Here's something that will change the way you participate in the SubQuery Network! We're pleased to announce the introduction of estimated APY (Annual Percentage Yield) into the SubQuery Network app.
This new feature will make it easier for you to make more informed decisions on how to allocate your SQT tokens, and participate in the SubQuery Network in the most efficient way.
What's Estimated APY all about?
To get you an even easier understanding of what APY is - APY, or Annual Percentage Yield, is a term you hear in web3 that measures how much rewards you can expect from locked or saved tokens over a year. An example is when you delegate SQT tokens to the network, you can receive rewards in the form of extra SQT from Node Operators.
In short, APY helps you understand the total amount of SQT rewards you'll receive from participating in the SubQuery Network on an annualised basis.
How will Estimated APY enhance your experience
For Delegators: Historical estimated APY data for node operators is readily available. This information serves as a valuable tool for delegators to decide the best nodes for delegating their tokens, thereby optimising their returns.
[Coming soon] For Node Operators: Node Operators benefit from access to historical estimated APY for potential projects. This feature will help them decide which projects to index and run, or where to allocate their staked SQT to maximise rewards
For everyone: Now, the SubQuery Network app provides users with personal APY insights across different categories. This functionality allows everyone to monitor and analyse performance across the network, offering valuable insights into progress over time.
In addition to individual APY metrics, the app facilitates an overview of the overall network APY. This feature offers users a comprehensive snapshot of the network's performance, allowing them to gauge its potential at a glance.
Find out how Estimated APY can help you!
With estimated APY fully integrated into the SubQuery Network app, users now have access to a powerful set of tools for navigating and optimising their engagement within the ecosystem.
So what are you waiting for? Dive into the SubQuery Network app today and check out the new insights. Let's revolutionise the way we engage with decentralised data!
About SubQuery
SubQuery Network is innovating web3 infrastructure with tools that empower builders to decentralise the future. Our fast, flexible, and open data indexer supercharges dApps on over 170 networks, enabling a user-focused web3 world. Soon, our Data Node will provide breakthroughs in the RPC industry, and deliver decentralisation without compromise. We pioneer the web3 revolution for visionaries and forward-thinkers. We’re not just a company — we’re a movement driving an inclusive and decentralised web3 era. Let’s shape the future of web3, together.
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