I mean, it's just too rich for small fishes if I read everything correctly. You need a large chunk of CAKEPOP to see any reflection from the 8% taxation, from what I was seeing, to the tune of at least a couple thousand USD worth. I'm not trying to FUD anything here, but to me it seems a bit more risk for smaller investors.
Unless I read something wrong. I've been trying to stay up to date with CAKEPOP, thx for the articles.
For frame of reference, when Koinos mining was going on, the LP that started up on Uniswap was washing 100% of the value back and forth every single day at some points. With 7% reflection, that would amount for 7% ROI a day (2555% APR). It's 100% dependent on how much volume we get per day, and the opening liquidity pool is not very large (125k BUSD).
All of a sudden if a million dollars gets pumped in you've got x8 the BUSD in the liquidity pool, which is going to extract just as much CAKEPOP and alter the ratio and price of CAKEPOP by x64. Then, 7% of all that profit gets redistributed as Cake dividend yield automatically. As you can see by these numbers, given enough hype for a new project things can get out of control quite quickly.