How is APY calculated?

The APY is calculated from the return on interest itself (based on the known relocation rate) using this formula:

Using a simple formula when calculating, 8% x 31 = 248% per month and 8% x 365 = 2,920.08% per year. The more transactions on the network, the more percentage you will get from relabeling.

It comes to 17 520,00 because this rebasing happens about 48 times a day - 8% commission on one transaction, and there are at least 48 transactions per day. That is, the more transactions per day in our network, the higher percentage of the rebasing you get. You have to realize that there are 365 days in a year, and this will give you a recharge frequency of 48 x 365 = 17,520.00. This is the simple principle of the formula.