Can someone explain how Syrup pools Autocake work ?

It seems too good to be true, 60-65% consistently. Pls can someone link or explain what’s happening in the background?

7 thoughts on “Can someone explain how Syrup pools Autocake work ?”

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  2. CAKE is inflationary. That’s how the APY is so high, pool members receive newly minted tokens.

  3. What are the fees for the Auto CAKE Syrup Pool?

    Deposit fee

    • None

    Unstaking fee

    • 0.1% if you unstake (withdraw) within 72 hours.
    • After 72 hours, you can withdraw with no fee.
    • The unstaking fee timer resets back to 72 hours every time you stake more CAKE.

    Performance fee

    • 2% of each yield harvest, which is subtracted automatically.
    • For example, if the harvest was 1 CAKE, then 0.02 CAKE would be subtracted as the performance fee.
  4. 60% will last a few more months. I originally got it it was over 100%. Been gradually declining since. I’ve taken most my cake out and moved to other stuff. Still have a bag in the pool tho.

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