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FAQ

What are the differences of APR & APY?

APR stands for Annual Percentage Rate and is the % you get back on your investment after 1 year without any compounding. For example, you invest 1000 USD for 1 Year with a constant APR of 1-100%, you will have 1000 + 100 = 1100 USD after a year.
APY stands for Annual Percentage Yield and is the % you get back on your investment after 1 year with compounding. Compounding means that you take your interest gained after a certain time period and add it back into the investment. This means that you will earn interest not only on your initial investment but also on the interest earned during the year. This leads to a much higher return if all other factors are the same.
Keep in mind that both APR and APY fluctuate all the time-dependent on underlying factors such as price, amount of tokens, compounding rate (APY).

What are the compatible wallets?

Bae Finance supports MetaMask which is the standard DeFi wallet used on all EVM compatible chains. You can read more about MetaMask on their own website: https://metamask.io/

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Outline
What are the differences of APR & APY?
What are the compatible wallets?