If we lock our assets for 1 year, then, we'll

Question

If we lock our assets for 1 year, then, we'll

get around 60% apy, at least, right? Now that we are long term investors and help CAKE to grow, how does the team can assure us that we won't lose our money? How can the team work in favor of its long term investors rather than daily traders?

#cake #cryptocurrency #de-fi #english

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29.04.2022

19 ответов

8 просмотров

QV

Hugo
That’s the point. I mean… PCS gets my money for a ...

You clearly didn't read about how the product works before locking. The apy has always been a variable number. The boost is fixed. Please refrain from spreading misinformation thanks

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29.04.2022

Younes Ebrahimzadeh Автор вопроса

.

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29.04.2022

Hugo

QV
You clearly didn't read about how the product work...

Ok. Got it. So… how low can the value go?

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29.04.2022

Catü || I don't DM - Don't DM me ||

Hugo
Ok. Got it. So… how low can the value go?

that is something impossible to know

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29.04.2022

QV

Hugo
Ok. Got it. So… how low can the value go?

Can't go lower than whatever the flex rate was before ~60% but that's assuming if everyone locked for 52weeks so it'll settle at a number higher than that

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29.04.2022

Hugo

Catü || I don't DM - Don't DM me ||
that is something impossible to know

Thanks. Can you send that info on how it works?

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29.04.2022

🥞 Hai Tien | Never DM You First 🔮

apy is change, not fixed.

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29.04.2022

🥞 Hai Tien | Never DM You First 🔮

read more: https://docs.pancakeswap.finance/v/en/products/syrup-pool/new-cake-pool/cake-syrup-pool-faq https://docs.pancakeswap.finance/v/en/products/syrup-pool/new-cake-pool/fixed-term-staking

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29.04.2022

Catü || I don't DM - Don't DM me ||

No one can assure that. It’s your call to make like in every investment you do It’s also impossible to know what the APY will do

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29.04.2022

Catü || I don't DM - Don't DM me ||

Hugo
Thanks. Can you send that info on how it works?

!apyval

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29.04.2022

Combot

Hugo
Thanks. Can you send that info on how it works?

APR/APY values are influenced by: - Cake price - Liquidity for that reward token which is related with price - Total staked cake amount in that pool - Total reward token allocation / reward per block for that pool - Token’s price

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29.04.2022

QV

Maybe go through the pinned tweets and see what the team have delivered in the past 18 months?

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29.04.2022

Hugo

QV
Can't go lower than whatever the flex rate was bef...

Oh great. Thanks for the info! 💪

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29.04.2022

QV

Hugo
Oh great. Thanks for the info! 💪

Keep an eye out for the additional benefits the chefs are working on for cake lockers ;)

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29.04.2022

Younes Ebrahimzadeh Автор вопроса

Catü || I don't DM - Don't DM me ||
No one can assure that. It’s your call to make lik...

Yeah, and I really don't care about the apy that much. at least, it'd be 64% like before. The question is, is there any plans to burn tokens or other things like raising money or whatever, to keep or increase the value of the tokens or to least, move in the way that the market does?

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29.04.2022

Combot

Younes Ebrahimzadeh
Yeah, and I really don't care about the apy that m...

There is a weekly token burn every Monday/Tuesday (NO SPECIFIC TIME). Read about the emission rate and deflationary mechanics here: CAKE Tokenomics

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29.04.2022

Catü || I don't DM - Don't DM me ||

Younes Ebrahimzadeh
Yeah, and I really don't care about the apy that m...

There’re Burns every Monday. You can read all the news on the Announcement Channel to be up to date since Bunnies have been working on this for over a year now and they’re still on it. You can also read all the Mediums that speak about being neutral.

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29.04.2022

Combot

Catü || I don't DM - Don't DM me ||
There’re Burns every Monday. You can read all th...

There is a weekly token burn every Monday/Tuesday (NO SPECIFIC TIME). Read about the emission rate and deflationary mechanics here: CAKE Tokenomics

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29.04.2022

Hugo · Accepted Answer

That’s the point. I mean… PCS gets my money for a year and waves me with an apy of 220%, and that’s the reason I gave my money for a year, then they change the rules of the game and reduce my apy, precisely the thing that got me into this, and I’m not allowed to unlock my money. I thin it would be fair to have the value locked but if PCS during the lock period reduced the APY these would mean a change of terms and the user would be allowed to withdraw his money.

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