First, you need to provide the liquidity pair (e.g., two different cryptocurrencies). That will reward you with LP tokens and part of the trading fees. Afterwards, if you decide to stake your LP tokens, under the Farm tab, choose the CAKE-BNB LP farm , and you will earn CAKE tokens.
Read moreIs staking on PancakeSwap safe?
Secure. PancakeSwap has proven to be very secure . For one, it’s a non-custodial DEX, meaning that the platform never holds your assets directly in large hot wallets. DEXs are much more secure than centralized exchanges for this reason.
Read moreWhat is the formula for APR?
The formula for calculating APR is A = (P(1+rt)) , where A = total accumulated amount, P = principal amount, r = interest rate, and t = time period.
Read moreWhat is LP reward APR?
The true APR consists of the yield earned in $CAKE rewards + fees earned from being an LP . The fee APR is based on the average LP fees over the last 7 days.
Read moreHow are LP rewards calculated?
Calculating LP Reward APR
Read moreHow is APR calculated in yield farming?
To understand APY, you must first understand its simpler “yield brother”, APR or annual percentage rate. Although similar, APR and APY can be drastically different given enough time. APR is calculated as the percentage of your initial deposit you will receive back after 365 days .
Read moreHow do you calculate LP on PancakeSwap?
Whenever someone trades on PancakeSwap, the trader pays a 0.25% fee, of which 0.17% is added to the Liquidity Pool of the swap pair they traded on. For example: There are 10 LP tokens representing 10 CAKE and 10 BNB tokens. 1 LP token = 1 CAKE + 1 BNB .
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