INVESTING IN OILZ FINANCE: FIXED ANNUAL PERCENTAGE YIELD (APY)
In DeFi, APY is the rate at which returns on a token/currency are made by factoring in the compound interest effect. Despite the popular opinion that APY and traditional savings are synonymous, APY is a vital indicator for Cryptocurrency investments and they go hand in hand. Cryptocurrency investors typically stake their tokens or engage in yield farming to gain APY on those tokens. Any Crypto Token holder can gain APY on their crypto coins by using crypto exchange platforms, wallets, and Decentralised Finance (DeFi) protocols.
HOW DOES THE FIXED APY IN OILZ FINANCE WORK?
Oilz.Finance is offering a DeFi asset and platform where investors and users can obtain the benefits of a sustained Fixed compound interest model.
In Oilz Finance, the principal amount for any investor is the $OilZ token. Additions of compound interest are made every fifteen minutes. New Principal is calculated by the sum of the current $Oilz Token value available in the wallet and the new rebase token value. The value derived from this calculation is the basis for determining the next rebase rewards.
One fascinating thing about the OilZ Finance APY is the growth of the Token balance day after day. Assuming there's a 0,0243% compound interest, and Mr Duncan, an investor starts up with 1 $Oilz token on the first day, his Oilz balance will now be 0,0243% $OilZ tokens.
APY IN OILZ FINANCE IS INFLUENCED BY CERTAIN FACTORS INCLUDING:
INFLATION
The gradual depreciation in the value of a currency is termed inflation. In DeFi, and in this case OilZ Finance, inflation is defined as the addition of new $Oilz Tokens at a set rate. The rate of inflation can have a major impact on staking returns on $OilZ tokens. Take, for example, if the APY for $Oilz Token is lower than its inflation rate, it means that earnings would be diminished.
SUPPLY AND DEMAND LAWS
Prices are affected by the effects of demand and supply, much like in a traditional market economy. In Oilz Finance, investors by lending out their tokens can derive profits. Since the amount of profit made is influenced by the demand for borrowing the token, rates can be affected by the market dynamics.
Interest rates are typically added on borrowed tokens, and this rate is reduced when there's abundant supply and greater when there's scarcity. However APY is variable and this is dependent on the degree of demand for the token, which in this case is $Oilz as well as its liquidity.
CONCLUSION
All cryptocurrency investors need a mechanism to analyze available ventures in investing and calculate the amount of money made. The OilZ Finance allows investors to accrue the highest fixed Annual Percentage Yield in the Crypto space. These benefits enable investors to gain satisfactory returns, with the effect of compound interest on their investments. Naturally, a higher Annual Percentage Yield (APY) indicates more money for investors, thus weighing APY possibilities will help them find the most profitable investment opportunity.
USEFUL LINKS;
Website: https://oilz.finance/
Telegram: https://t.me/OilZFinanceChat
Twitter: https://twitter.com/OilzFinance
Discord: https://discord.gg/v3PQUtyNsf
Reddit: https://www.reddit.com/user/OilZFinance
YouTube: https://www.youtube.com/channel/UCtw9sTuZSwQxiQ6XSp3MHPA
AUTHOR’S DETAILS
Bitcointalk Username: Annamike
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767339;sa=summary
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