1. Determine Eligible Holdings:
- Check your current HMSTR token balance.
- Make sure you meet the minimum holding requirements.
2. Calculate the Rewards Rate:
- Find out the current rewards rate, such as 5% annual percentage yield.
- Include any bonus rates or special promotions.
3. Calculate the Rewards Amount:
- Multiply your eligible holdings by the rewards rate.
- For example, with 1000 HMSTR and a 5% rewards rate, you would earn 50 HMSTR.
4. Check the Reward Distribution:
- Confirm how frequently rewards are distributed, like daily or weekly.
- Be aware of any vesting or lock-up periods.
Example Calculation:
- Eligible Holdings: 1000 HMSTR
- Rewards Rate: 5% APY
- Rewards Amount: 50 HMSTR
- Distribution Schedule: Daily
To determine the daily reward, divide 50 HMSTR by 365 days, which gives you approximately 0.137 HMSTR per day.
Keep in Mind:
- Rewards rates and distribution schedules can change.
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