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BNB staking. If I get 30% APR how is that different from 30% APY?

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Cryptocoins Exchanges / Binance 128 Views

So trust wallet gives you 30% APR on your BNB but I know 30% APY means you make 30% annually of the amount staked so what does APR mean and how do you calculate it? I checked everywhere online but it seems vague and different websites give different explanations. I’m a newb but wild like to understand better. Thanks in advance.

submitted by /u/ambarnatspat
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