Get to Know More about APY

What is APY?

Welcome to REFIT.
With REFIT, you can automatically earn passive income in your wallet!

What is APY?

APY Description will be provided today.

APY stands for Annual Percentage Yield. Annual percentage yield (APY) acts as a cryptocurrency savings account similar to an annual percentage rate (APR) account. In general, the annual percentage yield (APY) is a method of calculating the amount of money earned on a money market account over the course of a year. Easily said, this is a technique to track how interest accumulates over time. This measures the real rate of return on your principal tokens amount by taking into account the effect of compounding interest. In the case of Refit Plus, your $REFIT tokens represent your principal, and the compound interest is added periodically on every Rebase event. Note that our Rebase is done every 15 minutes!

Interesting fact about APY? Users balance will grow not linearly but exponentially over time!

The interest you earn on your funds is referred to as compounding interest. Compounding makes it possible to create money over time, which is why it is such a strong instrument for investment.

The power of compound interest is surely amazing.

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