By staking EQX you earn daily compounded rewards based on the Tiers you are part of. To learn more about our Staking Tiers, please visit our help center.
You can compute your Staking interest following the below formula:
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
Having your rewards compounded daily, you can use the following steps to compute your earnings:
If you want to compute your earning for less than one time period, which in our case is one year, then t will become the number of days elapsed over the number of days in one year.
Sam Staked 300,000 EQX on May 1st, 2022. This means, Sam is Tier 2, so he’s Staking Reward will be 14% per year. Sam wants to know how much he earned by Aug 11, 2022.
P = 300,000 (initial deposit)
r = 0.14 (the APR related to his Tier)
n = 365 ( days in a year)
t = 102 / 365 ( days elapsed between May 1st and Aug 11th over the number of days in one year)
A = P x ( 1 + r / n ) ^ ( n x t )
A = 300,000 x ( 1 + 0.14 / 365 ) ^ ( 365 x 102 / 365 )
A = 311,967.26 EQX
This means that until Aug 11, Sam earned 11,967.26 EQX.
You can compute your rewards directly using this calculator as in the example below: https://www.thecalculatorsite.com/finance/calculators/daily-compound-interest.php
If you have issues computing your rewards, don’t hesitate to contact our customer support team.