Does APY matter if a crypto product has the same APR?

As a seasoned investor in the world of cryptocurrency and finance, I'm often faced with the dilemma of choosing between various investment options. One aspect that often catches my attention is the annual percentage rate (APR) offered by a crypto product. However, I've recently come across the concept of annual percentage yield (APY), which seems to be a closely related metric. This begs the question: does APY really matter if a crypto product offers the same APR? After all, if the base rate of return is identical, does the slight variation in APY make a significant difference in the long run? Or is it merely a marketing gimmick that investors should overlook? Clarifying this distinction could potentially help me make more informed investment decisions in the future.