DApps Update: Stake & Earn
With the launch of StableDoc’s first product (Staking and Farming), our community members can now stake and farm their tokens by visiting here
We will explain in detail what APY is and how our APY works.
What is APY?
This is referred to as Annual Percentage Yield (APY). The APY is calculated annually, and it is the rate of return earned on your farming and staking.
How does StableDoc AYP work?
We would like to point out that our APY is flexible, often varying based on how many SDT tokens we have in the pool at any given time. In a scenario in which more people stake their tokens, the APY is bound to decrease, and in a scenario in which more people unstake their tokens, the APY automatically increases.
How to Calculate APY
In this case study, we used 150,000 SDT to calculate the APY on our platform at 14.57%
SDT Amount: 150,000
14.57 / 100 = 0.1457
150,000 x 0.1457 = 21,855
21,855 / 365 = 59.876
Based on the above calculations, it means that staking 150,000 SDT at an APY of 14.57% will earn 21,855 SDT annually and 59.876 SDT Daily.
Due to our APY not being fixed, we advised you to use the APY displayed on either the Staking or the Farming Pool you are calculating for every time.
Similarly, if the APY goes from 14.57 to 22% then you have now automatically staked at that APY as well. If the APY drops below the first APY you staked, then the same applies.
— The StableDoc Team.
Contract Address: 0x543C7eBb52D56985f63F246A5b3558AFF79037d7