How Are My Staking Rewards Calculated?
Staking rewards on Pluang accrue daily using the formula: (Staked Quantity + Unstaking Requested Quantity) × APR ÷ 365. The APR used is the rate assigned to your account type (Regular or Pluang+) for that specific coin. Accrual runs daily at 8AM WIB. Rewards are denominated and paid out in the same coin you staked.
Step-by-step reward calculation:
- Eligible quantity = Staked Qty + Unstaking Requested Qty
- Daily reward (gross) = Eligible Qty × APR ÷ 365
- Tax deductions = TDS 5% + VAT 0.11% of gross reward
- Net daily accrual = Gross reward − TDS − VAT
Example (ETH, Regular user, APR 1.19%):
- Gross daily reward = 1 ETH × 0.0119 ÷ 365 = 0.0000326 ETH/day
- Net after tax ≈ 0.0000309 ETH/day
Related questions:
Q: Are rewards compounded daily?
No. Daily accruals accumulate as a running total and are paid out weekly every Tuesday. They are not automatically re-staked or compounded.
Q: What quantity counts toward reward calculation if I submitted an unstaking request?
Both your Staked Qty and your Unstaking Requested Qty count toward reward accrual for the day the request was submitted. Accrual stops from the next day onward.
Q: Are my rewards paid in the same coin I staked?
Yes. Rewards are paid out in the same coin — e.g. ETH rewards in ETH, SOL rewards in SOL.
Q: Why does the app show APY but the formula uses APR?
APY accounts for daily accrual frequency, making it slightly higher than APR. The app shows APY as the annualised representation of your expected return.