BNB -> CAKE Vault Time

Updated

Cake BNB ratio is currently 1:21 with previous all time high ratio at 1:<10

Cake extremely responsive to volume and is currently low-volume now. Volume confirmations noted on the chart

Idea: When money flows into BSC, BNB will rise and then CAKE will rise like crazy

Emission reductions + still a very respectable yield farming rate, especially if using an auto-compounder like Pancakebunny or Autofarm

We haven't seen real alt season yet. Cake hit $20 without alt-season type volume levels.

Note

My Action:

I swapped a bunch of BNB into CAKE on 1inch.exchange/ and now have it running on Pancakebunny CAKE Auto-compounding vault at 334% APY

Note

Swapped a bunch of BTC into CAKE-BNB LP just before the nice overnight pop!

CAKE was undervalued vs. BNB
BNB was undervalued vs. BTC

Put together we get nice upward movement from CAKE. Plenty of nice fundamental news too:

- CAKE emission reduction vote this month (sure yes)
- Possible 150M CAKE magic number, will reach there today. This may be a long-term total number target. Total speculation here.
- BNB burn this month
- CAKE looks to be heading towards emission-neutral via reduced emissions + burning. Long term CAKE holders will want as many units as possible cause we may see $50+ CAKE soon
- Pancakeswap, Venus, Pancakebunny, and BSC defi in general all-time-high TVL's and consistent growth

Note

Volume came into CAKE on April 7th, 8th, and 9th and as predicted CAKE prices were extremely responsive. I did not take advantage of the spike by selling the top but am very happy with my CAKE and CAKE-BNB farms. I will be rolling yield profits back into CAKE if it continues to trend cheaper vs. BNB

When people are done sending BNB to the moon, they will come back and swap to CAKE and yield farm as usual.

- Pancakebunny crossed 1bn CAKE locked in their auto-compounding vault, this was 29% of the supply at the time, insane!
- CAKE emission cut vote still hasn't happened yet
- BTC seeking new ATH's may temporarily slow down CAKE, but when the dust settles everyone loves cheap CAKE! (Check vs. BTC graph)

Note

HODL ALL CAKE

authorofthesurf

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