📢 Make $100-1000 Passive Income Monthly: How to Calculate Your Daily Rewards (APR) 💰
Hey guys! I shared an amazing earning opportunity yesterday where you can earn up to $100 or more depending on your staking capacity.
🚀 I want to further clarify the post as some of my followers got confused with the terms in the content.
• Binance Earn is offering dynamic APR for their various products (this means that the APR can change, decrease, or increase).
• APR stands for annual percentage rate. That's the percentage you're seeing is per year, not monthly.
• Your rewards are earned daily; you don't have to wait an entire year to earn a reward.
• Rewards are being calculated according to the APR.
• This is flexible staking, meaning you can unstake at anytime.
• APR is slightly different from APY (annual percentage yield). Here, your earnings are reintroduced to the pool to earn more rewards automatically until they are redeemed.
🌐 How to Determine Your Earnings Daily (How to Calculate APR)
Using FDUSD as an example. Binance Earn is offering 11.57% APR here.
Let's assume you're staking $20,000 in FDUSD. Your daily earnings are:
$20,000x0.1157 = $2,314 APR (one-year reward)
2,314/365 days = $6.339 (daily reward)
6.339x30 = $190.1 (monthly reward)
🏮 Check if it corresponds with the automatic calculation we have in the attached image.
This is how to calculate the APR, irrespective of the amount staked.
NB: There might be slight changes when the APR changes and due to earnings from your early rewards.
Check out the initial post here.
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