So pancake swap recently slashed the staking APY heavily for the CAKE token (12% down from around 70%).
That's unless you choose their locked staking option. You can choose your lock-up period and the maximum is 1 year, where you'll be given 230% APY. This is an attractive offer but I'm not sure whether CAKE will hold its value one year from now. Traditionally, the BNB chain was the only option if one wants to interact with smart contracts but not have to pay Eth's transaction fees. But now there are many competing layer 1's.
What do you guys think?
Better moving and out from CAKE coins taking after down APY reward from 70% become 12% and price not stable, last days drop drastically from $8 and now almost $7.4. Bad thing with Cake coins almost reach $40 all time high price and right now drop drastically and not interested again for staking on this coin. I think have enough you can removed your staking or farming on Cake coin before price dump again and loss much with Cake coin staking or farming.