APR vs. APY
Refers to the simple interest accrued from a particular investment over a 1 year period.
Refers to the compounded interest accrued from a particular investment over a 1 year period. APY reflects more accurately the expected yearly returns of that investment. To achieve APY from APR for now, you need to manually compound your earnings daily on FarmHero.
Basically,
Last modified 2yr ago