Need a second opinion on the new CAKE staking system

[Lagduf]

I am sure the APY adjustment is for the benefit of the CAKE ecosystem.  I don't find it disturbing if it will help CAKE  to build a stronger economic foundation.  As for the lock staking, it is both pros and cons.  OP, you worry about the price crashing if you lock your stake for 1 year, what about if the price surge after a year of locking your stake? Just weigh it out OP, which investment system suits you.  If you think both are unfair then just let go and look for another venture.

exactly this steps taken by the team behind the platform must be for increasing the value of cake itself I could guess, although we all know that cake valuation could be very well coming from the fact that it was the best altcoin used for staking in the formerly
day maybe the team just wanted a different approach instead of selling their flexibility and massive APY that they have offered since ancient times.
I mean this kind of change coming from staking platform is like very normal thing so many platform make adjustment in their platform and that is of course based from their own analyzation of the current circumstance of this certain altcoin
i’m sure this was adjusted for the sake of increasing the value of cake.

[bittick]

Im as a long term farmers for the cake and i was supporting the change of its APY for short term farmers. The short term farmers will always be dumping their cake to the market once they received it. This is adding a very strong pressure to the price of cake once more and more short term farmers are dumping their cake to the market. This is what it should be. I were long term farmers got very good APY and im so glad with it.

[marcous]

So that's why people continue to defend CAKE because as long as Pancakeswap operates properly, CAKE will continue to live and the price will not be thrown away and fall like you said.
So I think now and in the future, it is still natural for us to maintain CAKE.

Cake is a Dex token whose exchange has been used very often by some people in certain cases so it will obviously continue to live as long as the Pancakeswap exchange is still running smoothly and there have never been any problems.
Withholding Cake is still possible and it is not wrong because the potential for improvement is clearly still there if the market can be very supportive with gradual increase in volume.

[lornadane]

So that's why people continue to defend CAKE because as long as Pancakeswap operates properly, CAKE will continue to live and the price will not be thrown away and fall like you said.
So I think now and in the future, it is still natural for us to maintain CAKE.

Cake is a Dex token whose exchange has been used very often by some people in certain cases so it will obviously continue to live as long as the Pancakeswap exchange is still running smoothly and there have never been any problems.
Withholding Cake is still possible and it is not wrong because the potential for improvement is clearly still there if the market can be very supportive with gradual increase in volume.

Until now the volume of cake moving is still said to be very good and hopefully there will be an increase and development of CAKE so that the market always supports the increase in CAKE prices in the future.

[palle11]

Im as a long term farmers for the cake and i was supporting the change of its APY for short term farmers. The short term farmers will always be dumping their cake to the market once they received it. This is adding a very strong pressure to the price of cake once more and more short term farmers are dumping their cake to the market. This is what it should be. I were long term farmers got very good APY and im so glad with it.

I think this may be a reason for the slash that is meant to discourage short time hodlers and encourage hodling long. If a project is not yet accepted and strong in the market with strong community base then they can come up with different measure to grow the project which this is one of them . They have provided an option to either hodl for long and benefit or sell early for lower benefit in percentage.

[darewaller]

This depends on how long you can be in front of your PC and how long you could trust Cake as well. If you could just lock it and leave it at there and you have the money for waiting that much, then it shouldn't really be a problem. I mean think about it, if cake price doubles, and you have 200% return at the same time, we are talking about a huge increase. Your 1k could turn into 8k right? I am sorry if my calculation is wrong but if Cake goes up and you wait it out then you will be profiting a lot.

But, if you do not trust cake or if you do not have the money to wait it out, then you are not going to like the current system and will want the old one back.

[bittick]

Im as a long term farmers for the cake and i was supporting the change of its APY for short term farmers. The short term farmers will always be dumping their cake to the market once they received it. This is adding a very strong pressure to the price of cake once more and more short term farmers are dumping their cake to the market. This is what it should be. I were long term farmers got very good APY and im so glad with it.

I think this may be a reason for the slash that is meant to discourage short time hodlers and encourage hodling long. If a project is not yet accepted and strong in the market with strong community base then they can come up with different measure to grow the project which this is one of them . They have provided an option to either hodl for long and benefit or sell early for lower benefit in percentage.

Yeah that's the main reason why cake was taking such decision. As you can see that if the dev of cake will not slash the APY drastically without any strong reason and so cake's vision has been changing from short to the long term believers. This is not something wrong. I guess if any developers are also watching and taking any decision as expenriment to get the best formula to make its platform to growth. Big APY for short term just making cake diluted by more and more supply that dumped by farmers.
I think that this the best choice for the pancake.

[Beparanf]

Im as a long term farmers for the cake and i was supporting the change of its APY for short term farmers. The short term farmers will always be dumping their cake to the market once they received it. This is adding a very strong pressure to the price of cake once more and more short term farmers are dumping their cake to the market. This is what it should be. I were long term farmers got very good APY and im so glad with it.

I think this may be a reason for the slash that is meant to discourage short time hodlers and encourage hodling long. If a project is not yet accepted and strong in the market with strong community base then they can come up with different measure to grow the project which this is one of them . They have provided an option to either hodl for long and benefit or sell early for lower benefit in percentage.

Yeah that's the main reason why cake was taking such decision. As you can see that if the dev of cake will not slash the APY drastically without any strong reason and so cake's vision has been changing from short to the long term believers. This is not something wrong. I guess if any developers are also watching and taking any decision as expenriment to get the best formula to make its platform to growth. Big APY for short term just making cake diluted by more and more supply that dumped by farmers.
I think that this the best choice for the pancake.

This is one of the possible reason but the common reason for the longer time frame with lower APY is because the supply is already huge so the difficulty of token emission need to increase to avoid possible price dump due to over supply. Simply this is just a method same to Bitcoin halving that increase difficulty everytime it reach a certain block.

Cake has a lot of holders and the price continuous to dump. This adjustment on staking is written on the whitepaper if user will have time to read it.

[Ten98]

Until now the volume of cake moving is still said to be very good and hopefully there will be an increase and development of CAKE so that the market always supports the increase in CAKE prices in the future.

Cake only needs a good market in order to increase its volume and price in the market, because some investors may still like Cake so the potential for an increase in price is still there as long as the market can be very good in the near future.