How can the APY be higher than the APR for the same yield?
Manually compounding on-chain means paying gas fees each time. When your principal is small, compounding too frequently can actually leave you worse off.
Check which token the yield is denominated in: annualized returns denominated in a project token cannot be directly compared with those denominated in a stablecoin.
$CAKE is PancakeSwap’s native token. DeFi applications like this often display annualized yields.
If anything is unclear, leave a comment.
#CAKE
Markets change quickly, so make your own informed decisions.
Manually compounding on-chain means paying gas fees each time. When your principal is small, compounding too frequently can actually leave you worse off.
Check which token the yield is denominated in: annualized returns denominated in a project token cannot be directly compared with those denominated in a stablecoin.
$CAKE is PancakeSwap’s native token. DeFi applications like this often display annualized yields.
If anything is unclear, leave a comment.
#CAKE
Markets change quickly, so make your own informed decisions.