Is APR and APY the same thing? No? What's the difference? | dedotfi en Binance Square

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Is APR and APY the same thing?

No?

What's the difference?

How to calculate both? Are they compound?

So many questions yet no concrete answer.
⚡️We just released the APR/APY calculator to make your web3 life 1% better: https://de.fi/explore/apr-apy-calculator

Enjoy, De.Fier. 💙

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🚨 LAST & LARGEST summer update! More developments, updates, enhanced security, and new tools: • New crypto profit & APR calculators • More security • Bangkok Updates • And more! 🧵Latest dev recap👇 1. First things first: Last week we outranked all DEX'es. And we aren't even a DEX. Officially #1 in Google for "Swap Tokens". De.Fiers rock it!🔥 2. Now back to things that warm my heart: do you want a FREE vacation and networking experience?🌴 Win a trip to Bangkok with our team! How? Earn SocialFi XP points! Start with 3,000 XP from NEW Accelerator Badges that we released last week, De.Fier 💙👇 Overall, 6 accelerator badges have been released: • Accelerator Rank I - 250 XP: Achieved active De.Fi Accelerator Rank I • Accelerator Rank II - 250 XP: Achieved active De.Fi Accelerator Rank II • Accelerator Rank III - 500 XP: Achieved active De.Fi Accelerator Rank III • Accelerator Rank IV - 1,000 XP: Achieved active De.Fi Accelerator Rank IV And 2 more secret badges that you'll find on your dashboard... 👀 We'll see you in Bangkok, De.Fier 💙 3. Let's continue with other things that we do to make your web3 journey 1% easier! Within the last couple of days, we've released: • Crypto profit calculator, to let you better track your crypto PnL: https://de.fi/explore/crypto-profit-calculator • And APR-APY calculator, so that you can calculator compound rates of your yield: https://de.fi/explore/apr-apy-calculator Enjoy, De.Fier! 💙 4. And last but not least Imagine: 1. Your favorite Influencer shills you a memecoin 2. You wanna buy it cuz it's time to get rich 3. You go to http://de.fi/swap 4. http://de.fi/swap warns you that this memecoin is scam and you should stay away from it Yup, that's a new feature. Thank us later 💋 5. But wait! There are more updates to share ⚡️Visit our blog a full Late August Development Recap: https://de.fi/blog/new-accelerator-rank-badges-de-fi-world-2024-meme-contest-new-features-and-more-late-august-development-update Building for our De.Fiers💙

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