Can someone explain how Syrup pools Autocake work ?

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

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2. >It seems too good to be true, 60-65% consistently

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

4. 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.

5. 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.

6. Now if only the price quit tanking

7. You get that percentage of CAKE. But CAKE isn’t guaranteed to stay the same price.