Here's a #ForwardKnowledge gem for your Web3 journey.
What are APRs & APYs in DeFi investments?🔍
👉APRs (Annual Percentage Rates): The simple interest rate over a year. Gives a clear, upfront look at what you'll earn without compounding.
👉APYs (Annual Percentage Yields): This one factors in the compounding interest that accrues on your investment. It can lead to higher returns over time.
🔖 Example: In 10 years, a $1,000 investment at 20% APR grows to $3,000 but skyrockets to $7,385 with daily-compounded APY.
Knowing the difference is key to maximizing your returns in #DeFi. Stay informed, stay ahead! 🚀
Here's a #ForwardKnowledge gem for your Web3 journey.
What are APRs & APYs in DeFi investments?🔍
👉APRs (Annual Percentage Rates): The simple interest rate over a year. Gives a clear, upfront look at what you'll earn without compounding.
👉APYs (Annual Percentage Yields): This one factors in the compounding interest that accrues on your investment. It can lead to higher returns over time.
🔖 Example: In 10 years, a $1,000 investment at 20% APR grows to $3,000 but skyrockets to $7,385 with daily-compounded APY.
Knowing the difference is key to maximizing your returns in #DeFi. Stay informed, stay ahead! 🚀
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