What is staking APY?

With compound interest, staking rewards are paid on the interest you accrued in the previous periods. It means the “current stake” for the second month’s calculations would be $2,016.67. Following these calculations, you would eventually have $2,209.43 in your balance after all 12 months. Now we can calculate the staking APY:

Why do staking providers display APY as a range?

It is one of the reasons why staking providers may display APY as a range. In addition, staking rewards are typically not added to investors’ staked balance, which may require additional actions to benefit from the compounding interest.

Why does APY vary with staking periods?

However, the changes in staking APY are still a combination of different factors, and staking rewards can increase or decrease in different staking periods. It is one of the reasons why staking providers may display APY as a range.

What are the best APY staking rewards?

Crypto.com staking rewards offer an APY of up to 14.5% on crypto and up to 8.5% on stablecoins. Moreover, the best APYs require the user to stake CRO tokens, which are native to Crypto.com. Those using the Crypto.com exchange will have access to more than 250 coins. Debit/credit card payments attract a fee of 2.99%. 5.