PSA: If a coin offers an insanely high APR always check the inflation rate

Just a PSA to anyone new. Lots of tokens claim insane APR interest if you stake them but you should always look at the inflation rate first.

For example CAKE has a 14% APR, but it has an inflation rate of almost 50%. So yeah you gained 14% tokens but they lost half their value so you're still at a loss.

If you see a high APR there is always a catch! Just ask yourself: how are they able to give me such a high APR? It has to come from somewhere.

Go find a list of high APR coins from two or three years ago, and see the price. They have all absolutely bombed to 5% or even 1% of their price. So yes lots of ppl gained more tokens but those tokens are worthless. The only people who won are the ones who made the token, everyone else got rekt. It's a tale as old as crypto and yet it still happens every single day.

Stay safe and do your due diligence!!