The stated on the platform annual percentage yield (APY) is the interest you earn for one year you hold your assets in the CoinLoan Interest Account. APY for a period other than one year will be slightly different.
In the Interest Account tab, you can see an interest rate based on a compounding period of one year. Compound interest means that earned interest will be added to the principal sum of a deposit, or in other words, you’ll receive interest on interest. It is the result, with every passing month you earn more and more: on the principal sum plus previously accumulated interest.
To calculate your interest for any term, from 7 days to 3 years, you can use the calculator on our home page.