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NEXO · 3w

Interest Calculation

I currently have $50,281.97 in USDC on the Nexo platform as of 7/19/2020, 4PM pacific time. Today's interest deposit was $10.600945 USDC. If my calculations are correct using simple interest shouldn't the deposit be closer to $11 USDC? If I'm doing my calculations right tomorrows deposit should be $11.02 USDC? Let me know if I'm doing this wrong. $50,281.97 \* .08 = $4022.56/365 = $11.02?
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