> For the complete documentation index, see [llms.txt](https://docs.marquee.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.marquee.fi/protocol/rate-of-reward-and-apy.md).
# 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:
Where is the reward rate in the current epoch,is the total amount of MARQ allocated to stakers 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:
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:
where is the residual of total MARQ supply, is the reward ratio which is determined by the protocol and DAO governance.