You can choose from 1-52 weeks. What do you prefer?
Since flexible staking and fixed-term staking options are part of the same pool, the following variables affect the APY of both:
- Total CAKE staked in flexible staking and fixed-term staking (the sum of both). The more CAKE staked, the lower the APY.
- Total locked CAKE in fixed-term staking. The more CAKE locked means more yield boosts, resulting in fewer CAKE rewards for others (especially flexible staking).
- The average lock duration of all CAKE locked in fixed-term staking. If the average lock duration increases, APY will decrease.
No. You can harvest the rewards only when the locked duration is ended. This is based on the yield/return we are providing as well as the technical implementations.
Yes. Extending the lock duration adds more time to your initial lock duration. When choosing to extend your lock duration, note:
New extended lock duration = initial lock duration + added duration
No. Your CAKE cannot be removed or withdrawn from fixed-term staking at any point in time until your lock duration ends and your CAKE is unlocked.
The "CAKE Locked" amount is a user's initial locked CAKE balance plus CAKE rewards to date.
CAKE Locked = Initial locked CAKE balance + CAKE rewards
When adding more CAKE to fixed-term staking, the "CAKE to be locked" amount is the user's initial locked CAKE balance, CAKE rewards to date, and the CAKE being added.
Yes, the fixed-term staking CAKE pool APY is variable, just like the old CAKE pools. The fixed-term staking CAKE pool APY is not fixed and is dependent on:
- Total CAKE staked in the CAKE pool (the sum of both Flexible + Fixed-Term Staking).
- The average lock duration of all CAKE locked in fixed-term staking.
- A yield boost (similar to a multiplier) calculated from a user's initial lock duration. The longer you lock your CAKE, the higher the yield boost.
For example, if you lock your CAKE for 52 weeks, your yield boost will be larger than if you lock your CAKE for 26 weeks. The yield boost increases linearly the longer you lock your CAKE.
Can I still participate in IFOs if my CAKE is locked in the Fixed-Term Staking pool, or will I need to buy more CAKE?
TBD, more information will be provided soon.
TBD, more information will be provided soon.
Can I use both the Flexible Staking CAKE pool and the Fixed-Term Staking CAKE pool at the same time?
No. As mentioned above in the "What’s the difference" section, both options are part of the same, single pool. You currently can never have CAKE in both fixed-term and flexible staking.
We have multiple solutions coming in the future to allow users to use both flexible staking and fixed-term staking at the same time, but for now, you can choose only one of them.
No. There are no additional fees for moving CAKE from flexible staking to fixed-term staking, only network fees.
When your fixed-term staking period ends, and your CAKE unlocks, you have 7 days to complete one of two options:
- Lock your CAKE to begin a new fixed-term staking period
or - Convert your staked CAKE to flexible staking (no 72-hour withdrawal fee).
During these 7 days, you will still earn CAKE at the same APY as your lock period.
After 7 days, if you have not done one of the two options, your staked CAKE will enter what is called "After Burning". In "After Burning", you will still earn CAKE, but a portion of your rewards will be sent to burn at a linearly decreasing APR over 90 days, where your APR will be 0% after 90 days.
The “After Burning” state will last for 90 days until all the CAKE rewards are burnt. So, to avoid missing out on CAKE rewards, we recommend starting a new fixed-term staking period or converting your CAKE to flexible staking at the end of your lock staking period.
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