Anyone still staking $CAKE? APY +170% 52 weeks

INCC

INCC

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I've never held or staked CAKE but I see that the +170 % APY Fixed-term is still available.

I'm fully aware of the impairment loss but it's bear market anyways and CAKE is down a lot...

Since that pool doesn't have any max amount per wallet you can put in, I'm wondering if it would be wise to drop the holdings there.. and just roll through the bear market even if it lasts until 2024 - Sounds like a good option to double your holdings with a year + also considering that CAKE goes up a lot with the next bull run.

Could turn 10 K to easy 100 K

Thoughts?
 
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impermanent*
 
If you think $Cake gonna go up over the years, you should be good.

Their pool is legit.
 
170apy ? Are you sure it offers that even now? Because many left as apy reduced?
 
@VSYNC input needed fast.
 
k2h2 said:
170apy ? Are you sure it offers that even now? Because many left as apy reduced?
Click to expand...
Yep. Just went to their Telegram chat and asked, admin replied directly.
 
170% APY means that a lot of new coins are entering cirulation. The market cap should grow by more than 170% for you to see a profit (assuming that everyone are staking, which is not the case, but still).
 
roydan said:
170% APY means that a lot of new coins are entering cirulation. The market cap should grow by more than 170% for you to see a profit (assuming that everyone are staking, which is not the case, but still).
Click to expand...
Makes no sense. It's bear market, we are waiting for the bullrun and just sitting when the compound interest keeps putting on to staking.. why should anyone need to wait more coins to enter the circulations? Pancakeswap is backed by Binance.
 
In a bear market dex tokens are actually biggest losers.

I personally prefer in a bear market to look for a potential hot new startup that could do 100x once markets go bullish again.

Startup can launch with as little as $20k market cap so 100x is still just a tiny $2mil market cap.

While Cake already now has market cap of around $5B so even to double in price has to get extra $5B of investors money in.

I know one investor that all he does is investing in presales and he is already out at 3x on launch day, when startup goes live on dex like Cake.
 
Surfer420 said:
In a bear market dex tokens are actually biggest losers.
Click to expand...
Explain, your opinion on this current case is not valid if you cannot provide any significant case study or a reasonable explanation.

If you are going to roll out through bear til the bull then how can you be a loser, especially if you go with a token that is supported by Binance and virtually zero losses since you need to hold coins on bear market anyways.. so please explain me how it's a loss.
 
Surfer420 said:
In a bear market dex tokens are actually biggest losers.

I personally prefer in a bear market to look for a potential hot new startup that could do 100x once markets go bullish again.

Startup can launch with as little as $20k market cap so 100x is still just a tiny $2mil market cap.

While Cake already now has market cap of around $5B so even to double in price has to get extra $5B of investors money in.

I know one investor that all he does is investing in presales and he is already out at 3x on launch day, when startup goes live on dex like Cake.
Click to expand...
How does he find and get in presales?
Give me the sauce bro lol
Like seedify or something?
 
170% APY sounds actually crazy might jump into it
 
Cake is dead, it will not survive the bear market.
 
I lost access to my metamask account and lost my $200 investment into cake :( I thought I saved the right backup code, turns out it linked to another account I never used :(
 
whywork said:
If you think $Cake gonna go up over the years, you should be good.

Their pool is legit.
Click to expand...
Cake has given decent returns to investors since it started. If it continues with same pace, then OP will get huge benefits.
 
$cake is solid buy that apy will continue to drop
 
INCC said:
Makes no sense. It's bear market, we are waiting for the bullrun and just sitting when the compound interest keeps putting on to staking.. why should anyone need to wait more coins to enter the circulations? Pancakeswap is backed by Binance.
Click to expand...
What do you mean by backed up by binance ? What security does it offer ?
 
INCC said:
I've never held or staked CAKE but I see that the +170 % APY Fixed-term is still available.

I'm fully aware of the impairment loss but it's bear market anyways and CAKE is down a lot...

Since that pool doesn't have any max amount per wallet you can put in, I'm wondering if it would be wise to drop the holdings there.. and just roll through the bear market even if it lasts until 2024 - Sounds like a good option to double your holdings with a year + also considering that CAKE goes up a lot with the next bull run.

Could turn 10 K to easy 100 K

Thoughts?
Click to expand...
UPDATE:

3.5 half months have passed and the APY has dropped to 62 % :)
 
INCC said:
3.5 half months have passed and the APY has dropped to 62 % :)
Click to expand...
Most tokens use high APY as bait and then spiral down
Find a bunch of microcap coins that have the potential to become blue-chips

To mitigate risk even further, go hard on metaverse when bitcoin bottoms
My personal picks would be sand and gala
 
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