I am curious about why PCS can afford higher APY

Question

I am curious about why PCS can afford higher APY

for cake's locked staking this time than before and if the APY is not sustainble at least for quite a while (it drops very rapidly probably due to more and more investments), it might not be worthier of investing than other defi projects. What ist then the long-term strategy of PCS to attract investors and where we can get information for all these issues?

#cake #cryptocurrency #de-fi #english

0

03.05.2022

10 ответов

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Johannes Sun Автор вопроса

Jeff K
First, I believe they just took the original APY a...

I tried to extend but failed to do it, why? after duration addition the 'confirm' button is still gray and does not open for being pressed

0

03.05.2022

Jeff K

Johannes Sun
I tried to extend but failed to do it, why? after ...

You can only do 52w max… so you have to wait if you already are at 52weeks

0

03.05.2022

Johannes Sun Автор вопроса

would you kindly share with me the link for the redesign?

0

03.05.2022

Johannes Sun Автор вопроса

Jeff K
You can only do 52w max… so you have to wait if yo...

that is, one can get 169.72% as the highest APY for this moment and it will drop all the time as I said before? In comparison with yesterday it dropped more than 3%, how can we be secured of high profit if our staking is locked for 52w?

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03.05.2022

Jeff K

Johannes Sun
that is, one can get 169.72% as the highest APY fo...

Over 100% is insane… frankly 20% is still good… yea, it’s not a billion % … that’s unsustainable… as more ppl put in the % will lower and as time goes it’ll drop, but it’s still amazing. I’ve said this before, but you want to accumulate now … as much cake as you can, the price will rise in the future and the apy will be low at that time. Trust me, get as much cake as you can now.

0

03.05.2022

Johannes Sun Автор вопроса

Jeff K
Over 100% is insane… frankly 20% is still good… ye...

pardon for my stupid further questions: I noticed that cake dropped very dramatically from 26.6 to 5.3 for more than 7 months, how can we have confidence in its bright future?

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03.05.2022

Juan Rodriguez

Johannes Sun
pardon for my stupid further questions: I noticed ...

Good question.👍

0

03.05.2022

Simple Jack | Don't DM me | 8008135

Jeff K
Over 100% is insane… frankly 20% is still good… ye...

100000% APY usually happens 1) early adoptor then decreases quickly 2) scam coin

0

03.05.2022

Simple Jack | Don't DM me | 8008135

Johannes Sun
pardon for my stupid further questions: I noticed ...

Everything is down. Cake has held up pretty well considering

0

03.05.2022

Jeff K · Accepted Answer

First, I believe they just took the original APY and spread it weighted more for those staking longer (less sell pressure and that rewards the true believers in the project like me 52w staked + extending). As for their long term goals, they are constantly working on new stuff, actually producing these new things unlike other cryptos... and they have a vision for decades long. CAKE is going to be a household coin someday. Now is the best time to get in if you haven't.

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I am curious about why PCS can afford higher APY

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