Let's talk about the update of Cake Q4 first. I feel that the other updates are nothing special, but one of them is bribery. This update is expected to improve the interests of stakers. Although Cake has been cutting output for deflation, the introduction of the bribery mechanism will increase the income of stakers.
This means that Cake can increase profits while reducing output through deflation.
bribe:
As the name implies, you, the pledger, can lend your tickets to others, and others will pay you higher interest. For example, if a project cooperates with Cake and they need to vote, they can give you higher returns and take your Cake ticket rights. This gameplay feels good and is a win-win situation.
Views on the current cake market:
After the project announced the output cut in April, it has been falling, and it has been falling until the first deflation two days ago. There are two reasons: the first is that the market liquidity is not good, and the second is that because of the output cut, many pledged funds were taken out and sold, which can be understood as oversold. After selling, they look for higher annualized pledge projects. So I always think that it almost fell to the position before the first deflation some time ago, which is a gold pit.
You can also look at cake/btc. We can see that there was a wave of pull-ups a few days ago, and the low point was 423. At that time, it was the first successful formal deflation. It did not break 423 last night. Whether cake can get out of this golden pit in the short term and whether it can be confirmed that this is a golden pit depends on whether cake can get out of the bottom range of the btc trading pair. The formation of a golden pit will never last long. If it has not gotten out of this position within 2 weeks, it is not a golden pit, so there is not much time left for cake. At present, the brand-name benefits have told everyone that cake will only get less and less every week, and there will be deflation once a week. It depends on everyone's choice.
I will only recommend a product after I am really optimistic about it and have purchased a lot of it. I won’t just buy thousands of them and then ask you to go for it.
