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 moreHow do you stake LP tokens on PancakeSwap?
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 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 .
Read moreHow much money can you make staking on PancakeSwap?
Currently, 10 CAKE per block is awarded to the CAKE holders staking in the CAKE Pool on PancakeSwap. The APY for staking in the CAKE Pool is around 45%.
Read moreHow is PancakeSwap APR calculated?
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 LP token in PancakeSwap?
Liquidity provider tokens or LP tokens are tokens issued to liquidity providers on a decentralized exchange (DEX) that run on an automated market maker (AMM) protocol . Uniswap, Sushi and PancakeSwap are some examples of popular DEXs that distribute LP tokens to their liquidity providers.
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