Until now the volume of cake moving is still said to be very good and hopefully there will be an increase and development of CAKE so that the market always supports the increase in CAKE prices in the future.
Cake only needs a good market in order to increase its volume and price in the market, because some investors may still like Cake so the potential for an increase in price is still there as long as the market can be very good in the near future. 
Topic: Need a second opinion on the new CAKE staking system (Read 193 times)
Im as a long term farmers for the cake and i was supporting the change of its APY for short term farmers. The short term farmers will always be dumping their cake to the market once they received it. This is adding a very strong pressure to the price of cake once more and more short term farmers are dumping their cake to the market. This is what it should be. I were long term farmers got very good APY and im so glad with it.
I think this may be a reason for the slash that is meant to discourage short time hodlers and encourage hodling long. If a project is not yet accepted and strong in the market with strong community base then they can come up with different measure to grow the project which this is one of them . They have provided an option to either hodl for long and benefit or sell early for lower benefit in percentage.
I think that this the best choice for the pancake.
This is one of the possible reason but the common reason for the longer time frame with lower APY is because the supply is already huge so the difficulty of token emission need to increase to avoid possible price dump due to over supply. Simply this is just a method same to Bitcoin halving that increase difficulty everytime it reach a certain block.
Cake has a lot of holders and the price continuous to dump. This adjustment on staking is written on the whitepaper if user will have time to read it.
Im as a long term farmers for the cake and i was supporting the change of its APY for short term farmers. The short term farmers will always be dumping their cake to the market once they received it. This is adding a very strong pressure to the price of cake once more and more short term farmers are dumping their cake to the market. This is what it should be. I were long term farmers got very good APY and im so glad with it.
I think this may be a reason for the slash that is meant to discourage short time hodlers and encourage hodling long. If a project is not yet accepted and strong in the market with strong community base then they can come up with different measure to grow the project which this is one of them . They have provided an option to either hodl for long and benefit or sell early for lower benefit in percentage.
I think that this the best choice for the pancake.
This depends on how long you can be in front of your PC and how long you could trust Cake as well. If you could just lock it and leave it at there and you have the money for waiting that much, then it shouldn't really be a problem. I mean think about it, if cake price doubles, and you have 200% return at the same time, we are talking about a huge increase. Your 1k could turn into 8k right? I am sorry if my calculation is wrong but if Cake goes up and you wait it out then you will be profiting a lot.
But, if you do not trust cake or if you do not have the money to wait it out, then you are not going to like the current system and will want the old one back.
But, if you do not trust cake or if you do not have the money to wait it out, then you are not going to like the current system and will want the old one back.
Im as a long term farmers for the cake and i was supporting the change of its APY for short term farmers. The short term farmers will always be dumping their cake to the market once they received it. This is adding a very strong pressure to the price of cake once more and more short term farmers are dumping their cake to the market. This is what it should be. I were long term farmers got very good APY and im so glad with it.
I think this may be a reason for the slash that is meant to discourage short time hodlers and encourage hodling long. If a project is not yet accepted and strong in the market with strong community base then they can come up with different measure to grow the project which this is one of them . They have provided an option to either hodl for long and benefit or sell early for lower benefit in percentage.
So that's why people continue to defend CAKE because as long as Pancakeswap operates properly, CAKE will continue to live and the price will not be thrown away and fall like you said.
So I think now and in the future, it is still natural for us to maintain CAKE.
Cake is a Dex token whose exchange has been used very often by some people in certain cases so it will obviously continue to live as long as the Pancakeswap exchange is still running smoothly and there have never been any problems.So I think now and in the future, it is still natural for us to maintain CAKE.
Withholding Cake is still possible and it is not wrong because the potential for improvement is clearly still there if the market can be very supportive with gradual increase in volume.
Until now the volume of cake moving is still said to be very good and hopefully there will be an increase and development of CAKE so that the market always supports the increase in CAKE prices in the future.
So that's why people continue to defend CAKE because as long as Pancakeswap operates properly, CAKE will continue to live and the price will not be thrown away and fall like you said.
So I think now and in the future, it is still natural for us to maintain CAKE.
Cake is a Dex token whose exchange has been used very often by some people in certain cases so it will obviously continue to live as long as the Pancakeswap exchange is still running smoothly and there have never been any problems.So I think now and in the future, it is still natural for us to maintain CAKE.
Withholding Cake is still possible and it is not wrong because the potential for improvement is clearly still there if the market can be very supportive with gradual increase in volume.
Im as a long term farmers for the cake and i was supporting the change of its APY for short term farmers. The short term farmers will always be dumping their cake to the market once they received it. This is adding a very strong pressure to the price of cake once more and more short term farmers are dumping their cake to the market. This is what it should be. I were long term farmers got very good APY and im so glad with it.
I am sure the APY adjustment is for the benefit of the CAKE ecosystem. I don't find it disturbing if it will help CAKE to build a stronger economic foundation. As for the lock staking, it is both pros and cons. OP, you worry about the price crashing if you lock your stake for 1 year, what about if the price surge after a year of locking your stake? Just weigh it out OP, which investment system suits you. If you think both are unfair then just let go and look for another venture.
exactly this steps taken by the team behind the platform must be for increasing the value of cake itself I could guess, although we all know that cake valuation could be very well coming from the fact that it was the best altcoin used for staking in the formerlyday maybe the team just wanted a different approach instead of selling their flexibility and massive APY that they have offered since ancient times.
I mean this kind of change coming from staking platform is like very normal thing so many platform make adjustment in their platform and that is of course based from their own analyzation of the current circumstance of this certain altcoin
i’m sure this was adjusted for the sake of increasing the value of cake.
So pancake swap recently slashed the staking APY heavily for the CAKE token (12% down from around 70%).
That's unless you choose their locked staking option. You can choose your lock-up period and the maximum is 1 year, where you'll be given 230% APY. This is an attractive offer but I'm not sure whether CAKE will hold its value one year from now. Traditionally, the BNB chain was the only option if one wants to interact with smart contracts but not have to pay Eth's transaction fees. But now there are many competing layer 1's.
What do you guys think?
Well, most new projects do this and more likely a norm now. To be honest, this is a subjective topic, it will depend on every individuals risk appetites if they want to hop in, of course there will always be a risk and we may never know if it will hold or not. No one can predict that. The thing is, will the APY be fixed or not? If it's not if there are lot of stakers then probably it's too risky, the APY will surely decline. That's unless you choose their locked staking option. You can choose your lock-up period and the maximum is 1 year, where you'll be given 230% APY. This is an attractive offer but I'm not sure whether CAKE will hold its value one year from now. Traditionally, the BNB chain was the only option if one wants to interact with smart contracts but not have to pay Eth's transaction fees. But now there are many competing layer 1's.
What do you guys think?
I think that cake coin can maintain its high value in the long term, I mean we will definitely see a rise in the price of cake coin once there is a rise in the market in general, we always see cake coin rise with the price of bitcoin so you have to watch the rise of bitcoin, I think pancakeswap will witness an increased demand On farming, especially since Binance fees are still low and the work environment looks very good and promising, but you have to wait and be patient.
So pancake swap recently slashed the staking APY heavily for the CAKE token (12% down from around 70%).
That's unless you choose their locked staking option. You can choose your lock-up period and the maximum is 1 year, where you'll be given 230% APY. This is an attractive offer but I'm not sure whether CAKE will hold its value one year from now. Traditionally, the BNB chain was the only option if one wants to interact with smart contracts but not have to pay Eth's transaction fees. But now there are many competing layer 1's.
What do you guys think?
Though the offer is very attractive and apparently tempting, I suggest for you OP think which one is safe. If you can't afford to hold or stake longer like a year, please don't do that. I'm not sure nor we can assure that the CAKE token is way good-looking and promising that staking long-term will give us a profit. We can't just neglect the possibility that it may down badly making our investment gone all of the sudden. I think it was not because of the huge offer and rewards when staking, we should have to think about the safety assurance of our investment that we never cry in vain on the latter. That's unless you choose their locked staking option. You can choose your lock-up period and the maximum is 1 year, where you'll be given 230% APY. This is an attractive offer but I'm not sure whether CAKE will hold its value one year from now. Traditionally, the BNB chain was the only option if one wants to interact with smart contracts but not have to pay Eth's transaction fees. But now there are many competing layer 1's.
What do you guys think?
However, if I had a bit more money than I would have probably kept some of it in cake for sure. I still have some cake staking, but unfortunately it is ready to be cashed out at any moment because I can't afford to keep it in locked. Maybe I will try it later in my life, but not today.
You can choose the locked staking option and choose 1 year as your lock in period, that way you will still receive higher apy's. Cake seems to be a good coin and 1 year is not that long. If you are worried because there are now newer chains, well I don't think they will easily surpassed binance.
It will took them ages before that happens. If you are doubting of staking for long term, then you can always stake for shorter terms but pick another platform or coin to stake which can offer higher apy's than cake but the only downside of picking them is they can be less trusted than. You need to choose if what's more important for you. It is the reward or your safety?
It will took them ages before that happens. If you are doubting of staking for long term, then you can always stake for shorter terms but pick another platform or coin to stake which can offer higher apy's than cake but the only downside of picking them is they can be less trusted than. You need to choose if what's more important for you. It is the reward or your safety?
It’s cake, it’s the pancakeswap, it’s the place that is the biggest defi in all of bsc, if you do not trust them then you are making a huge mistake. The returns may not look great to you, but you should not invest and stake based on your staking income at all, you should consider it like any other token or coin. If you buy it, and the price does 2x then that is why you invested and you should be happy about it. If the staking rewards give you something in return during that period it is even better.
It is not the staking rewards that should attract you, if you are investing just for that then stay away, but if you believe the price of cake will go up, and you "might as well" stake, that’s a better approach.
It is not the staking rewards that should attract you, if you are investing just for that then stay away, but if you believe the price of cake will go up, and you "might as well" stake, that’s a better approach.
Even though the BSC Blockchain is not the first layer, we also don't need to worry because BSC is dependent on Binance.
So as long as Binance is alive, everything will continue to be safe.
It seems that her worry about her CAKE is too much maybe.
Actually, it's not an exaggeration either because every concern has absolute reasons and as long as the Pancakeswap is still operating very well, the potential for CAKE will always be there. Because the increase in price and volume always depends on how the market conditions go and also on how investors enter CAKE.So as long as Binance is alive, everything will continue to be safe.
It seems that her worry about her CAKE is too much maybe.
out whether a particular project would really last up for a while and not just been rising up because of pure hype.Majority of people do knows about CAKE
and its true that as long Pancakeswap is still running then its really hard to believe that it would plummet its price into the floor.
So that's why people continue to defend CAKE because as long as Pancakeswap operates properly, CAKE will continue to live and the price will not be thrown away and fall like you said.
So I think now and in the future, it is still natural for us to maintain CAKE.
Same thoughts as you OP.
I wouldn't choose the locked option because you'll never know what may happen. You might miss the train if the price of cake goes on high. Just always choose the flexi term so that you can sell whenever you want to sell.
Well, it's their attraction when they decrease the rate so that people that are into it will be forced to choose the locked type but it's okay if the drop is just 12%. The rate is still quite good IMO.
I wouldn't choose the locked option because you'll never know what may happen. You might miss the train if the price of cake goes on high. Just always choose the flexi term so that you can sell whenever you want to sell.
Well, it's their attraction when they decrease the rate so that people that are into it will be forced to choose the locked type but it's okay if the drop is just 12%. The rate is still quite good IMO.
Even though the BSC Blockchain is not the first layer, we also don't need to worry because BSC is dependent on Binance.
So as long as Binance is alive, everything will continue to be safe.
It seems that her worry about her CAKE is too much maybe.
Actually, it's not an exaggeration either because every concern has absolute reasons and as long as the Pancakeswap is still operating very well, the potential for CAKE will always be there. Because the increase in price and volume always depends on how the market conditions go and also on how investors enter CAKE.So as long as Binance is alive, everything will continue to be safe.
It seems that her worry about her CAKE is too much maybe.
out whether a particular project would really last up for a while and not just been rising up because of pure hype.Majority of people do knows about CAKE
and its true that as long Pancakeswap is still running then its really hard to believe that it would plummet its price into the floor.
Pretty the same like cake was forcing its farmers to do a long term staking that will decrease the inflation for the cake token. This is good for the token but not for the short term farmers who can take their tokens anytime from the liquidity pool.
I do know how do you feel caused by that but cake team was taking it as their best decision to make the platform can sustain for the long term. When more farmers gone to the long term and this will make cake will be less dumped by those farmers.
I can only support what already decided by cake team but did you think binance can collapse easily? this exchange site was even making huge domination.
I do know how do you feel caused by that but cake team was taking it as their best decision to make the platform can sustain for the long term. When more farmers gone to the long term and this will make cake will be less dumped by those farmers.
I can only support what already decided by cake team but did you think binance can collapse easily? this exchange site was even making huge domination.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Even though the BSC Blockchain is not the first layer, we also don't need to worry because BSC is dependent on Binance.
So as long as Binance is alive, everything will continue to be safe.
It seems that her worry about her CAKE is too much maybe.
Actually, it's not an exaggeration either because every concern has absolute reasons and as long as the Pancakeswap is still operating very well, the potential for CAKE will always be there. Because the increase in price and volume always depends on how the market conditions go and also on how investors enter CAKE. So as long as Binance is alive, everything will continue to be safe.
It seems that her worry about her CAKE is too much maybe.
My worry is the BSC ecosystem could fall down in popularity due to the layer1 competition. I have a good chunk of CAKE and I'm trying to figure out what best to do with it.
Why would the BSC ecosystem shut down because of a drop in popularity? I don't think there is any risk of it falling down. At what price did you bought CAKE? If you are heavily in profit, I would sell 50% of it or more (just take some profit) and with the rest you can just play. If you are in loss and you don't believe in the project anymore, I would also sell them and take your loss.
Jump to: