What is APY in crypto? How to find staking APY in your Exodus wallet.

What is APY?

Annual percentage yield, or APY, is the projected rate of annual return after accounting for compounding interest.

Compound interest is when you earn rewards on both the original amount and any rewards you have received.

For example, let's say you deposit $5000 USD into a savings account at your bank with an APR (annual percentage rate) of 1%. Let's also assume you receive dividends every month. Here is how the monthly dividends will be paid into your account:

Month	Dividends
January	$4.167	You are paid 1/12th of your annual 1% APR on the $5000 in your account
February	$4.170	You are paid 1/12th of your annual 1% APR on the $5004.16 in your account
March	$4.174	You are paid 1/12th of your annual 1% APR on the $5008.34 in your account

As you can see, each month, you do not only earn interest on your initial deposit but also on the interest accrued from previous months.

By the end of the year, you will have accrued more than the APR of 1%, and in this example, your actual yield will be closer to 1.005% due to the compounding interest.

Your actual yield, which in this example is 1.005%, is the APY.

Video tutorial: What is APY?

How does Exodus calculate crypto APY?

Exodus displays an estimated staking APY beside each stakeable asset.

This APY shown is an estimate based on current network conditions and recent validator performance.

Staking APY is not fixed and can fluctuate depending on several factors, such as network activity and the performance of validators or stake pools.

What staking APY will I receive when staking in Exodus?

The APY displayed in your wallet is an estimate provided for informational purposes.

Exodus calculates this estimate based on current network data and validator or stake pool performance. However, actual rewards may vary due to changing network conditions and validator performance.

Please note that the process for earning and claiming rewards depends on which asset you are staking.

The process for earning and claiming rewards depends on the asset being staked. For some assets, rewards automatically compound as part of your staked balance. For others, rewards must be claimed and manually staked to earn compound interest.

To learn more about the assets you can stake in Exodus, visit: Does Exodus pay stakes? How to stake crypto.

How can I see the APY for staking assets?

In Exodus, from the staking section in your wallet, you can view the APY for all the assets you can stake.

Mobile

In Exodus Mobile, a) tap the Wallet icon, then b) swipe down to go to the profile screen.
Tap Staking.
Here, you'll see all stakeable assets in Exodus Mobile and their current APY.

Desktop

In Exodus Desktop, a) click on the Portfolio tab. b) Click APY Rewards to filter by stakeable assets.
The APY Rewards column displays the current APY for each stakeable asset you have enabled.