APR and APY are thrown around in the DeFi community like they are interchangeable. They are two very different beasts.
APR stands for Annual Percentage Rate and is the % you get back on your investment after 1 year without any compounding. For example, you invest 100USD for 1 Year with a constant APR of 150%, you will have 100 + 150 = 250 USD after a year.
APY stands for Annual Percentage Yield and is the % you get back on your investment after 1 year with compounding. Compounding means that you take your interest gained after a certain time period and add it back into the investment. This means that you will earn interest not only on your initial investment but also on the interest earned during the year. This leads to a much higher return if all other factors are the same.
Keep in mind that both APR and APY fluctuate all the time-dependent on underlying factors such as price, amount of tokens, compounding rate (APY).
Equation Finance supports MetaMask which is the standard DeFi wallet used on all EVM compatible chains. You can read more about MetaMask on their own website: https://metamask.io/
The Boardroom mints new $EQU when TWAP is above 1.009.
The Bond Market mints new $ESHARE when TWAP is below 1.00.
When TWAP is between 1.00 and 1.01, the peg is at an optimal place and neither $EQU nor $EBOND will be minted.