Quote from: mk4 on January 17, 2022, 06:27:29 AM

Quote from: anurag54321 on January 17, 2022, 06:19:42 AM

Thank You everyone for the reply. One last question: What do you think about staking Cake coin in the syrup pool on Pancakeswap. Can it be considered low risk?

Not really. The risks are:

1. Pancakeswap being exploited
2. Impermanent loss from the LP
3. Binance Smart Chain going bust

You’re also forgetting the part of being hacked, because I can remember that the exchange was once hacked around 2020 (last year), although no funds were lost in that case. According to blockfi.com the hackerSIM-Swapped one of their employees phone, and that was what led to their platform being hacked.

So please tell me, what’s the possibility of such thing not repeating itself again? Unless they are going to be very careful this time, making sure that they avoid anything that would lead to such events happening again. Although I do know that this kind of events hardly occurs, because we hardly see news of big exchanges being hacked.