Everyone, make sure you understand this: the difference between APR and APY!
The higher the APR, the more noticeable the difference caused by compounding: at 100% APR with daily compounding, the APY is about 171.5%.
Annualized figures often include rewards paid in tokens, valued at their current price; if the reward token falls in price, your actual returns will shrink.
$CAKE is PancakeSwap’s native token. DeFi apps like this often display annualized returns.
Save this and take your time reading 👇
#CAKE
The higher the APR, the more noticeable the difference caused by compounding: at 100% APR with daily compounding, the APY is about 171.5%.
Annualized figures often include rewards paid in tokens, valued at their current price; if the reward token falls in price, your actual returns will shrink.
$CAKE is PancakeSwap’s native token. DeFi apps like this often display annualized returns.
Save this and take your time reading 👇
#CAKE