In case you have not heard, the DeFi world of cryptocurrencies, just as it brings many opportunities to earn money, it also brings many thieves and hackers willing to enter the security holes that the platforms have in order to steal the greatest amount of possible money in a masterful play.
Pancakeswap was attacked with a phishing attempt a few days ago that a hacker successfully carried out. Dapp herself was forced to refresh her DNS and even advise against using it for more than 24 hours until everything returned to normal. Yield Farming and Staking have very good APYs on decentralized exchanges but the risk is quite high.
If you are looking for more security for your digital assets and to lessen your worry, Binance has enabled subscription services to Staking Cake and Bake, two tokens that are currently working very well. Naturally, the returns are lower and it is required to have a good capital if we are looking to approach a considerable or let's say interesting profit. If this is not the case, in my opinion I still think that it is worth taking the risk in Pancakeswap, Beefy or Autorfarm to leave our tokens.
In principle, these cyber attacks do not occur daily, they are very sporadic. Enjoy 100% security and an APY higher than 100%, you will not find it in a centralized Exchange or in a Cryptobank. You need to play hard. The increasing outflow of new Dapps allows us to diversify our capital, something highly recommended, so that in the event of suffering a problem of this type and that we are affected, all our money does not disappear. They can attack a specific platform, but attacking all at once is practically impossible.
This alternative that Binance makes available to us serves to satisfy many conservative investors who prefer safety to profit. Bake and Cake are doing a fantastic performance on the Binance Smart Chain and they are certainly one of the most reliable and promising projects for the future.