One of the most popular questions about GMT Staking is how APR with a floating interest rate is calculated.
21 Feb 2023, 15:00
One of the most popular questions about GMT Staking is how APR with a floating interest rate is calculated.
We've already mentioned that the final result depends on many factors such as the mining equipment market, bitcoin network complexity, which changes approximately once every 2 weeks, BTC price, and the overall situation on the cryptocurrency market.
Today we'll give you a specific formula for calculating APR so you'll no longer have any questions on this topic.
So:
APR(%) = (income * 365 * BTC/USD) / (GMT/USD) * 100%
š£ income is the actual payment in BTC for today for 1 GMT token;
š£ BTC/USD is the average value of BTC to USD for today;
š£ GMT/USD is the average cost of GMT to USD for today.
This indicator reflects the ratio of the benefits received in dollars for the year to the cost of GMT at today's exchange rate.
We remind you that when choosing flexible staking, holders will receive rewards in BTC daily.