CAKE is a good coin with high ROI. They are always adjusting the emission rate so after one year you might not have the returns you were expecting, but with $5000 to invest I think you should have no problem making a couple thousand dollars as long as the price doesn't have a significant decline.
I personally don't currently own any CAKE because I mostly hold BTC and the only DeFi tokens I own offer higher returns but with greater risk. In the past I have held CAKE for staking and I still believe in it's potential.
i am agree staking cake was good choice , beside it was as good project staking rate also interested for us. It didn offer too high rate but still acceptable for every investors. Picking good project to stake was an obligation but staking not to be obligation if this is was bad project.
in pancakeswap, you can stake the CAKE you have to get other tokens.
which maybe not be many alternatives like this exist on other platforms.
now the adoption of CAKE is also improving. I staked $300 in CAKE. I got my share well. I enjoy it all.
beside got return from staking reward, usually some wallet also give airdrop for cake staker. recent airdrop was POTS , cake staking be one of rules to eligible in this airdrop. we got double benefits from it.