01Simple vs compound
Simple interest pays only on the principal; daily compounding rolls each day's interest back in to earn more. The longer and higher the rate, the bigger the gap. But the rate you type is an assumption — real crypto yields float, there's no "locked-in compounding".
02Don't be lured by a high APR
See "daily rate" or a huge APR and pause — most are short-term promo rates or high-risk products. For a sober take on these yield pitches, the pitfall ledger is the clearest read.