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Smart or Dumb? by brian.rrr

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· @brian.rrr ·
$24.81
Smart or Dumb?
Hi Friends,

I canโ€™t tell if a crypto move was smart or dumb, so maybe you can tell me.

I had 150 CAKE coin laying around, which is about $1,100 currently. Pancakeswap changed their pools recently, and I had this in their auto compounding pool, making roughly 60% APY.  This was nothing spectacular, but it could be unstated at any time.

Well, with their recent change, you can earn a lower amount by staking in their regular pool, but they increased the payout for those who lock their coin in varying dates.  I decided to do the max, and lock these 150 CAKE coins in for a year at 190% APY.

![A3C7E455739E44B28633C0D582C92DA6.jpeg](https://i.imgur.com/mQr71hV.jpg)

On one hand, I am getting a much better APY on the same coins so very smart.  The $1,100 will be worth around $3,300 when unstated in a year, assuming the price stays at the current $8 per coin.  On the other hand, I locked myself out of being able to sell the coins for a year, and if they spike to $100 during that time, I will not be able to do anything about it, so pretty dumb.

What do you think of locking in coins for a year to get a higher yield - smart or dumb?

Thanks for coming by,
Brian

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@brian.rrr/smart-or-dumb)
๐Ÿ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 24 others
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vote details (89)
@ahlawat ·
$0.06
This is very smart because change can happen at any time. Thanks for sharing
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vote details (2)
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@silverd510 ·
$0.07
I donโ€™t know. Itโ€™s really tempting for that APR, but if it does spike youโ€™ll be kicking yourself because it wonโ€™t be that high when it vests.
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vote details (1)
@brian.rrr ·
Yep, thatโ€™s the dilemma!
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@tbnfl4sun ·
$0.07
That's why the high apr, I wouldn't do it but that's me.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tbnfl4sun/re-brian-rrr-4lmabx)
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vote details (1)
@brian.rrr ·
Yeah, I still am not convinced it was the right move, but we shall see!
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@videoaddiction ·
$0.07
You should compare to what you would do with that if not locking it for a year.
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vote details (1)