Everyone, this is something you really need to understand: the difference between APR and APY!
With the same APR, the more often interest is compounded, the higher the APY—but the increase gets smaller and smaller, approaching a limit.
Annualized figures often include rewards paid in tokens, calculated using the current token price. If the reward token falls in price, your actual returns will be lower.
$CAKE is PancakeSwap’s native token. DeFi app pages like this often display annualized returns. Currently: 1.91.
Save this and take a closer look later.
#CAKE
This is not investment advice. Don’t follow along.
With the same APR, the more often interest is compounded, the higher the APY—but the increase gets smaller and smaller, approaching a limit.
Annualized figures often include rewards paid in tokens, calculated using the current token price. If the reward token falls in price, your actual returns will be lower.
$CAKE is PancakeSwap’s native token. DeFi app pages like this often display annualized returns. Currently: 1.91.
Save this and take a closer look later.
#CAKE
This is not investment advice. Don’t follow along.