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can I have a quick explanation of Binance APY, please

Binance

Cryptocoins Exchanges / Binance 169 Views

about the "Earn" section, if I select to stack lock a coin for 30 days, I receive "5.5% APY", and calculating it for 120 days it changes to "13% APY"; what I don't quite understand is if I will receive these 5.5% only for the 30 days I lend my crypto, or do I have to lend it 12 times β€”to make it a yearβ€”, to receive that 5.5%

likewise, 13% APY for having it locked 120 days? or it needs to be reinvested 3 more times to reach that,

I hope I made myself clear enough, thx.

submitted by /u/Regular-Month
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