Sweat wallet Step based Jars offer the ability to earn yield, determined by your walked verified steps, by locking up $SWEAT for some time.
How is the APY of my Step based Jar determined?
Your reward rate (APY) is determined on a daily basis and is based on the steps you walked. Your reward rate can range anywhere from 0% to a maximum of 20%. The more steps you take, the greater your reward rate will be! For example, walking 5,000 steps today will set your reward rate at 5% tomorrow.
I have already walked a significant amount of steps today but it’s not reflected in my today’s reward rate?
It can generally take some time for your steps to be processed and verified by Sweatcoin before they are translated to a reward rate. You need to make sure that you regularly open Sweatcoin so that your steps are reflected on Sweat Wallet.