What's the difference between APY and APR?

APR is the simple interest rate. APY includes compound interest. A 10% APR compounded daily ≈ 10.52% APY.

How is APY calculated from APR?

APY = (1 + APR/n)^n - 1, where n is compounding periods per year. More frequent compounding = higher APY.

APY is better for comparison because it accounts for compounding. Two protocols with same APR but different compounding have different APYs.

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Convert between APY and APR for DeFi yield calculations

APR (%)

Compounding Frequency

Formula: APY = (1 + APR/n)^n - 1, where n = compounding periods per year

About APY/APR Converter

Convert between Annual Percentage Yield (APY) and Annual Percentage Rate (APR). Understand how compounding frequency affects your DeFi returns.

What's the difference between APY and APR?: APR is the simple interest rate. APY includes compound interest. A 10% APR compounded daily ≈ 10.52% APY.
How is APY calculated from APR?: APY = (1 + APR/n)^n - 1, where n is compounding periods per year. More frequent compounding = higher APY.
Which is better for comparing yields?: APY is better for comparison because it accounts for compounding. Two protocols with same APR but different compounding have different APYs.

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