Work out defi yield (apy) instantly with clear inputs, formula shown and shareable results.
APR is the simple annual rate; APY is what you actually earn once rewards are compounded. With daily auto-compounding an 18% APR becomes almost 19.7% APY — and gas costs are the practical limit on compounding frequency.
APR to APY
APY = (1 + APR/m)^m - 1
Figures are estimates for planning only. Market returns are not guaranteed, and rates, limits and tax rules change. This is not financial or tax advice — speak to a qualified adviser before acting.
It is the larger number. Compare like with like: APY against APY, and check whether auto-compounding is actually included.
Smart contract failure, impermanent loss, token emission dilution and stablecoin de-pegging — the yield is rarely free.