YAP Frequently Asked Questions
How to buy or sell YAP tokens?
YAP tokens are an internal Midas product that exists only on the Midas platform. To buy YAP tokens, use the Swap on Midas platform. Do the same when you want to sell.
When will I receive the payout?
You will start receiving daily payouts to your YAP balance on the next day following your deposit.
How is YAP payout calculated?
Daily payout = tokens owned * APR / 365.
An example with 100 Defi YAP tokens with 15.5% APR.
100 * 15.5 / 365 = 0.042465 Defi YAP tokens daily. This would then compound daily to equal the APY.