Baked Beans is currently probably the BNB staking website that offers the highest return (8% daily!!). That’s why I wanted to find out if it is worth throwing money into this DeFi service. Here are my results.
8% daily returns with BNB staking — come on, you must be kidding!
I want to be very honest from the beginning. I was quite skeptical when I first read about Baked Beans in a Discord group. A BNB staking website that offers 8% daily returns? No, that can’t be possible. Although I have been using services with high daily returns for a quite while — 8% for me definitely sounded like a scam site.
Analyzing the website
Nevertheless, since I’m a person who doesn’t want to miss opportunities, I — at least — had to check out the website. However, the website just underlined my concerns. The site has a very minimalistic design with actually no detailed information. All you can do is stake (or bake) your BNB. There were no details on who was behind the service or how the 8% return was generated.
Researching the web
Since the website didn’t convince me (at least in the first step), I started researching the web, Discord, and Telegram groups. And surprisingly, I found many people who already have invested BNB with Baked Beans. Moreover, I found some information about the promised 8% daily return. Here’s at least a little catch. First of all, the 8% aren’t guaranteed. Secondly, you will only receive 8% if you stick to the investment plan Baked Beans suggests.
BNB Staking — Here’s my Baked Beans investment plan
So, I’m pretty sure you want to know how that investment plan works. Well, they suggest re-stake your earnings for six days and cash out your earnings every seventh day. Basically, that mechanism shall prevent the contract from significantly reducing assets. If you cash out more often (daily, every second day, etc.), the daily percentage gets constantly reduced to 0.5% daily return.
Mh, that could make sense — shall I give it a try?
Although I thought their investment plan was a little catch, it turned out that it could really make sense. As mentioned above, the plan helps to keep the contract stable and enough BNB in the contract. But moreover, it also helps to constantly grow your assets and the amount of BNB you can withdraw every seventh day.
Let’s do the math. How much can you earn with an initial investment of $1000
Since I became more and more interested, I started to do the calculation. Surprisingly, their investment plan helps grow an initial investment of $1000 to weekly returns of more $10,000 just after 2 months!
My experience with staking BNB on Baked Beans
After doing the math and looking at the results, it was clear that I had to give it a try. Therefore, I went ahead and invested a couple of BNBs straight ahead. At the time of writing, this was already 1.5 months ago. And since then, I’m simply satisfied. The website is stable, the service works, and there haven’t been any major problems. However, more importantly, the daily returns work exactly as promised. Of course, I’ve stuck to the investment plan, and I am pretty thrilled when looking at my weekly cashouts.
Conclusion
Based on my positive experience, Baked Beans is a trustworthy defi service. The daily return they offer and deliver is amazing. Moreover, it is super-easy to use. Nevertheless, since the contact possibilities are limited and it is unclear how the process works, I would still rate the service as high-risk.
The information on the website is not financial advice. On the contrary, it only reflects my personal experience. However, that does not mean that it is possible to achieve identical results.