$NOVO APY math's
We calculate APY through the following way:
- A = Total Accrued Amount (principal + interest)
- P = Principal Amount
- r = Rate of Interest for each epoch (24 Hour distribution)
- n = # of epochs
By this methodology our APY & APR is very realistic which rewards holders at a rate of 97% annually with ROI of 1.3% daily, Novoos uses a complex set of factors to support its price and the rebase rewards.
This is very realistic and not extortionately sky high which at any given case, not sustainable in the long term as it is with $NOVO.
This also includes the $NOVO Allowance Fund (NAF) which serves as an insurance fund to achieve price stability and long-term sustainability of the Novoos Protocol by maintaining a consistent 0.000079% rebase rate paid to all $NOVO token holders EVERY 24 HOURS.