In short Annualised return; APR ignores compounding, while APY includes it.
Quoted rates in DeFi are current snapshots, not guarantees, and are often paid in a token whose price can fall faster than the yield accrues.
In short Annualised return; APR ignores compounding, while APY includes it.
Quoted rates in DeFi are current snapshots, not guarantees, and are often paid in a token whose price can fall faster than the yield accrues.
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