They are giving aprox 0.01% daily interest (400.000 satoshis get 40/day) and the rest of the faucet keeps on being the same. You also get a 25% on your referals daily interest
Thank you for clarifying this key point. The interest rate is 4% APR, which stands for Annual Percentage Rate (i.e., the amount of return you receive after 1 year). We pay 1/365th of that 4% each day so you start getting paid immediately and so your interest paid then earns interest going forward.
Well it's not so difficult to believe in then.
It's more or less the interest rate you get from a bank in fact ^^
A bit more in traditional banking to be honest.
Exactly! And it's a lot more interest than banks are paying in many western countries. The EU is talking about negative interest rates. And in the US interest rates are at 1% or lower.
It's not aboout being paid more tham with banks, but of seeing a fair system that you can control, you have no contract and can decide when to start earning and when to stop doing so