HI friends,
A little over a year ago, I made a post about how I was going to stake $1,100 worth of CAKE coin at a 190% APY, but it was locked for one year. If the price didn’t change, the value should have been around $3,300 when I unstated.
Here is the original post: @brian.rrr/smart-or-dumb
Fast forward to the one year lockup expiration a couple of weeks ago - the CAKE was worth $670! Ouch!
Instead of restaking, I sold it for a couple BNB coin, which was a good move as it dropped to $490 already, while BNB is only down a little.
Oh well, can’t win them all I guess!
Thanks for coming by,
Brian
