Quote from: 7788bitcoin on August 28, 2021, 11:13:40 PM

Quote from: Handpari on August 26, 2021, 09:03:42 AM

Cake is great and will double in value this year
Cake token returns 100% APY on pancake swaps and is it’s the native token. I don’t think those rates will last forever but valve of coin goes up incredibly fast also. Most my passive income I make from cake.

Really i was not aware of the pancakeswap APY because i never bothered to check them, but when i heard about users making a healthy profit in staking coins i was curious to check them out and now i am staking a few coins and i am planning to add a few as well and i might be staking or provide liquidity for a while and then i would book the profit before the next major correction.

If you are gonna do liquidity, make sure you have known about impermanent loss. Most of people don't aware with impermanent loss and just blindly put their money into liquidity,and when the price of the coin is rise and they want to sell it. They would only get smaller amount compared while they did the liquidity.