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What is APY in crypto and how it can impact your portfolio

The article explains what APY (annual percentage yield) means in the crypto world and how to calculate it. It distinguishes between simple interest and compound interest, with compound interest being the basis of APY. APY is used to measure the accumulation of interest over time and is a way for crypto investors to earn a return on their investments. The article provides examples of different APY rates for various crypto platforms and strategies. It also highlights the benefits and risks of APY, such as higher returns compared to traditional savings accounts but also the volatility and potential platform issues in the crypto space. Overall, the article aims to educate readers about APY and its importance in crypto investing.

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