🚀 Crypto News Flash: Understanding APY in DeFi! 🚀

- APY (Annual Percentage Yield) is a key term in crypto, reflecting the annual return on investments, factoring in compound interest.

- Unlike simple interest, APY compounds, boosting your earnings over time. It's crucial for yield farming, staking, and crypto lending.

- Be cautious of promotional APYs; they may start high but drop later. Always research platform trustworthiness.

- Factors like platform fees, crypto type, and market conditions can affect APY.

- Curious about APY's impact on your crypto strategy? Share your thoughts below! 💬