🤔What is APY?

APY stands for Annual Percentage Yield. This measures the real rate of return on your principal tokens amount by taking into account the effect of compounding interest. In the case of Daddy APE, your $DAPE tokens represent your principal, and the compound interest is added periodically on every Rebase event.

Your new principal amount is your then current $DAPE token amount, plus your new rebase token amount. This total amount is what gets calculated for your next rebase rewards.

Our starting pool will have a 354.432% APY.