What exactly is the difference between APR and APY?
The higher the APR, the more noticeable the difference from compounding: at 100% APR compounded daily, the APY is about 171.5%.
For the same pool, the APY is generally higher than the APR, so convert them to the same basis before comparing two products.
$CAKE is PancakeSwap's native token, and DeFi products like these often display annualized returns.
The higher the APR, the more noticeable the difference from compounding: at 100% APR compounded daily, the APY is about 171.5%.
For the same pool, the APY is generally higher than the APR, so convert them to the same basis before comparing two products.
$CAKE is PancakeSwap's native token, and DeFi products like these often display annualized returns.