No Summary provided as the original text is short
- Annual Percentage Yield (APY): The rate of return on an investment over a year, expressed as a percentage, factoring in compound interest.
- On-chain: Processes or transactions that are executed and recorded directly on a blockchain, ensuring transparency and immutability.
- Decentralized Finance (DeFi): A blockchain-based form of finance that operates without central authorities, using smart contracts to provide financial services.