How does BlockFi calculate APY for digital assets?

3 answers

• Dec 24, 2021 · 3 years ago
  BlockFi calculates the APY for digital assets by taking into account various factors such as the current market conditions, the interest rates offered by lending partners, and the demand for borrowing digital assets. This calculation allows BlockFi to provide users with an accurate estimate of the potential returns on their digital asset investments.
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• Dec 24, 2021 · 3 years ago
  When calculating APY for digital assets, BlockFi considers the interest rates offered by its lending partners, the supply and demand dynamics of the digital asset market, and the overall market conditions. By analyzing these factors, BlockFi is able to provide users with a competitive APY that reflects the current market environment.
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• Dec 24, 2021 · 3 years ago
  At BYDFi, we calculate the APY for digital assets in a similar way to BlockFi. We take into account factors such as interest rates, market conditions, and demand for borrowing digital assets. This allows us to provide our users with a transparent and accurate estimate of the potential returns on their digital asset investments.
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