Hello fellow Crypto friends and enthusiasts, I am here today to share my experience with Pancakeswap syrup pools. I invested 10000$ in 2 pools to show results.
Auto Cake Pool
The auto Cake Pool currently sits at an APY of 117% and as it gains popularity it has proven itself as a top choice.
.20% daily earned (20$ on investment daily)
Pros
- Auto Compounding multiple times daily
- Set and forget passive income
- no maximum/minimum barrier
- higher apy
Cons
- 2% performance fee
- 72 hour .1% unstaking fee
- lower apy than other syrup pools
Sryup Pools (staked cake to earn MTRG)
Manual compounding the MTRG Pool sits at an APY of 146% and changes throughout the day. My ROI is around .25% daily average this week
(25$ earned daily)
Pros
- higher APY/APR
- Great for larger investments
- multi-asset earning
Cons
- Fees to compound
- Earned asset could lose value
- Change in APY can effect profits
Take away from Syrup pools
on 10000$ in cake I've been earning 20-25$ daily. The power of compound interest is amazing.
Thank you for reading my first article. :)
