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1.0.0
1.0.0
  • Introduction
  • Definitions
  • Getting Started
    • Using docker
      • Install Docker
      • Build using Docker
    • Install without Docker
      • Prerequisites
      • Setting Up The Node
      • Interact With The Node
      • Building Smart Contracts
    • Deploying Our PoC
      • Asset Manager
    • Interest Calculation
    • Audit Report
  • API References
    • NFT Lend
    • NFT Rent
    • NFT Exchange
  • Community Links
    • Github
    • Twitter
    • Discord Community
    • Telegram Community
    • Telegram Channel
    • LinkedIn
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  1. Getting Started

Interest Calculation

PreviousAsset ManagerNextAudit Report

Last updated 4 years ago

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Vera uses a daily compounding interest rate mechanism based on binomial expansion.

  • k = Amount

  • N = Total days

  • q = 365 * 100 / interest rate

k∗(1+1/q)Nk * (1+1/q) ^ Nk∗(1+1/q)N

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