Seeing a lot of questions about the $CAKE fixed-term and flexible staking APY.
3 factors that impact the APY:
🥞Total $CAKE staked in $CAKE pool (flexible + fixed)
🥞Total locked $CAKE
🥞Average #CAKE lock duration
Please read the docs👇
Because the APY is dropping at a very fast rate! At this rate, in the projected 3 years it will take us to hit max Supply, the APY would have become insignificant and that would be bad for both the community and project!
why thinking that ahead?? Come back to NOW because it hasn't happened and Chefs are working everyday on new Burn ways and so
In case you're not happy with the work they are doing you can decide what to do
APY is not fixed and it always keeps on changing depending on the number of cakes staked, number of cake you staked, total pool reward etc. If APY is dropping in any pool that means more users are staking in that pool.
Now for what you're worried about, Every week cake is burned, use case of cake is not only to stake in one pool and get the APY, there are different products on Pancakeswap and different use cases, pools to stake/earn/use where cake is used, and team is always exploring for more usecases/products for the community.