Accrued income is paid out when your Earn account is closed. Upon closure, the entire principal amount of your investment, along with the earned income, is transferred to your wallet.
How Is Income Accrued?
Income is accrued based on the interest rate and the payment period. It is credited to the account at the end of the operational day using the formula:
PeriodRevenue = BaseAmount * APY * (Period/360)
Where:
- PeriodRevenue is the income for the period,
- BaseAmount is the principal amount of funds in the Earn account (the calculation base),
- APY is the annual percentage yield at the end of the operational day.