Cryptocurrency Q&A
What does 300 APY mean in crypto?
What does 300 APY mean in crypto?
DreamlitGlory
Tue Nov 19 2024
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7 answers
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I'm interested in understanding the concept of 300 APY in the cryptocurrency domain. I want to know what it signifies and how it's relevant in the crypto world.
7 answers
Caterina
Thu Nov 21 2024
It serves as a method for determining the interest gained on an investment.
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SophieJones
Thu Nov 21 2024
This calculation takes into account various factors.
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Andrea
Thu Nov 21 2024
One of the key considerations is compound interest.
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benjamin_rose_author
Thu Nov 21 2024
APY represents annual percentage yield.
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CryptoLord
Thu Nov 21 2024
Compound interest refers to the interest earned on both the principal and accumulated interest.
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