CAKE is the native token at pancakeswap.finance. PancakeSwap.finance is based on the Binance Smart Chain (BSC). The Binance Smart Chain (BSC) runs parallel to Binance Chain providing faster and cheaper transactions. A block is produced every 3 seconds. The important goal for BSC is to come up with a staking mechanism for BNB.
People very commonly put their Cake these days with Pancake Bunny, ValueDeFi, and other best places to make their money work for them. Pancakebunny.finance is the best place for your Cake!
It is important to ensure that the projected APY or APR are accurate. The Time Frame for APY is usually projected Daily and for different time frames. You need to check in to the APY for CAKE with other Yield farms and also experiment if what the APY they advertise is what you get.
Normally the CAKE investment is like they put 40% of it in Pancake Bunny and 60% in the actual CAKE farm. When you stake it straight on the CAKE site, it is the lowest.
Pancakebunny obviously gives you more. When you buy CAKE you have applicable withdrawal fee and performance fee.
However an experienced yield farmer has stated: “I believe the CAKE to be auto-compounding, but not the BUNNY. The 30% of the CAKE you should be getting is taken in fees by pancakebunny. However, these 30% fees are then converted to BNB, and then this amount (in BNB) is given with a multiplier of 5 in BUNNY.
Since 5 BUNNY is worth way more than 1 BNB, you’re getting free money. However, this does not auto-compound into your total asset. By manually compounding about once every 10 days, you’re getting an even higher APY (this would require you to claim, swap bunny for cake, then reinvest).
With around 275 APY on pancakebunny you are able to get around 425-475 real APY. So to sum up, pancakebunny is selling themselves short of how good it is.
Many acknowledge that PanCakeBunny is still the best place to stake Cake. This is because several other yield farms to not give out the advertised daily APY.
However, Bunny says it’s automatic, but seems like users have to compound themselves. It just looks like we have to work hard to optimize earnings. By compounding and optimizing may be someone will become a millionaire when played right putting their CAKE in Pancakebunny.
Users should verify if these calculations will work as cake emission will keep dropping and bunny price is volatile too.
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