# Rate of Reward & APY

**Rate of Reward**

The reward rate to stakers is the percentage increase in sMARQ in the next epoch. The reward rate can be calculated below:

<figure><img src="/files/j2vYmRTtyc9kLGtNLuzi" alt=""><figcaption></figcaption></figure>

Where <img src="/files/oDGLO0eUIweA4BYvj2eO" alt="" data-size="line">is the reward rate in the current epoch,<img src="/files/j2V5Cc9mWpBS6dFHziCJ" alt="" data-size="line">is the total amount of MARQ allocated to stakers <img src="/files/AN5LiplJdFdgYJ32KPh8" alt="" data-size="line">is the total amount of sMARQ from the last epoch.​

**Annual Percentage Yield**

The annual reward rate for MARQ stakers compounded 3 times a day. Hence, the total number of epochs used to compound the return is 365\*3=1095, and the APY can be calculated below:

<figure><img src="/files/fe1ONG7a1d7A1dJuf85f" alt=""><figcaption></figcaption></figure>

The power of compounding will increase the value of stakers’ assets exponentially.​

**MARQ Supply per Epoch**

The protocol distributes part of newly minted MARQ to stakers, denote by, which is calculated according to the following equation:

<figure><img src="/files/ShjB606EBRI81lYY4DVr" alt=""><figcaption></figcaption></figure>

where <img src="/files/JkLka4dUfPIWkEF0c7Qc" alt="" data-size="line">is the residual of total MARQ supply, <img src="/files/lXFwqJsxHZyOK8tCZrJ4" alt="" data-size="line">is the reward ratio which is determined by the protocol and DAO governance.


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