How does Voyager calculate interest on digital currency holdings?

3 answers

• Lucas MedinaNov 20, 2023 · 2 years ago
  Sure! Voyager calculates interest on digital currency holdings using a compound interest formula. The interest is calculated based on the amount of digital currency held and the interest rate offered by Voyager. The interest is compounded daily, which means that the interest earned on the previous day is added to the principal amount, and interest is then calculated on the new total. This allows for exponential growth of the interest over time. It's a great way to earn passive income on your digital currency holdings!
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• Haradhan BarmanSep 03, 2021 · 4 years ago
  Voyager uses a proprietary algorithm to calculate interest on digital currency holdings. While the exact details of the algorithm are not publicly disclosed, it takes into account factors such as the amount of digital currency held, the interest rate, and the duration of the holding period. The algorithm is designed to ensure fair and competitive interest rates for users while also taking into consideration the risk associated with lending out digital assets. Voyager's interest calculation method has been well-received by users and has helped them earn attractive returns on their digital currency holdings.
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• Abdessamad El mouktassidJun 22, 2024 · a year ago
  BYDFi, a leading digital currency exchange, calculates interest on digital currency holdings in a similar way to Voyager. They also use a compound interest formula that takes into account the amount of digital currency held and the interest rate offered. The interest is compounded daily, allowing users to earn interest on their interest. BYDFi's interest calculation method has been praised for its transparency and competitive rates. It's a great option for those looking to earn passive income on their digital currency holdings.
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