APR and APY
Annual percentage rate is a simple yearly rate; annual percentage yield includes compounding. 10% APR compounded daily is about 10.52% APY. Advertised crypto yields can change or stop at any time.
Annual percentage rate is a simple yearly rate; annual percentage yield includes compounding. 10% APR compounded daily is about 10.52% APY. Advertised crypto yields can change or stop at any time.