$CAKE

ADVICE

OK so hear me out. I simply use binance to buy and stake or earn other ways. Anyway, I was staking a few BNB but I reached my quota limit and the APY is around 7.5% in the best staking.

Looking at CAKE it's 10% for flexible savings, and up to 79% for some of the staking options. Now heres what I know about CAKE : It's the native token for pancakeswap and is well established. This to me means it's a fairly safe investment for long term sitting and holding. I know I'd probably get better rates if I did it on pancakeswap but I'm a simple guy with low understanding of alot of the crypto world so I stick with user friendly binance.

Now : RED ALERT. High APY means risk/scam/rugpull. I know cake is not a scam or a rugpull (right..?).

I have enough BNB spare to buy the CAKE and max out all staking quotas for 90 ans 120 days. . So my question is, should I change some up and stake for the nice returns, or is there something better I can do?

Please, no shilling your favourite CUMINU coin just good facts and knowledge about good and safe projects or if CAKE is a good or bad idea. Thanks in advance... 😃