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What is APY in crypto?

Some platforms allow you to earn interest on your crypto, which provides high APYs by simply storing idle digital assets in their account. APY is a metric used to determine the yields of passive income in crypto. Learn what APY in crypto is and why it matters.

How to earn a passive crypto income?

Earned Interest on Crypto: The other major way to earn a passive crypto income is through staking. When it comes to your compensation for staking your cryptos, APY is also the standard measurement. Regardless of where APY is used, it offers the same basis for interest. How Does APY Work?

How does inflation affect crypto prices and APY rates?

Inflation plays a role in determining crypto prices and APY rates. Each crypto has what we can refer to as an “APY value”. Some cryptos have significantly higher APYs than others, which is often reflected across the platforms offering APY-based interest. APY rates always include the effects of compound interest.

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