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RE: APR vs APY ---> what's the difference, explained softly

in LeoFinance5 years ago

Hello oldtimer! sorry didn't noticed your comment before. I do also use Nexo for small amounts. What I've discovered is that the 10%, or whatever rate they tell you, is calculated taking care of the daily compounding mechanism!!!!
This means that the daily rate is a bit LOWER than 10% divided by 365. But, of course, Nexo's rates are still optimals

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