App: Error in the display of yields: APY instead of APR

[Kolibri1990]

What happened:

In the new wallet the display of the returns is still wrong. The returns are APR and not APY.

What you expected to happen:

You only have to change APY in APR... thats all.

How to reproduce it (as minimally and precisely as possible):

Open the wallet.

What are your environment parameters?

• DeFi Wallet Version: All versions
• Operating System (OS): All OS

Anything else we need to know?:

[defichain-bot]

@Kolibri1990: Thanks for opening an issue, it is currently awaiting triage.

The triage/accepted label can be added by foundation members by writing /triage accepted in a comment.

In the meantime, you can:

1. Checkout DeFiChain’s Github issue page to see if your issue has already been reported
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[izzycsy]

Hi @Kolibri1990 , thanks for your feedback, the team is aware and are currently investigating.

[diegorodriguezv]

I noticed the web site (https://defichain.com/dex/) shows the rate as APR but the App and the screenshots show APY.
I don't know which is correct. Could someone explain why one or the other?
I have looked around but I can't find which is the number of periods for the calculation. Is it monthly? Daily? Each 12 hours? (https://app.cakedefi.com/ says Rewards every 12 hours)

[Kolibri1990]

Hey @diegorodriguezv

As with cake, the return on LM on the DeFi Wallet is an APR and not an APY.

It is wrong on the DEX page (https://dex.defichain.com/mainnet/pool) and also the DeFi Wallet.

The values are right but the naming is wrong.

[izzycsy]

Hi @diegorodriguezv you can ask the community DeFiChain Telegram (EN) on such enquiries.

Thanks @Kolibri1990 !

[izzycsy]

Hi @Kolibri1990 @diegorodriguezv @wmbst @adrian-schnell v2.4.0 is out, this is a mandatory update. Please read through the release notes before updating. _This comment is to notify you about the update._

[sandrich]

When is this going to happen? APY is wrong and misleading.

[nick-preda]

so to be clear, app should be also showing APR, as the website already shows correctly that is APR

[izzycsy]

Hi @sandrich , the team is working on it, kindly refer to DeFiChain Announcements (EN) for the latest updates. Thank you.

[thedoublejay]

Hi, we have updated this on the latest app release v2.4.2, please have a look. thank you - https://defichain.com/downloads/