/biz/ - Business & Finance

[Anonymous No.30378234]

Is it worth staking your cake? What are the risks involved?

[Anonymous No.30378360]

>>30378234
definitely worth it, the APR is high. risk is they pull the rug and run but it is listed on and funded Binance so unless CZ pulls the plug the risk is probably quite low. compared to similar projects at least.

[Anonymous No.30378409]

>>30378360
Binance employees are part of the Pancake Swap team.
You'll find them dead in a HK backalley before they rug.

[Anonymous No.30378465]

>>30378234
>buying a farming coin and not farming it
do newfags really?

[Anonymous No.30378478]

>>30378234
Just use the syrup pool, really comfy.

[Anonymous No.30379031]

>>30378234
I stake my CAKE to get xMARK on those sweet syrup pools with over 300%APR in them.

[Anonymous No.30379906]

Do I swap half of 1000 BNB for cake and start farming at 120% APR? What if BNB moons and I'm left with cake, is it really following BNB pattern?

[Anonymous No.30380427]

>>30379906
Yes

[Anonymous No.30380824]

>>30378360
one question
When you say staking cakes, you mean staking the cake coin you get from staking a coin on pankecake swap? (example usdt)

[Anonymous No.30381079]

>>30378234
Pancakeswap had risky tokens, but isn't one. What's more, you can stake stablecoins and gain a higher apr than anywhere else that's fairly safe. It's like the higher risk, higher reward version of nexo.

[Anonymous No.30382273]

>>30379906
>Do I swap half of 1000 BNB for cake and start farming at 120% APR?
gas fees are low?
why don't you simply stake on bancor? you get the same apr

[Anonymous No.30382934]

>>30378234
You stake until BNB/CAKE pumps which happens when they burn coins.
Then you wait until price goes down, rebuy and stake again

[Anonymous No.30383452]

>>30381079
>What's more, you can stake stablecoins and gain a higher apr than anywhere else that's fairly safe
so you suggest to stake stable coins on pancake swap?

[Anonymous No.30383629]