Calculate compound returns, daily earnings, and projected yield from any DeFi protocol.
APR is the simple annual rate without compounding. APY accounts for compounding — the more frequently rewards compound, the higher the effective yield. Daily compounding at 12% APR ≈ 12.75% APY.
Higher APY almost always means higher risk. Tokens can lose value, protocols can be exploited, and impermanent loss can negate yields.