Here at Cake, there are two terms used for rewards: APY & APR
APY (Annual percentage Yield)
The APY is the annual compounded annuity. This means that the displayed rate in APY is including the compound interest (interest on interests). In order to fulfill the displayed APY rate, the earned interests need to be reinvested in order to earn rewards on those as well. For example if you are using our Staking service, you are given the option to turn Auto-compound on. This will reinvest your earned interests back into the staking pool, and therefore be able to fulfill the given APY rate.
APR (Annual Percentage Rate)
The APR is the Annual return without compound interest. This means that the displayed rate in APR is the return you would get on your base investment in interests. Consequently, if you would be reinvesting your earned interest, that would give you a higher return rate (in APY).