A question: What exactly is the difference between APR and APY?
The higher the APR, the more pronounced the gap caused by compounding: at 100% APR compounded daily, the APY is about 171.5%.
Check which currency the returns are denominated in: annualized returns denominated in a project's token can't be directly compared with those denominated in stablecoins.
$CAKE is PancakeSwap's native token, and annualized yields are often displayed in these kinds of DeFi products.
The higher the APR, the more pronounced the gap caused by compounding: at 100% APR compounded daily, the APY is about 171.5%.
Check which currency the returns are denominated in: annualized returns denominated in a project's token can't be directly compared with those denominated in stablecoins.
$CAKE is PancakeSwap's native token, and annualized yields are often displayed in these kinds of DeFi products.