PancakeSwap Farming is recognized as an automated market maker (AMM) that allows its users to trade using crypto tokens and hence, provides liquidity. Staking is a process of staking cryptocurrencies that involves buying several tokens of any currency and putting them aside while other transactions are happening .
Read moreWhat does APR mean in PancakeSwap?
Calculating Farm Base Reward APR The Farm Base APR is calculated according to the farm multiplier and the total amount of liquidity in the farm — this is the amount of CAKE distributed to the farm .
Read moreWhat is a trading fee APR?
APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income earned on an investment . This includes any fees or additional costs associated with the transaction but does not take compounding into account.
Read moreWhat is farming APR?
APR is calculated as the percentage of your initial deposit you will receive back after 365 days .
Read moreWhat is yield farming on PancakeSwap?
Yield farming is one of the oldest concepts in Decentralized Finance (DeFi). Also referred to as liquidity mining or liquidity farming, the concept involves generating income from holding cryptocurrencies . In short, it is a means of locking cryptocurrency assets to get rewards.
Read moreIs PancakeSwap worth staking?
Staking Cake on PancakeSwap offers many benefits over traditional yield farming . Mainly, all of the platform’s staking options provide an extremely high return, and they are not traditional liquidity pools.
Read moreIs farming on PancakeSwap worth it?
Yield Farming in Farms is a great way to earn CAKE rewards on PancakeSwap . Unlike Syrup Pools, Farms require you to stake two tokens to get LP Tokens, which you then stake in the Farm to earn rewards. This lets you earn CAKE while still keeping a position in your other tokens!
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