Panther vault launched on AutoShark
Understand the difference between APR and APY to accurately derive your yield!
👨🏫 APY vs APR ➖
APY: Annual Percentage Yield
APR: Annual Percentage Rate
If APR = 365%
Daily APR = 365% / 365 = 1%
If compounded daily,
APY = (1+0.01)³⁶⁵ — 1 = 3678%
When comparing pools or farms, it is more important to look at APY, especially with AutoShark’s where our key difference is that we compound for farmers so we follow the APY% more accurately.
📐 Assuming you have 1000 Panther with APR 365%
Daily APR: 365% / 365 Days = 1%
1000 * 1% = 10 Panther a day
10 Panther * 30% (performance fees) = 3 Panther
Assume Panther = $1.50
Assume BNB = $450
1 BNB = 200 Shark x 5 boost
3 Panther * $1.5 = $4.5
$4.5 (Panther) / $450 (BNB) = 0.01 of BNB
0.01 * 1000 SHARK = 10 Shark
Daily Rewards (With no compounding): 7 Panther + 10 Shark
This is calculated using APR. However, your rewards are compounded every 2 hours and the yields are higher especially in the long run.
📣 Keep updated with us
🦈 Website: https://AutoShark.Finance
🦈 Telegram Group: https://t.me/AutoSharkFinance
🦈 Announcement Channel: https://t.me/AutoSharkAnn
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🦈 Gitbook: https://docs.autoshark.finance/autoshark
🦈 Github: https://github.com/AutoShark-Finance
