Hello! Based on the principle of fairness, the USN stable coin has cancelled the rule "Each USN order is repaid within one hour after it is generated, and no interest is calculated" at 09:40 (UTC) on August 25, 2020. The latest interest calculation rules are as follows:
(1) Daily interest = total amount of USN generated × annualized rate / 365 days;
(2) Total interest: When there are multiple generation records in an account, the total interest is the sum of the interest generated by each generation record.
*The annualized rate is floating and will be adjusted according to the BOX DAO governance voting result;
*For every 24 hours of generation period, the system calculates your interest for the past 24 hours based on the current annualized rate and automatically accumulates them;
*The specific amount of interest per 24 hours is only related to the latest annualized rate of the day, and will not be affected by subsequent annualized rate adjustments;
*The interest calculation period is less than 24 hours, and the interest is calculated based on 24 hours.
Thank you for your support and attention to Defibox!
August 25, 2020