VeCake questions


So the more I use PCS the more complicated it gets and the less I understand. Been here for 2.5 years and it still has the fascinating effect that it becomes less understandable over time. Why not just make a product that is super easy to understand instead of changing systems every month?

I have migrated my cake now to this so called VeCake and have no idea what to do next. It's still locked until June next year and my available VeCake is woth $6 apparently and not 160. What am I acctually supposed to do here and what does everything mean? Been reading about this for too long now to put more time into it and I'm just tired of the whole extremely complicated systems on this platform.

reddit image

5 thoughts on “VeCake questions”

  1. Please note that PancakeSwap (or any wallet service) DOES NOT provide support through direct messages.

    There are multiple scams targeting crypto users and you should NEVER, under any circumstances, share your wallet seed
    phrase or any personal information with anyone online!

    Keep yourself safe:

    1. Never click on any unverified links.
    2. Never share your private keys or seed phrases.
    3. Reporting all suspicious users.
    4. Be suspicious of everything – do your own research!

    I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

  2. You get veCAKE as a proportion of what you stake and for how long

    veCAKE not be sold, transferred or locked again.

    veCAKE is a new metric that will allow you to participate is different products
    of the protocol

    Revenue sharing. Governance voting IFOs And more

    For the calculations: If a user has X CAKE locked and the current remaining lock time is R weeks, then the user will have X * (R / 209) ~= 0.95 veCAKE/shares at the next distribution.

  3. Seriously, fuck this overcomplicated always changing staking schemes. It’s just a way to fuck the regular user.

    I just want to wait for a nice time to sell everything but I have staked for so long just before all theses changes.

  4. I feel the price of CAKE will decline because people will just want to get out of this mess

Comments are closed.