The difference between APR and APY

A lot of people here are staking their crypto, so I assume most of you have encountered these terms before, but a lot of people don't really understand the difference between the two. As such I thought I would explain the difference as simply as possible.

**APR = Annual Percentage Rate**

This is the amount you can approximately expect the initial amount of money to get in interest over one year. For example, if you staked $1000 worth of ETH and got an APR of 6%, you would expect to have about $1,060 by the end of the year:

$1000 x (1.06) = $1060

However, this is assuming that you only get one payment at the end of the year of $60 for a year's worth of interest, and we all know that by staking crypto, you get payments more often than that. Some get interest payments every week, or even every day. Now let's assume you receive interest payments daily. The amount of interest you get every day is the APR divided by 365, since there are 365 days in a year. So your daily interest rate is:

6%/365 days = 0.01643836% every day in interest

So after one day, you will have:

$1000 x (1 + 0.06/365) = $1,000.16438

Now, on the second day, it will give you the same 0.01643836% in daily interest, but it won't use the $1000 you put in initially, it will give you interest based on how much you currently have staked, which is now $1,000.16438 after one day. So after you get your interest payment on the second day, you will have:

$1,000.16438 x (1 + 0.06/365) = $1,000.32879

It will then use the number you have after two days to calculate the interest you will receive for the third day. Notice how every day, the amount of money you have is increasing, and as a result the amount of money you receive in interest increases every day. This is called *compound interest*, and that's where APY comes in.

**APY = Annual Percentage Yield**

This is the amount of interest you receive in a year taking into account compound interest. In other words, this is the how much interest you will receive taking into account you will be getting payments throughout the year. So if you have an APR like we said of 6%, and you receive interest payments daily, your APY is calculated as such:

APY = (1 + 0.06/365)^365 - 1 = 6.18313106779%

So in one year, you're actually getting 6.18313106779% in interest, not just the 6% that the APR said you were getting. So after one year you would have:

$1000 x (1.0618313106779) = $1,061.83

**To Sum Up**

Amount you will have after one year according to APR:

$1060

Amount you will have after one year according to APY:

$1,061.83

As you can see the numbers are not the same. APY just gives you a more accurate indicator as to how much you can expect to receive in interest by the end of the year.

**So which is better: 6% APR or 6% APY?**

If you noticed, the percentage I calculated in APY is higher than the percent APR said you would be getting:

6% APR = 6.18313106779% APY (with daily payments)

So, if you have the option to choose between 6% APR and 6% APY with the same frequency of payments in a year (in this case daily payments), always choose 6% APR, since that comes out to be higher than 6% APY.

Source: Reddit.

#Vaccination is key for region’s #ZeroCovid economies... not just for reopening, but for survival.

If it doesn't pick up significantly next few months, HKU Dean of Medicine Gabriel Leung says "we could be facing a worse pandemic in this part of the world that has never really been exposed to the virus on a large scale yet."

#Asia #Covid19 #pandemic #strategy

What is #Asia’s #ZeroCovid exit strategy?

Across Asia -- from Hong Kong to Australia, New Zealand to Singapore -- governments have staked their pandemic success on eliminating the virus.

Taking a "Zero Covid" strategy, these places have managed to keep cases down through strict border controls and quarantines. But as people in the West -- especially in the UK and US -- begin to experience a pre-pandemic normal, people across Asia will go through yet another season of closed borders.

To rejoin the rest of the world, vaccination is key for the region’s pandemic success stories... not just for reopening, but for survival.

HKU Dean of Medicine Gabriel Leung says getting everyone vaccinated during the northern hemisphere summer is critical, otherwise "we could be facing a worse pandemic in this part of the world that has never really been exposed to the virus on a large scale yet."

1999.12.26

Allen Iverson outdueled Gary Payton with 34 points as the Philadelphia 76ers completed their first season sweep of the Seattle SuperSonics in nearly eight years with a 92-86 victory.

Iverson eclipsed the 30-point mark for the 11th time this season and helped the 76ers post their first win in Seattle since January 4, 1992. Philadelphia had lost seven straight on the road to the Sonics.

Iverson made 12-of-30 shots from the field and 9-of-13 from the line while grabbing six rebounds and handing out six assists.

While Iverson, the NBA's leading scorer, was the offensive spark as usual for the Sixers, coach Larry Brown pointed to the defense of Tyrone Hill, who held Vin Baker to 10 points.

"Our defense overall has been much improved over recent games," said Brown, who has 698 career wins. "Tyrone is a very underrated defender. We haven't been able to beat Seattle because we couldn't contain players like (Baker), but the two times this year we did a pretty good job on Vin."

Payton had 32 points, nine rebounds and nine assists for the Sonics but was ejected with nine seconds remaining after picking up his second technical foul. Until that point, he had played the entire game.

"Gary's still doing a good job when we need him, but Superman needs help every now and then from Lois Lane, so one of us has to step up and do something," said Seattle guard Brent Barry, who had 12 points.

Seattle has lost three straight for the first time this season and dropped to 7-1 in games decided by six points or less. The defeat halted the Sonics' seven-game home winning streak.

"We got to come out and want to win basketball games," Barry said. "Right now, we're not coming out with the effort we need. We need to pick it up."

Payton hit consecutive 3-pointers to give Seattle an 80-76 lead with 7:12 remaining, but Iverson scored seven straight points for Philadelphia, including a pair from the line that put the Sixers in front, 84-82, with four minutes to play.

After Payton's jumper staked Seattle to an 85-84 lead, Baker added a foul shot for a two-point edge with 1:49 left.

But Aaron McKie's jumper tied it with 1:12 left and Hill hit a pair from the line 24 seconds later to put the Sixers ahead for good.

"It's disappointing to lose this game," said Baker, who was 2-of-11 from the field. "When they set the double-team in the second half, that really make a difference. They really threw my rhythm off."

Larry Hughes scored 12 points and former University of Washington star Todd MacCulloch added 10 for the Sixers in his return to the northwest.

Philadelphia rebounded from Thursday's 99-94 loss at New Jersey and opened its four-game West Coast swing on a positive note.

"We're gonna try to get every win possible," Hill said. "If we go 3-1 on the trip, then we had a good road trip. We really bounced back here against a good team like Seattle from the start."

George Lynch grabbed 14 rebounds for Philadelphia, which shot 42 percent (34-of-81) from the field but held Seattle to a dismal 33 percent (37-of-81).

Trailing 50-47 at halftime, Seattle made only 3-of-18 shots in the third quarter. But the 76ers did not take full advantage, extending their lead by only one point in the period.

The Sixers also went more than six minutes before making their first field goal of the final period.

The Sonics turned a 70-66 deficit into an 80-76 lead before Philadelphia's Eric Snow hit 1-of-2 from the line to stop Seattle's momentum and set the stage for Iverson to take charge.

Allen Iverson scored 17 points in the first quarter against the Orlando Magic. He barely slowed down thereafter.

Iverson finished with a career- and NBA season-high 60 points as the Philadelphia 76ers posted a 112-99 triumph over the Magic, who lost for the 14th time in 17 road games.

Iverson became the 18th different player to score 60 points in a game. The last to do so was Tracy McGrady, who had 62 for Orlando against Washington last March 10.

"I've never witnessed a performance like this in person," Philadelphia coach Jim O'Brien said. "This is the greatest performance that I've ever witnessed. I think we are witnessing one of the great careers in the NBA, put on by one of the most talented, tough and big-hearted guys that you'll ever see on the basketball court.

"I think we should all enjoy this while Allen is still in the NBA. I sure am enjoying coaching him."

A three-time scoring champ who entered this one leading the league at 29.0 points per game, including two with at least 50, Iverson staked the 76ers to a 31-22 edge after one quarter. He added 12 points in the second period to help open a 62-44 cushion at the break.

"I just felt that I was in real good rhythm," Iverson said. "The craziest thing about it, it wasn't a jump-shooting rhythm. It was just constantly attacking all night long. That's what I did and I guess that's why I went to the free-throw line as much as I did."

After Orlando reduced a 25-point third-quarter deficit to 82-71 on a jumper by Pat Garrity with six seconds left in the period, Iverson nailed a buzzer-beating 3-pointer to give him 40 points entering the fourth. He has six 40-point games this season and 56 in his career.

"I didn't settle for jump shots," Iverson said. "(Orlando) decided to play me one-on-one during the game and I just made them pay for it. I asked them, 'When are you going to trap me?' and they had a blank look on their faces and didn't answer. I assumed that they didn't know what to do at that point."

Iverson, who made 17-of-36 shots and 24-of-27 free throws, reached 50 points when he sank the first of a pair of free throws with 5:27 left. He matched his previous career high of 58 points - set vs. Houston on January 17, 2002 - with two free throws with 2:53 remaining, then reached the 60-point threshold on another pair from the line with 1:07 to play.

"It feels good right now," Iverson said. "Just knowing that we won the basketball game is the most important thing. I scored a career high and we won the game, that's how you draw it up in your dreams."

"He put relentless pressure on our defense, and then when he wasn't shooting free throws, he did hit some baskets," Orlando coach Johnny Davis said. "We tried to make a game of it late, but Iverson for sure controlled the game tonight. When we made a stretch run at him, he took over again, and made the baskets they had to have to keep their momentum going."

Iverson also became just the second player in franchise history to score 60 points in a game. The other was Wilt Chamberlain, who did it three times with the team. The last time was on December 16, 1967, when he scored 68 vs. Chicago.

"When you talk to me and mention Wilt Chamberlain in the sentence with me, I don't have any more words after that," Iverson said. "You mention somebody who is six feet, 165 pounds soaking wet and somebody seven some feet. That says a lot about the coaches that I've had in my career, the teammates that I've played with, and the family and friends that helped me get to this point. It's a tribute to the people that helped me get here and believed in me."

Steve Francis collected 32 points, 13 rebounds and eight assists for Orlando, which beat Philadelphia on January 22, 115-111, overcoming 38 points by Iverson.

Lotus(Lotus)
Lotus ELISE (Elise) is a light, efficient car of the roadster type that the Lotus manufactures. Car heavy 1t is under.
Feature

The feature of ELISE is in the lightness even if it says very much. Standard of car heavy phase 1 is because of the rejection of comfortable equipment such as the air conditioner car audio power steering power windows, and the omission to the ashtray finally, and it is official 690 a kg(750kg in the car verification) level and there is only weight at the light car level. As for the advantage of a light thing, a good kinematic performance in the power of few engines can be demonstrated, and there are a lot of improvements of the brake performance etc.Moreover, a setting that is cheaper than about 400?7,000,000 yen and other overseas high-level brands might be one of the features in ELISE for the performance.
History

The ELISE that the Lotus on the verge of the threat of bankruptcy was staked the fate of a corporation on and developed debuted brilliantly in the Frankfurt show in 1995 as an epoch-making aluminum chassis hung. It comes for the chassis that doesn't use a conventional rivet stop to grab a lot of attention, and to hold a back order that is more a large amount of than at first in 1996 next year of delivery. The sprinkled ELISE received high acclaim very much on the handling side, and repeatedly, produced ..F1 in addition to indeed 690kg and a light thing.. everywhere in an initial lot an active technology well. The Big minor change is accomplished receiving the addition of the closed coupe model who is called the variation and Ekishege of the engine etc. in 2001, and it has evolved to phase II (It is named Mk1/Mk2 and S1/S2, etc. in foreign countries). Moreover, Uke of the engine is begun from Toyota in 2004, and the expansion of a further grade is aimed at. It can be said that it is a model that both name and reality becomes the framework of the Lotus now since the production of esprits ends. The origin originates in name "Eliza" of the granddaughter of chairman Romano Altiorri of the Bugatti company who was a Lotus stockholder at that time though the name of the Lotus tradition that starts by E is named as for ELISE.
Structure

The aluminum chassis is fixed without doing with the adhesive of the epoxy system for the aircraft manufacturing, and contributes to lightening (It is 68kg in the chassis unit) with a conventional rivet stop with the rigidity securing and the assembly accuracy improvement. As for the ELISE of an initial lot, the engine bay and Riyahabcaria are made from aluminum because of lightening. Moreover, even the brake rotor used aluminum (metal matrix) disk of a mass production first car. In the lot after 1998, another changed to usual steel and other aluminum parts are changed to iron or FRP because the supply company on the aluminum disk went bankrupt, and weight increases in no small way. The engine is Middoshippmaunted to rear side put, and drives the rear wheel. Double wishbone that can be called suspension royal road of both reception desk/rear sports car. The body is made of the cloth, exists in the fold type neither total FRP nor the hood, and is a detaching type in the manual operation. When opening, it becomes Talgatopp form. Two seat type.
Engine

Edit May, year of ?2006

It is four 1.8LNA series cylinders (DOHC and the form name are 18K. It is named the K series) that become basic that the Rover company supplies. The lineup that installed the changeable valve timing mechanism that was called VVC in 1998 joined. In addition, it had the displacement of 1.8 liters similarly in 2004, 2ZZ-GE engine made by Toyota that cleared exhaust emissions regulations of the United States (equipped with VVTL-i) was additional, and it became three kinds of variation developments. A basic grade is made and the type equipped with 111 and 2ZZ-GE is made a name of 111R with standard and VVC. The K series is a side twin ..muffler.. putting out, and 2ZZ-GE is a twin putting out of the center. the identification point on the faceMoreover, Riadifuzar is standard and the model is a three-piece structure since single peace and 111.