My bookmarks are packed with lessons, and my account is full of tuition fees.
Today's topic: The difference between APR and APY
Compounding manually on-chain means paying Gas each time. When your investment is small, compounding too frequently can end up costing you more than it earns.
Before comparing returns, check whether the figure is APR or APY.
$CAKE is PancakeSwap's native token. DeFi apps like this often display annualized yields. Currently: 2.287.
#CAKE
Today's topic: The difference between APR and APY
Compounding manually on-chain means paying Gas each time. When your investment is small, compounding too frequently can end up costing you more than it earns.
Before comparing returns, check whether the figure is APR or APY.
$CAKE is PancakeSwap's native token. DeFi apps like this often display annualized yields. Currently: 2.287.
#CAKE