I've just been looking at the financials that some of the Crypto companies hold. Trying to ascertain what they are really worth, and how sustainable are the APY's on offer.
Using Pancake Swap as an example,
Market Cap $5.1 Billion (which I believe is every token in circulation x current price…which isn't realistic as the price drops as more are sold).
Liquidity which is around $627 Million. (is this in actual $USD?) - Is this a real reflection of Pancake Swaps's worth? and do they burn CAKE according to liquidity? (ie. they cant have more CAKE in circulation than Pancake Swap is worth)?