PancakeSwap’s Auto-Compounding Launch
PancakeSwap launches Auto-compounding, so rather than having to manually re-stake your $CAKE every so often in order to get the best APY, it will be done for you.
While your CAKE is staked, it will be harvested and restaked automatically by people claiming the Auto CAKE Bounty (a 0.05% reward which is taken from the amount harvested).
🔹Deposit fee
- None
🔹Unstaking fee
- 0.1% if you unstake (withdraw) within 72 hours.
- After 72 hours, you can withdraw with no fee.
- The unstaking fee timer resets back to 72 hours every time you stake more CAKE.
🔹Performance fee
- 2% of each yield harvest, which is subtracted automatically.
- For example, if the harvest was 1 CAKE, then 0.02 CAKE would be subtracted as the performance fee.
Auto CAKE Bounty: 0.05% of all Auto CAKE pool users’ pending yield
This bounty is given as a reward for providing a service to other users.
Whenever you successfully claim the bounty, you’re also helping out by activating the Auto CAKE Pool’s compounding function for everyone.
What is PancakeSwap?
PancakeSwap is the #1 AMM and yield farm on Binance Smart Chain.
📰 INFO:
https://pancakeswap.medium.com/pancakeswap-launches-auto-compounding-af94c7acf8b