Farm CAKE-BNB in PCS V3

Proposal

Sell $50,000 worth of CAKE for BNB and farm $100,000 in PancakeSwap v3 pair CAKE/BNB (0x133B3D95bAD5405d14d53473671200e9342896BF) between 0.008962 and 0.012518:

Reasoning

It will return an estimated APR of:

• 32% in fees
• 13.5% in CAKE rewards

Risks

Impermanent loss but as it is paired with BNB, the implications would be we are left with more or less of CAKE and or BNB.

Mitigations

The farming window is quite wide considering the general correlation between CAKE and BNB:

Effect

• To farm until it goes out of range
• Proceeds to be recompounded into the farm