What's the difference between APR and APY?
Compounding on-chain yourself costs gas each time. If your principal is small, compounding too frequently may not be worth it.
For the same APR, the more frequently you compound, the higher the APY—but the increase gets smaller and smaller, up to a limit.
The most important thing to remember when managing your funds: before comparing returns, check whether they're quoted as APR or APY.
$CAKE 2.195 (+0.87%)
Don't use this as a basis for making decisions.
Compounding on-chain yourself costs gas each time. If your principal is small, compounding too frequently may not be worth it.
For the same APR, the more frequently you compound, the higher the APY—but the increase gets smaller and smaller, up to a limit.
The most important thing to remember when managing your funds: before comparing returns, check whether they're quoted as APR or APY.
$CAKE 2.195 (+0.87%)
Don't use this as a basis for making decisions.