What exactly is the difference between APR and APY?
For example, with a 10% APR compounded daily (n = 365), the APY is about 10.52%.
The same pool will generally show a higher APY than APR, so when comparing two products, convert them to the same metric first.
$CAKE is PancakeSwap’s native token. DeFi app pages like this often display annualized returns.
Understand the principles before you take action—don’t place an order on impulse.
NFA. Do your own research.
For example, with a 10% APR compounded daily (n = 365), the APY is about 10.52%.
The same pool will generally show a higher APY than APR, so when comparing two products, convert them to the same metric first.
$CAKE is PancakeSwap’s native token. DeFi app pages like this often display annualized returns.
Understand the principles before you take action—don’t place an order on impulse.
NFA. Do your own research.