# How is the APY calculated?

APY calculation

The

**APY**is calculated from the reward yield (a.k.a. rebase rate) using the following equation:It raises to the power of 17,520.00 because a rebase happens 48 times daily. Consider there are 365 days in a year, this would give a rebase frequency of 365 * 48 = 17,520.00.

Last modified 1yr ago