In the world of cryptocurrency, the annualized rate, or Annual Percentage Yield (APY), reflects the total return an investor can anticipate over the course of a year, factoring in the compounding effect of interest. This metric is particularly important in decentralized finance (DeFi) lending and staking platforms, as it offers a more comprehensive view of potential earnings compared to basic interest rates. By incorporating the power of compounding, APY helps investors better assess the true profitability of their crypto investments over time.
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