🔥 DeFi basics: The difference between APR and APY
For the same pool, the APY is usually higher than the APR, so be sure to convert them to the same basis before comparing two products.
Before comparing returns, check whether the figure is APR or APY.
$CAKE is PancakeSwap’s native token. DeFi app pages like this often display annualized returns. Currently, 2.195.
Have you run into a similar pitfall? Share it to help others stay alert.
This information was compiled from public sources. Please verify it for yourself.
For the same pool, the APY is usually higher than the APR, so be sure to convert them to the same basis before comparing two products.
Before comparing returns, check whether the figure is APR or APY.
$CAKE is PancakeSwap’s native token. DeFi app pages like this often display annualized returns. Currently, 2.195.
Have you run into a similar pitfall? Share it to help others stay alert.
This information was compiled from public sources. Please verify it for yourself.