You don’t need an account with Binance, Coinbase, Kraken, Huobi, OKEx or any other centralized exchange to start using PancakeSwap ! PancakeSwap is a decentralized application. That means, unlike Binance or other centralized platforms, you don’t need to register account to use it… you just need a crypto wallet.
Read moreHow do you calculate PancakeSwap liquidity?
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 .
Read moreWhat is liquidity on PancakeSwap?
“Liquidity” is central to how PancakeSwap’s Exchange works . You can add liquidity for any token pair by staking both through the Liquidity page. In return for adding liquidity, you’ll receive trading fees for that pair, and receive LP Tokens you can stake in Farms to earn CAKE rewards!
Read moreHow much you can make on PancakeSwap?
With current participation rates, you can earn an APY of over 45% in the CAKE Pool. You can follow our Step-by-Step Guide on How to Stake CAKE in the CAKE Pool on PancakeSwap here. How much can I make Staking CAKE? Currently, 10 CAKE per block is awarded to the CAKE holders staking in the CAKE Pool on PancakeSwap.
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!
Read moreWhat does the 40x mean on PancakeSwap?
it’s just the reward multiplier so 40x farms have 40 times more rewards of 1x farms and 20 times more than 2x farms (per block) etc. It’s already calculated in the APY values so you don’t have to worry about it.
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