Right now I also see cake staking as a best option for passive income. Their APY is very high like over a year you will double your staked amount or more than that.
But there is a great risk involved in putting all eggs into one basket. If one exploitation or hack happens to cake then your funds will be lost fully. So I would say to diversify you vision.
I would say to stake a part of your fund with cake. And rest you should divide in two parts. Invest one in potential coins you expect to give multiple x profit and with the other part go with trend like when nft season go with nft, now it's blockchain gaming season coming. You can go with that.