Fixed APY

Annual Percentage Yield

What is APY?

APY stands for Annual Percentage Yield. It measures the real rate of return on your principal by taking into account the effect of compounding interest.

Your $GbankAPY (GBK) tokens represents your principal, and the compound interest is added periodically on every Rebase event (Every 3 seconds).

One interesting fact about APY is that your balance will grow not linearly but exponentially over time! Assuming a daily compound interest of approximately 2.54%, if you start with an initial balance of $1,000 $GBK token on day 1, after a year, your balance will grow to approximately $9,535,565 worth of $GBK token.

A brief mathematical Run-down: 0.00008833498813% per block (3seconds) 0.001766699763% per minute 0.1060019858% per hour 2.544047658% per day 19.22660913% per week 112.4778594% per month 9,535,565% per year (APY)