I am completely new to crypto, but I was big on stocks. I'm trying to get into staking CAKE, but the benefits seem ridiculous compared to the risks. APY at ~80% and the only two risks that I can think of are:
- Underlying price of CAKE decreases
- We somehow get scammed/rugged (unlikely)
I cannot think of anything that provides this kind of return for the risks, definitely not in the stock market. Is there some risk that I am missing?