To calculate your $HMSTR rewards like a pro, you'll need a few key details:
1. **Amount of $HMSTR Held**: The number of tokens you hold directly impacts your rewards.
2. **Staking Rate or Reward Rate**: This is the percentage or rate at which rewards are given, typically in annualized terms (APY - Annual Percentage Yield).
3. **Time Staked**: The longer you hold your tokens staked, the more rewards you accumulate.
4. **Network or Pool Fees**: In some staking pools, there might be fees that reduce your overall rewards.
5. **Total Tokens Staked in Pool**: The total amount of tokens staked in the pool can affect your share of the rewards.
Here's a formula you can use to estimate your $HMSTR staking rewards:
\[
\text{Rewards} = \left( \frac{\text{Your $HMSTR Held}}{\text{Total Tokens Staked in Pool}} \right) \times \text{Total Rewards Available per Time Period} \times \text{Time Staked}
\]
### Example Calculation:
1. **You hold**: 10,000 $HMSTR
2. **Total pool staking**: 1,000,000 $HMSTR
3. **Reward rate**: 20% APY (0.20 annually)
4. **Time staked**: 1 year
5. **Fees**: Let's say 2% (0.02) in network fees.
Using the formula:
1. Calculate your share: \( \frac{10,000}{1,000,000} = 0.01 \)
2. Calculate rewards before fees: \( 0.01 \times (1,000,000 \times 0.20) = 2,000 $HMSTR \)
3. Apply fees: \( 2,000 \times (1 - 0.02) = 1,960 $HMSTR \)
So, after 1 year, you'd earn **1,960 $HMSTR** in rewards.
### Factors to consider:
- If staking for less than a year, adjust the "Time Staked" factor accordingly (e.g., 6 months = 0.5 years).
- If the reward rate is compounded (compounding interest), this calculation would require a more advanced formula.
By understanding these variables, you can calculate your $HMSTR rewards like a pro.
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