i can see APY increasing more if there will be mor... @Klaytn_EN

Asked 1054 days ago
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i can see APY increasing more if there will be more users coming

asked 1054 days ago

1 Answers

Answer: APY (annual percentage yield) is a measure of the return on an investment over a period of time, usually one year. As more users come to the platform, the APY is likely to increase due to increased demand for the platform's services. Additionally, as more dapps (decentralized applications) come into the platform, the APY can increase due to the increased demand for the services these dapps provide. This increased demand can lead to higher prices for the services provided, resulting in higher APYs for investors. Thus, more users and more dapps coming to the platform can lead to an increase in the APY.
answered 1054 days ago
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And more dapps incoming to attract more people
answered 1054 days ago

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