price.

>> No.51153320

>>51153301
Of course, as this becomes more popular the APY would dip, but for now its 179% and has been for a couple weeks.

>> No.51153397

>>51153253
> apy of 179%
>how much will I have end of year?
0

>> No.51153441

>>51153320
Then you are better off calculating it per day or per hour. Also you have to consider if the money you have after staking is over is more than that which you started with. Just google the compound interest formula. I think it's usually
A(1+r/n)^nt
A is your coin value in dollars, r is the apy divided by 100
n should be 12 months and t should be 1 for 1 year

>> No.51153498

>>51153253
21467
https://www.calculatestuff.com/financial/apy-calculator

>> No.51153526
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51153526

>>51153441

>>51153498

Thanks