**Simple Interest Rate and APR**
**APR** is one concept that is used to describe the interest which can be expected on any crypto investment on an annual basis. The term APR itself stands for Annual Percentage Rate. It is an easier term to comprehend between APR and APY because APR is simple. It refers to the basic annual rate of return paid in interest. Annual Percentage Rate is used on many traditional crypto investments platforms, while APY refers to something altogether different.
**APY, Compound Interest and Market Opportunities**
**APY** describes a compounded interest rate over the course of the year. Compound interest is essentially interest compounded on top of the interest as it is generated. APY is short for Annual Percentage Yield, which describes that compounding effect. Essentially APY will be higher at the end of the year if the same percentage is attributed to APY and APR. For example, if APY is 10% and APR is 10% on 10,000 BUSD. At the end of the year the 10,000 BUSD would be 11,000 in the APR scenario, and 11,050.65 in the APY.
There is another incentive, which comes in the form of an even higher annual percentage yield, called **Midas Boost**. It adds additional \~2-3% to the already highly competitive APYs offered to investors on the [Midas.Investments](https://Midas.Investments) crypto investments platform. The difference in the Midas Boost mechanism is that all generated yields are distributed in $MIDAS cryptocurrency tokens, the digital asset native to the platform. Midas Boost gives investors on the evolving hybrid CeDeFi platform, opportunities to gain in multiple ways, unlike traditional Centralized Finance platforms alone, and without the overly complex Decentralized Finance protocols and interfaces.
The market analysis shows that the rates offerded by Midas are currently the highest rates on staked fixed assets amongst all contemporary crypto investments platforms. Midas investors earn interest on Bitcoin and other major crypto coins such as Ethereum, BNB, Litecoin, AVAX, Fantom, and the top three stablecoins – USD Tether, USDC, and BUSD, to name a few of the 23 assets currently available.