But I have an idea and also a question as well concerning staking for the durations you mention above and the APY percentage that comes with it.
Does it really make any sense to stake for 365 days to earn only 25% interest rate when one can actually earn up to 60% APY for the same 365 days(one year)
Now, you might want to ask how is 60% APY possible in 365 days when the site is only offering 25%?
Well, here is the answer, if staking for 90 days pays 15% APY, 90 days is equal to 3 months, and we have 12 months in a year(365 days), now, divide 12 months by 3 months(90 days), you get 4.
Now, this means that one can earn 15% APY 4 times in a year(365 days) 4 times 15% APY is 60, which means, with this formula, one can earn up to 60% APY on their staked Fun tokens by just choosing to stake them for 90 days consecutively all through the year, instead of choosing 1 year outrightly and earning just 25% APY.
How true or possible is this my formula, or calculation.?
APY means annual percentage yield, i.e. interest rate per one year. It's also very logical to assume that the longer you deposit, the higher interest you receive. They want to retain money as long as possible, so, pay higher interest to those who lock funds for longer period of time.
Same sort of mixup can happen when looking at the daily interest given, its only altogether and including compound that its 4% or higher but daily its all alot smaller but still I like that its daily; banks dont give that convenience on deposits some of them Im never sure they pay me anything as it takes forever to appear.
Daily interest is given on the "Earn BTC" page
Daily interest will be calculated at a random time everyday @ 0.0109589% per day.
However for any amount less than 100BTC invested, the daily interest would not seem withdraw-worthy. I would rather run it for a month or a year before I withdraw.
What about 10BTC investment? It generates 0.001BTC daily that is equal of $37 daily or 1200 USD monthly. It's more than enough income for those who live in poor countries and still a very good addition for those who live in rich western countries.