APY definition
Definition
The APY (Annual Percentage Yield) is the total rate of return you can earn on your crypto over a year because it includes the effect of compounding.
APY is a more accurate measure of your total profits because most DeFi platforms automatically reinvest your rewards, meaning you earn interest on your original deposit plus your previously earned interest.
APY is a more accurate measure of your total profits because most DeFi platforms automatically reinvest your rewards, meaning you earn interest on your original deposit plus your previously earned interest.
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