At HEXN, you can earn up to 20% APY simply by holding your crypto in savings. In this article, we’ll explain how to understand APY and estimate your potential earnings over time.
What is APY?
APY (Annual Percentage Yield) reflects the total return you would earn in one year, assuming the rate remains stable. The rates displayed on our platform are annual, which means the actual return for a shorter period (e.g., 7 or 30 days) will be proportionally lower.
How to calculate your profit
You can use a simple formula to estimate your profit for a custom period:
Profit (%) = (APY / 365) × X
Where:
- APY is the annual rate offered for the selected coin
- X is the number of days you plan to invest
Example
Let’s say you want to invest $100 for 30 days, and the APY offered is 15%.
Using the formula:
15 / 365 × 30 = 1.23%
So in 30 days, you would earn 1.23% on top of your initial investment.
That’s $100 × 1.0123 = $101.23
Use our profit calculator
To make things easier, you can use the interactive calculator on our home page. Just select the coin, input the amount you plan to invest, and choose the duration. The widget will instantly show your estimated profit.
