Algorand
$1.37 -1.55%
ALGO · 2w

Help me explain the 7% APY to my Father

Hi guys, So my old man has invested some money into ALGO, he is very tech illiterate and he can't seem to understand how ALGO (or other Crypto projects) can afford to give such high levels of interest. My understanding is also quite basic so I am struggling to explain it too him, beyond telling him that staking helps the blockchain run more efficiently, yet he is not happy with that answer. He is very skeptical how a company can give such high APY and is worried that they are diluting the "stock". He keeps making the analogy to shares from traditional stocks and I am trying to tell him to not make that comparison. Help me explain it too him, in the most layman terms possible. ​ Thanks :)
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