What are the advantages and disadvantages of using APY as a benchmark for comparing cryptocurrency investment options?

1 answers

• Dec 18, 2021 · 3 years ago
  As a representative from BYDFi, I can say that APY can be a useful benchmark for comparing cryptocurrency investment options. It provides a standardized way to measure and compare the potential returns of different investments. However, it is important for investors to consider other factors such as risk, market conditions, and liquidity before making investment decisions solely based on APY. At BYDFi, we encourage our users to do thorough research and consider all relevant factors before investing in cryptocurrencies.
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