How can I calculate the APY for my BTC holdings?

1 answers

• Dec 18, 2021 · 3 years ago
  Calculating the APY for your BTC holdings is crucial for understanding the potential growth of your investment. To calculate it, you need to know the annual interest rate and the compounding frequency. The formula for APY is (1 + (r/n))^n - 1, where 'r' is the annual interest rate and 'n' is the number of compounding periods in a year. You can find the annual interest rate by researching lending platforms or checking DeFi platforms. Once you have the rate, plug it into the formula to calculate the APY. Remember, APY is an estimate and actual returns may differ based on market conditions.
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