/biz/ - Business & Finance

if you're even serious there's a reason why the first word is "annual" and not "daily"

there arent really people this dumb that exist... are there?

>>26346854
Do us a big think and tell us what the Y in APY stands for

>>26346901
Am drunk. I meant the A

>>26346901
kek
who brained whom?

Either this is a good LARP or this is my sell-signal

>>26346854

>If I put 1000 bucks there and it says 5% will I legitimately earn $50 a fucking day?!

If only it were that easy retard

>>26346939
I will now disappear from this thread

oh, ok

how much would $1000 a day give you do you think then?

>>26346854
No bro, it's continuously compounded which means you make an infinite amount of money in 0 seconds.

Google the fucking abbreviation you retard

>>26347029
10¢

>>26347029
>how much would $1000 a day give you do you think then?

anon... I

>>26347029
she can sure fit a lot in there...

>>26347029
anon i know you're a troll but just google apy calculator if you're even mildly serious, i'm an investing idiot and i can do that

>>26347567
i'm not trolling, i was just curious if there's even a point to parking like 1000 bucks anywhere and if it would pay out anything reasonable a day or not for me to buy alts with. But apparently everyone on here is just mad at me

ANUAL PERCENT YIELD YOU RETARD A N U A L

>>26347601
we're not mad, anon, we just don't want you to leave the house without your safety helmet

if I was you I'd invest in kneepads

>>26346854
How do you get into crypto and not even know what APY means? Go wageslave retard, investing is too hard for you.

>>26348277
take it easy man

>>26347610
*ahem* it's "anal" percentage yield anon
A N A L

staking USDT at WAVES 49% APY

I have 350k in the bank. Should I convert it to usdt and park it in aave? What’s the fucking catch? The risk? I have 1M in crypto hence the 350 in the bank

>>26348458
i don't understand any of it either. these guys are absolutely useless on here as well

OP, is english your first language?

If yes: you're retarded.
If no: use google before asking dumb shit. APY is annual percent yield. Annual yield. Per year.

kys retard fucking take your money out of crypto before you lose it all you are too dumb to be in this shit and not liquidate yourself idiot

>>26348505
yes

and okay, understood.

but AAVE literally is compounding interest by the second in front of me and I'm trying to determine what $1000 in a given currency a day would generate in profit.

thank you.

You will spend more on fees then you will ever yield, lurk more and consider investing in a helmet.

>>26347601
Ahhhhh I don’t think he’s baiting. Frigggg this is actually a sell signal

Anon, why would it compound every second, you would have infinite money

>>26348565
x% apy compounded daily is equivalent to [(1+x%)^(-365)]-1 % per day.

>>26348565
here's a pro tip. Depositing in Aave directly is going to give you pennies. Use a platform like yearn, harvest, pickle etc. that has automated strategies for generating yield. Basically you deposit some currency and they compound your gains for you. You can easily get something more to the tune of 50% APY doing this. Just set and forget for a long time

>>26348762
that would be awesome. I just don't really know what i'm looking for..

>>26348825
>I just don't really know what i'm looking for..
Try 5th grade math

ok, great, thanks for that

>>26347601
Yeah I'm selling

https://www.coingecko.com/en/coins/apy-finance

You should buy $APY

>>26351022
>https://www.coingecko.com/en/coins/apy-finance

RRRRRRRRRRRRRRRRR

>>26346854

>>26346854
convert to USDT and earn 50% APY you dumbfuck

I've made 100k in crypto this last year and I don't know what APY or Defi means

>>26346854
apystaja is pepe junior
he is fren

>>26352574
BASED

APY = Anal Prolapse Yes

>>26348565
It’s called basic math you idiot...
People say there are no stupid questions. Way to prove them wrong OP

Thanks for the Billie pics tho i guess OP

>>26346883
yeah makes me wonder every time