How does APY work in crypto?

APY in crypto works a little differently than traditional finance. This is because instead of receiving an interest rate based on the dollar value of your holdings, you receive an interest rate based on the amount of asset supplied. For example, if you were to get 5% APY and deposited 1 Bitcoin, you would get 0.05 BTC in interest after one year.

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?

Why should you invest in cryptocurrency?

One of the most attractive aspects of cryptocurrency investing is the potential to receive a high APY (Annual Percentage Yield). This is often done through decentralized finance (DeFi) services or cryptocurrency exchanges.

Would Einstein make a good Degen in crypto?

He who understands it, earns it; he who doesn't, pays it.” Fun fact: Einstein invested the bulk of his 1921 Nobel Prize money in the stock market — and lost it all when the stock market crashed in 1929, during the onset of the Great Depression. We like to think he would make a good degen in the crypto space.