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Wallets are used to send, receive, and store digital assets like Ether. Wallets come in many forms. They are either built into your browser, an extension added to your browser, a piece of hardware plugged into your computer, or even an app on your phone.
The term ‘APY’ (Annual Percentage Yield) indicates the rewards that you would receive for a staking duration of one complete year. To calculate the amount of rewards (paid in XLN) that you will receive at the end of the staking period, three factors are considered:
We have prepared some helpful examples to show how we made the calculations and what users can expect in terms of rewards below.
You have the option to withdraw early and forfeit 30% of your staked XLN, or stake until full maturity and receive full rewards.
1,000 XLN staked for 3 months
The APY is 15% . For the purposes of this calculation, 15% of 1,000 = 150 XLN
The staking duration is 3 months, therefore the APY for the staking period: (3/12) x 150 = 37 XLN
This means that if you stake until full maturity (3 months), you will get your initial 1,000 XLN back and you will receive 37 XLN in rewards.
10,000 XLN staked for 6 months.
The APY is 20% . For the purposes of this calculation, 20% of 10,000 = 2,000 XLN
The staking duration is 6 months, therefore the APY for the staking period: (6/12) x 2,000 = 1,000 XLN
This means that if you stake until full maturity (6 months), you will get your initial 10,000 XLN back and you will receive 1,000 XLN in rewards
10,000 XLN staked for 6 months, but withdrawn early after 3 months
The early withdraw penalty is 30% . For the purposes of this calculation, 30% of 10,000 = 3,000 XLN
This means that if you only stake for 3 months and not until full maturity (6 months), you will get 7,000 of your initial 10,000 XLN back and you will not receive any XLN in rewards.
