🤑Fixed APY

Annual Percentage Yield

APY stands for Annual Percentage Yield. This measures the real rate of return on your principal amount by taking into account compound interest. In the case of sBOMB your sBOMB tokens represent your principal, and the compound interest is added periodically on every rebase event (every 15 minutes), otherwise known as an 'Epoch'.

Your new principal is your sBOMB token amount, plus your new rebase token amount. This total amount is what gets calculated into your next rebase reward.

The Power of Compound Interest - It is important to note that your balance will grow not linearly but exponentially over time. Taking a compound interest of 0.02355% / 15 minutes:

EXAMPLE 1: If you started with a balance of only 1 sBOMB on day 1, after a year, your balance will have grown to 3829.45 sBOMB.