Answer to $sJOE $USDC yield pop-quiz

Answer to $sJOE $USDC yield pop-quiz:

Let's think this through ($JOE $USDC yield is now 5.9%)

1. to get $1 PER YEAR we need $1 / 5.9% principal: $16.95

2. BUT THERE's a 1% DEPOSIT FEE!!! so to get principal we DEPOSIT: $17.12

3. Now, per year becomes per dæg, so: $6,248.31 or 29k $JOE

to get $1/dæg yield.

The rest of the answers fall out as multiples of 10, so:

(SPREADSHEETXORXEN!) 

In summary, you need to deposit 6.24 MILLION DOLLARS worth of $sJOE (29 MILLION $sJOE) to earn $1,000/dæg.