Saving Scent
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New Foundation - Decentralize Bank - "Safe and smart"
Saving Scent allows users to collect SFO while saving other tokens depending on the exchange rate, the amount saved, and period of savings.
The Saving Duration is proportional to users' interest. You can only withdraw your savings and interest after 10 days. The following formula will be used to calculate interest rate from saving duration:
$y = a + bx + cx^2$
• $x$
: Saving Duration calculated in days
• $y$
: SFO Interest calculated in percentage (%)
The numbers a, b, and c will be modified to accommodate each stage. These updates will be revealed in advance of the community. The table below is a few examples of interest rates calculated by Saving Duration:
Saving Duration
SFO Interest
10 days
2%
1 month
5%
3 months
16%
6 months
38%
1 year
100.5%