> For the complete documentation index, see [llms.txt](https://phemex.gitbook.io/phemex-web3-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://phemex.gitbook.io/phemex-web3-whitepaper/features/phemex-token/token-benefits/staking-yield.md).

# Staking Yield

vePT holders are rewarded by Phemex for [staking their PT](https://phemex.com/web3/stake/dashboard). 

The APR is calculated using the following formula:

​APR= Annual rewards / Current total vePT

Annual rewards = Fixed PT amount \*365

Furthermore, to provide a more consistent and predictable earnings structure, the reward calculation will also be updated. The 5-minute earnings will no longer be based on the previous day's PT buyback but will instead be calculated using the annual rewards, apportioned daily.

The revised formula for calculating a user's earnings every 5 minutes is as follows:

User’s 5-min Earnings = User’s Current vePT / Total vePT × (Annual Rewards / 365) / 24 / 12

\*User’s current vePT is the snapshot of the user's current vePT value at the end of every 5-minute interval.

\*Total vePT is the total vePT value at the time of the snapshot.