Exactly , if you see, it 50 * 100/3846 = 1.3% daily.
formula for compound interest is as follows:
At = A0(1 + r)^365
By using compounding daily it will be 3846(1 + 1.3%)^365
and it will become 428K
I think APR in coming days will go down and might get stable at range of =20-30 %