 | Hey all I'm looking to get some clarity on the Binance 7-Day APY. Below i was trying to test the calculation: I'm trying to figure out if its better to stake in Exodus or in Binance... but the fact that they call it a 7-Day APY is a bit confusing... like to they pay the earning out every 7 days or is it 0.48% that is being earned every week? I cant imagine that Binance with let you earn 0.48% ADA per year, so i tried calculating in the above image and i think that its 0.48% per week that you will earn, and I'm sure that they will pay out once a week as well. Is there anyone that can confirm this or documentation that i can read about it? This is the Updated formula for Binance after @MissPigi answered my question: [link] [comments] |
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