$100 into $1.6 Million - APY Explained
APY stands for Annual Percentage Yield and is the real rate of return on your principle tokens.
When you purchase YieldLock tokens, these tokens represent your principle. Then every 30 minutes your compound interest of 2.35%/day is added to your principle and the new total becomes your new principle amount. This is important because your new, updated principle amount is what is used to calculate your next rebase rewards in 30 minutes time.
The amazing thing about this compounding interest is that your balance will grown exponentially over time.
This is why if you were to purchase $100 of $YLF , and hold them for 14 months, you would then have 1.6 Million $YieldLock . In a scenario where price stayed the same you would have also increased your monetary investment by the same APY. If price is higher after 365 days then your investment is worth even more.
That is the power of compound interest!
This document will explain how YieldLock works and why we're able to so confidently tell you about the project.
YieldLock is an incredible vehicle to grow your wealth quickly with an unprecedented 425,208.3%APY.
How is APY Calculated?
The APY is calculated using the following equation:
A rebase happens 48 times daily (every 30 minutes). Since there are 365 days in a year, this would give a rebase frequency of 365 * 48 = 17,520.00.