Pancakeswap recently rolled out a new update that replaced their old staking design.
The old staking design was these 2:
Option 1: Auto compounding cake staking - 60% APY
Option 2: Manual Harvest cake staking - 48% APR or 60+% APY
You can unstake them both anytime you want.
For the new design, you also have two options:
Flexible staking - which is Auto Compounding, unstake anytime - 10% APY (as of today)
Fixed Staking - Pick how many weeks you are going to stake, Auto Compounding - 20+% APY up to 220+% APY depending on how many weeks you are going to stake. Max 52 weeks or 1 year. The lesser the weeks, the lesser the rewards. You can't unstake no matter what until the timer runs out.
A lot of people don't like this, myself included. I don't like how I won't have any control of my coins for a period of time. I don't like how my rewards are compounded instead of harvested. I don't like how it is Waaaaaaay less APY than the old design. It's also more complicated because before, you only have to stake it and wait for it to compound and you can unstake it anytime you want with a juicy APR. Now, you are forced to make a strategy which date you'd like to get your reward with a significantly less reward than the old design.
Sold all my cakes and bought Biswap. Auto stake it for 56+% APY and just forget it. I kinda feel like pancake swap removed the only feature people wanted from them. I know it's for controlling inflation, however, I feel like they did it in a bad way.
What are your thoughts on this?