the borrow rate is lower than the lending rate?
@samkazemian
APR vs APY
Bro, don’t disturb the ceo with these questions
I had this question too They did this in their front end. It makes borrowers feel like they're paying less and lenders feel like they're earning more Lenders actually get apr because interest accrued isn't auto compounding. But their displayed as apy even though it's apr. Borrowers actually pay apy because their interest is charged on full balance owing. But the borrowers rate is displayed as apr even though it's apy I don't know if it's an accident or just a gimmick 😅
Be mindful of apy vs apr
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