A quick explanation of Cake DeFi's 130% APY that I shared on Reddit.
"You're being paid mostly in DFI and it's going into the staking pool to earn 37%. Look at your transactions and you'll see yield returns. I've got about $500 in BTC-DFI and earn .25 DFI plus 1-3 says every 12 hours.
DFI is at about $3.75, but let's call it $4 for easy math. .25 * $4 = $1 every 12 hours, so $2 per day.
$2 * 365 = $730 return for my $500 investment. That's where the 130% APY comes from."
Try Cake DeFi and get $30 for signing up.
https://pool.cakedefi.com?ref=273734
https://www.reddit.com/r/cakedefi/comments/lptv07/very_very_noob_question/goghqex?utm_medium=android_app&utm_source=share&context=3
A quick explanation of Cake DeFi's 130% APY that I shared on Reddit.
"You're being paid mostly in DFI and it's going into the staking pool to earn 37%. Look at your transactions and you'll see yield returns. I've got about $500 in BTC-DFI and earn .25 DFI plus 1-3 says every 12 hours.
DFI is at about $3.75, but let's call it $4 for easy math. .25 * $4 = $1 every 12 hours, so $2 per day.
$2 * 365 = $730 return for my $500 investment. That's where the 130% APY comes from."
Try Cake DeFi and get $30 for signing up. https://pool.cakedefi.com?ref=273734
https://www.reddit.com/r/cakedefi/comments/lptv07/very_very_noob_question/goghqex?utm_medium=android_app&utm_source=share&context=3