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How is the APY calculated?
The formula to calculate the fixed rate upfront yield percentage is based on the inputs the user chooses when interfacing with the Flashstake dapp.
APR = (return * 31536000) / (deposit * stakeDurationSeconds)
Given that a user chooses to Flashstake 10 stETH for 180 days and is set to receive 0.45 wstETH as the upfront yield amount, and if 1 stETH is worth exactly $2,000 then the display may read something like:
Stake 10 stETH ($20,000) for 180 days and instantly receive at least 0.45 wstETH ($900) at 9.125% APR
APR = (900 * 31536000) / (20,000 * 15,552,000) = 9.125%
Last modified 1mo ago