If you initially select a short duration (say 10 weeks)

Question

If you initially select a short duration (say 10 weeks)

when locking cake, and just keep extending it from time to time to eventually getting to 52 weeks, does APR work out to the same as if you selected duration as 52 weeks from the get go?

I couldn’t figure this out in reading the FAQ: https://docs.pancakeswap.finance/products/syrup-pool/new-cake-pool/fixed-term-staking

#cake #cryptocurrency #de-fi #english

0

11.05.2022

15 ответов

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Penguin Antarctica Автор вопроса

QV
no... you would earn it at the rates displayed and...

So the moment I extend it, that’s when I start getting the higher APR on my staked CAKE, but my staked CAKE before that gets the lower APR?

0

11.05.2022

QV

Penguin Antarctica
So the moment I extend it, that’s when I start get...

yes

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11.05.2022

Penguin Antarctica Автор вопроса

QV
yes

Thanks. If I lock for 52 weeks, is the APR I’m getting more than CAKE’s inflation rate?

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11.05.2022

Catü || I don't DM - Don't DM me ||

Penguin Antarctica
Thanks. If I lock for 52 weeks, is the APR I’m ge...

it's APY, not APR

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11.05.2022

QV

Penguin Antarctica
Thanks. If I lock for 52 weeks, is the APR I’m ge...

actually yea.. you would be. you're earning 140% apy atm if you lock max 52 weeks

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11.05.2022

Penguin Antarctica Автор вопроса

QV
actually yea.. you would be. you're earning 140% a...

Nice. How can I easily see or determine CAKE’s inflation rate?

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11.05.2022

QV

Penguin Antarctica
Nice. How can I easily see or determine CAKE’s inf...

!emissions

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11.05.2022

Combot

Penguin Antarctica
Nice. How can I easily see or determine CAKE’s inf...

Read about the emission rate and deflationary mechanics here: CAKE Tokenomics

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11.05.2022

Shahid Ansari

Catü || I don't DM - Don't DM me ||
it's APY, not APR

What is the difference between APY and APR

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11.05.2022

Catü || I don't DM - Don't DM me ||

Shahid Ansari
What is the difference between APY and APR

Annual Percentage Yield Annual Percentage Rate

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11.05.2022

Penguin Antarctica Автор вопроса

QV
actually yea.. you would be. you're earning 140% a...

If my math is right, CAKE supply increased by 78% from 365 days ago (May 10th, 2021) till now. So, indeed, I’d be beating inflation with current APY rates if locking for 52 weeks.

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11.05.2022

QV

Penguin Antarctica
If my math is right, CAKE supply increased by 78% ...

not sure but the apy would def be more than the issuance

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11.05.2022

Helen

Penguin Antarctica
If my math is right, CAKE supply increased by 78% ...

Cake release was higher at that time . And of course there were fewer token-burning processes

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11.05.2022