【Term explained】What exactly is the difference between APR and APY?
For example, with an APR of 10%, daily compounding (n = 365) gives an APY of about 10.52%.
The APY shown for the same pool is generally higher than its APR, so when comparing different products, first convert them to the same metric.
$CAKE is PancakeSwap’s native token. DeFi app pages like this often display annualized returns.
Don’t invest money you’ve borrowed; the pressure can push you into making bad decisions.
#CAKE
For example, with an APR of 10%, daily compounding (n = 365) gives an APY of about 10.52%.
The APY shown for the same pool is generally higher than its APR, so when comparing different products, first convert them to the same metric.
$CAKE is PancakeSwap’s native token. DeFi app pages like this often display annualized returns.
Don’t invest money you’ve borrowed; the pressure can push you into making bad decisions.
#CAKE
