What is APY?
Learn about Annual Percentage Yield
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 letsearn.io, your $LETSEARN tokens represent your principal, and the compound interest is added periodically on every Rebase event (8 times per day).
Your new principal amount is your then current $LETSEARN token amount, plus your new rebase token amount. This total amount is what gets calculated for your next rebase rewards.
One interesting fact about APY is that your balance will grow not linearly but exponentially over time!