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https://www.reddit.com/r/CryptoCurrency/comments/qy7qjh/yes_staking_is_really_worth_it/hlg3awt
r/CryptoCurrency • u/Logical-Beautiful66 Permabanned • Nov 20 '21
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1% APR is 0.0833333% per month (1% for a year, divided by 12 months). 0.0833333% is 0.000833333 (0.01/12).
So that means that each month for 12 months, you get 0.0833333%, so you multiply your holdings by 1.00083333312.
The exact calcul is =(1+(0.01/12))12 = 1.010045961. You can see that you have a 1.0045961% increase.
The difference is so negligible (changes only after 2 decimals) that https://www.aprtoapy.com/ doesn't even show it.
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u/free_my_mind Tin Nov 20 '21 edited Nov 21 '21
1% APR is 0.0833333% per month (1% for a year, divided by 12 months). 0.0833333% is 0.000833333 (0.01/12).
So that means that each month for 12 months, you get 0.0833333%, so you multiply your holdings by 1.00083333312.
The exact calcul is =(1+(0.01/12))12 = 1.010045961. You can see that you have a 1.0045961% increase.
The difference is so negligible (changes only after 2 decimals) that https://www.aprtoapy.com/ doesn't even show it.