USDC monthly loyalty rewards are paid at an annual rate of 1% on your average daily USDC balance for the previous month.
To apply the 1% annual rate, multiply your average daily USDC balance by 1% for 1 month out of every 12 months.
For example, if you had $1000 USDC at the beginning of February, on the 10th of the month I withdrew $100 USDC ($900 USDC left), on the 20th of the month I received $200 USDC (total $1100 USDC) and on the 25th of the month I sent $50 USDC ($1050 USDC left), your average daily balance would be $1,003.57 USDC.
Therefore, 1% annual rate → $1,003.57 *(0.01/12) = $0.84 USDC reward.
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