Here is a free calculator for calculator for calculating your staking rewards in any staking platform or in DeFi (Decentralized Finance). You only need to specify your principal staking amount, the estimated APY the staking platform is offering, and the staking period or duration. Then the calculator estimates your daily rewards and total rewards.
Features of the Staking Rewards Calculator & How it Works
Below are some unique features of the staking calculator app and how to use it:
User-Friendly and Responsive Interface
The calculator has a very user-friendly and responsive interface that can be used on any device, both mobile and PC. Also, it is very interactive. So any trader can use it easily, even newbie crypto traders.
Can be Used to Estimate Staking Rewards for any Staking Platform
You can use this calculator to calculate the staking rewards in any staking platform.
All you need to do is to first take note of the APY the staking platform offers for the coin you wish to stake, and the allowed staking period. Most times, the APY varies directly with the staking period. Also, APY offered for any coin tend to decrease as more stakers stake the coin in a particular staking platform.
Next, enter the name of the coin you wish to stake in the appropriate field in the app.
Now, enter the principal amount of the coin you staked or wish to stake.
Also, enter the staking period/duration (in days).
Then, press the Calculate button.
Shows you both your Daily and Total Staking Rewards
This staking rewards calculator calculates and displays both your daily staking rewards and the total rewards you will earn at the end of the staking period.
When you click the Calculate button, the staking rewards calculator app calculate your staking rewards, based on the staking details you specified. Then it will show you your daily rewards and the your total rewards at the end of the specified staking period.
If you wish to calculate the staking rewards of another coin, then press the RESET button.
Important Staking Terminologies you Need to Know
Principal Staking Amount: This is the number of units of a coin/token you staked or wish to stake in a staking platform. It also determines the amount of staking rewards you will earn at the end of the staking period.
APY: APY means Annual Percentage Yield. It is the estimated annual rate of returns from staking for a whole year. Here, the effect of compounding interest is also taken into consideration. Note that for any staking pool, as more funds are being staked or locked, the APY reduces.
Staking/Lockup Period: This is the period in which the crypto asset you staked will be locked up in a smart contract, mostly specified in days. Most staking platforms have minimum staking/lockup period. For most staking platforms, within these period, you might not have access to crypto asset you staked. Some other staking platforms allow you to unstake your coins any time you wish, sometimes with a penalty.
NOTE that rewards for staking are usually paid out in the same coin that was staked, although some projects might choose to pay out their staking rewards in another coin/token.
Staking Rewards Calculator App for any Staking Platform by BuzzingPoint.com
Check out the full tutorial on how to calculate your staking rewards with this free staking rewards calculator by BuzzingPoint.com.
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