Hello HODLers,
Tough times today but I am still HODLing my stack.
In my previous post 👽RugDoc.io helps you to Ape into newly created farms on BSC or Polygon I was sharing with you a crazy BSC farm I joined called "Cookie-Swap".
THIS IS A VERY RISKY PROJECT, PLEASE BE AWARE OF THE RISKS % DYOR!
Well, I stayed into the $CAKE farm and made back my deposit fees (4%) and gained even a return of +5% since then. It would have been great if $CAKE wouldn't have dipped by more than 20% due to the current correction.
Nevertheless I am quite happy with my choice of this farm, there are a lot of farms that are useless and go to 0 in just a few days (without even talking about the rugpulls). But this one had what seemed to be a safe contract and good tokenomics.
I have even increased my position, waiting for Layer 2 Launch.
The 5% Tax fees when you do ANYTHING with $COOKIE is quite annoying at first but it makes HODLers better off.
As I wanted to farm more $COOKIE before the new layer launch, I decided to buy some tokens. I had to pay a 5% tax to buy them and then another 5% to stake them in the $COOKIE pool.
I was anticipating the first transfer tax but not the 2nd one as it was noted no 'deposit fees" but I guess it should have also highlighted the "transfer tax still applies to staking".
Well, I will have to stay a little longer into this pool to earn some $$$.
They have also had a partnership with another newly launched farm VulcanSwap (which I did not like the tokenomics).
Therefore in under a week of existence they would have had 2 use cases for their $COOKIE token with other farming projects.
This is rare enough to be noted.
Price Chart
As any farming project, the token has taken a big hit following the launch but it has remained at c.$50cents for the past 24 hours.
A lot of users, myself included are HODLing our Cookies in order to participate in the upcoming project tomorrow morning.
In addition, the emission rate of $COOKIE as shown previously is lowering as it is now c.0.2 $COOKIE per block vs 0.8 at launch.
This should make your $COOKIE tokens more valuable in the future.
Source Cookie-swap website