🎆Quick Info: What is the term APY?
APY stands for Annual Percentage Yield – it's the percentage yield you can earn when you stake a certain cryptocurrency.
A simple example: If a cryptocurrency offers an APY of 10%, and you invest $100 in it, after a year it could be around $110 (if the price remains stable).
📈 Why is it important?
It is used in DeFi projects.
It helps you choose where to put your coins to earn a stable yield.
⚠️ Be careful: High APY = higher risk. Know the source of the yield before you invest.
