Everyone, this is something you really need to understand: the difference between APR and APY!
For example, with a 10% APR, compounded daily (n = 365), the APY is approximately 10.52%.
The same pool usually shows a higher APY than APR, so make sure to convert them to the same metric when comparing different products.
$CAKE is PancakeSwap’s native token. DeFi products like this often display annualized returns.
Save this and take a closer look later 👇
This is not financial advice. Make your own decisions.
For example, with a 10% APR, compounded daily (n = 365), the APY is approximately 10.52%.
The same pool usually shows a higher APY than APR, so make sure to convert them to the same metric when comparing different products.
$CAKE is PancakeSwap’s native token. DeFi products like this often display annualized returns.
Save this and take a closer look later 👇
This is not financial advice. Make your own decisions.
