This is just... not true? Just because there is compounding doesn't mean the daily values are negligibly different. Play with this apy calculator, set the compounding + Term to 1 day, and see what different APY will get you after one day. https://www.omnicalculator.com/finance/apy
40% APY is about 0.092% per day, and 80% APY is about 0.161% per day. 80% APY might not give twice as much as 40% APY daily, but it's almost twice as much. You'd definitely be able to tell using OP's methodology.
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