The interest calculation follows the 30/360 convention, assuming each month has 30 days and the year has 360 days, to ensure consistent quarterly and monthly payments.
For example, if you invest 10,000 USDC/USDT in ALFI tokens, your annual interest would be 1,100 USDC/USDT (11% of 10,000 USDC/USDT). Each quarter, you would receive approximately 275 USDC/USDT, minus the applicable management fee. Monthly, this would be roughly 91.67 USDC/USDT, before the management fee.
How is the quarterly interest on the ALFI token calculated?
Joe