Double daily loans rate to 2% 💰💰
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@ -10,7 +10,7 @@ import {
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import { PortfolioMetrics, User } from './user'
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import { filterDefined } from './util/array'
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const LOAN_DAILY_RATE = 0.01
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const LOAN_DAILY_RATE = 0.02
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const calculateNewLoan = (investedValue: number, loanTotal: number) => {
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const netValue = investedValue - loanTotal
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@ -15,7 +15,7 @@ export function LoansModal(props: {
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<Col className={'gap-2'}>
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<span className={'text-indigo-700'}>• What are daily loans?</span>
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<span className={'ml-2'}>
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Every day at midnight PT, get 1% of your total bet amount back as a
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Every day at midnight PT, get 2% of your total bet amount back as a
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loan.
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</span>
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<span className={'text-indigo-700'}>
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@ -34,12 +34,12 @@ export function LoansModal(props: {
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</span>
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<span className={'text-indigo-700'}>• What is an example?</span>
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<span className={'ml-2'}>
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For example, if you bet M$1000 on "Will I become a millionare?" on
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Monday, you will get M$10 back on Tuesday.
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For example, if you bet M$1000 on "Will I become a millionare?", you
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will get M$20 back tomorrow.
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</span>
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<span className={'ml-2'}>
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Previous loans count against your total bet amount. So on Wednesday,
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you would get back 1% of M$990 = M$9.9.
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Previous loans count against your total bet amount. So on the third
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day, you would get back 2% of M$(1000 - 20) = M$19.6.
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</span>
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</Col>
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</Col>
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