Stake CAKE Earn LOVE logic in HunnyDAO
Dear Hunnies,
We have received many feedback on understanding how our stake CAKE earn LOVE pool works. We hope this article will be able to clarify your queries. We Hunnies love CAKE too! So we understand some users prefer to keep their cake and yet want to hop on board the LOVE train for the ride, that’s why we created the stake CAKE earn LOVE pool!
Stake CAKE Earn LOVE logic
The logic behind this is rather simple, you stake your CAKE with us and we will deploy your CAKE to generate returns. Returns generated will be used to buy love and thus the super attractive APY for our users. Users have to take note there will be a 0.5% fee if they withdraw within a 48 hour period.
LOVE bought with your CAKE profits will be automatically staked to generate more LOVE for you. Depending on your preference, you can choose when you want to harvest your love profits. Once you select harvest, your love tokens will be moved to the linear vesting column as shown below. (PLEASE TAKE NOTE THAT ONCE YOU HARVEST, YOUR LOVE PROFITS WILL BE WITHDRAWN FROM STAKING. SO YOUR COMPOUNDING STOPS.)
After you harvest, your LOVE profits will be shown in the tab above. The LOVE profits will be released to you over a period of 30 days. Please take note of the 30 days linear vesting period, should you choose to claim your profits, there will be a 50% exit penalty which is not recommended.
The longer you stake, the more you earn!
Take a look at the chart below, the charts are drafted based on the perimeter stated below.
CAKE price: $11.50
CAKE APR: 57.9%
LOVE price: $22.80
LOVE APY: 4,800,000%
Number of CAKE deposited: 1000 ($11,500)
The chart above shows the USD valued profits users should expect when they stake for 100 days. As you can see from the chart, the profits will grow exponentially the longer the user stake. Of course, this is based on CAKE and LOVE price remaining constant through the 100 days.
Now let's take a look at a 300 Day chart, this is where your returns go bonkers!
Comparison
Now let's take a look at CAKE staking profits, this will give you a comparison to LOVE profits, as you can see the returns for CAKE is constant whereas CAKE-LOVE pool will require time at the start and grow exponentially after.
About Hunny
🍯 Hunny aims to be the most engaging and fun DeFi destination built on Binance Smart Chain (BSC). On top of that, they are developing a brand new and unprecedented gamified farming playground ♠️♥️♣️♦️🎰🎲 where every user can enjoy high yields and exciting games at the same time.
🌐 Website: https://dao.hunny.finance/
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👨💻 GitHub: https://github.com/hunnyfinance
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