Looks like the market might be af the bottom with slight gains being made. Or if could all of a sudden dip 🤔
Seems to be relatively stable at the 1.2 tril mark though.
What is everyone aping into?
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I may ape into the CAKE Kingdom at Cub Finance via Pancake v2. I have enough CUB that I can divert a bit of it into CAKE to take advantage of the insane 8,259.41% APR. If I see that this goes well, I'll either backfill the CUB or shift assets around to put them into CAKE.
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I've got a little in CAKE as well. I'm not sure those APRs are accurate though. They've been that high for a while. Seems a little "too good to be true"-ish to me. Anyway of checking to see if they're accurate?
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There may be some truth to that APR given that it compunds nearly 4200 times per year. I didn't even know such as thing was possible!
Since the time I staked CAKE in the Kingdom I earned 0.012 CUB Rewards. During the time I was typing this comment I earned an additional 0.001 CUB Rewards.
Accurate info or not, I'm seeing results after aping into CAKE!
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Crazy numbers…
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hahaha that's it
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Those numbers are pretty crazy. Is it because there isn't enough liquidity in that kingdom?
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I don't know how to check liquidity beyond the difference between the BID and ASK price, but that is a very good possibility. More so since CAKE is the native token for PancakeSwap.
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Well one could take advantage of it until it is no longer true :D
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Reading this made me remember of CUB which I kind of forgotten for a while. Thank you :) Need to look into the crazy APR :)
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Just keep in mind that the crazy APY is for the CAKE Kingdom. The CUB Kingdom has a more "sedate" APR of 57.16%.
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Yes, I have CAKE staked on it and the APR is so yummy! It's tempting so I might add some more to my stake :)
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Cub defi is like that mother that the adolescent son forgets once he becomes independent haha. I also have time without seeing although my autoinvestments are still active, I hope to reach 100 CUB and continue to increase.
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Hahaha, that's a nice way to put it. It's kinda set and forget and just let it autocompound. All the best on your stakes :)
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Hahaha sure, that's a very useful tool, maybe I'll check it out in a few years and have a whole gold mine there :D
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Hahaha, wish we really can do that.
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I took out all the CAKE I had because with the price drop I thought I would never make a good profit, haha I was wrong.
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Where was the CAKE at the time? Just in a wallet, at some other exchange or DEX?
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I had it in the cubdefi kingdom.
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Is the APR really that high? I didn't think it would and Pancake is still doing tons of liquidity so I think it will hold up well and it could be a fairly safe investment.
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I took those numbers from the Kingdom Page of Cub Finance, and the CAKE Kingdom is associated with Pancake v2. APY and APR numbers change daily, but they should be more or less what I showed in the earlier comment.
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Not really aping into anything right now. Just on the wait and see stage for most things.
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