About the difference between APR and APY:
APR is the annual interest rate and doesn’t account for compounding; it simply annualizes the return over a period of time.
For the same pool, the APY is generally higher than the APR. When comparing different products, first convert them to the same metric.
$CAKE 1.941(+3.58%)
APR is the annual interest rate and doesn’t account for compounding; it simply annualizes the return over a period of time.
For the same pool, the APY is generally higher than the APR. When comparing different products, first convert them to the same metric.
$CAKE 1.941(+3.58%)
