APY
Last updated 17 October 2026Last verified 17 October 2026
What is APY in DeFi?
Annual Percentage Yield. The return you would earn over a year, including compounding. DeFi APYs change continuously as utilization shifts, which makes headline rates poor predictors of actual returns. Compare DeFi APYs against TradFi benchmarks with the DeFi Yield Calculator.
TradFi equivalentThe annualized compounded figure a deposit account quotes. The difference is that a DeFi rate floats continuously with utilization, so a quoted APY is a snapshot rather than an offer.