Grayscale ranks CAKE top tokenholder yield at 14.4%
- —CAKE ranked first in Grayscale's tokenholder yield screen at 14.4%
- —The metric nets staking rewards and buybacks against emissions
- —PancakeSwap appears on both of the two top-10 lists
Why it matters: Grayscale's framework gives institutions a cash-flow-based way to value DeFi tokens instead of narrative-driven metrics.
Source: Coinotag