🔥 DeFi essentials: The difference between APR and APY
Annualized figures often include rewards paid in tokens, valued at their current price; if the reward token falls, your actual returns will be lower.
Check which currency the returns are 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, and DeFi apps like this often display annualized returns.
What topic would you like to hear about next? Futures or something else?
#CAKE
Annualized figures often include rewards paid in tokens, valued at their current price; if the reward token falls, your actual returns will be lower.
Check which currency the returns are 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, and DeFi apps like this often display annualized returns.
What topic would you like to hear about next? Futures or something else?
#CAKE