Leveraged yield farming rewards: question

Hey, I am pretty new to DeFi and I still did not figure out a couple of things.

Let´s say I have a leveraged position in the Alpaca farms (CAKE/BUSD). I know I get the CAKE rewards that are automatically invested in my position. In addition I get ALPACA rewards in my account. Two questions:

1- If I close the position, I also take the CAKE rewards? (I think so, but it is not clearly explained).

2- The APY reported is calculated considering daily compound. Does that refer to ALPACA rewards reinvested manually in my open position, or only the “automatic” CAKE reward?

Thank you guys!

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