Pancake Passive Income
Pancake Passive Income

Passive Earning from Crypto? Here is how.

The global cryptocurrency market size was $754 million as in 2019 and is expected to grow from USD 1.6 billion in 2021 to USD 2.2 billion by 2026, at a CAGR of 7.1%. The crypto world has become more promising for both investors and traders around the world. Many have chosen it as their full-time job and earning plenty. If you have a nice job and the crypto world still seems tempting to you, here is a quick guide to earn from Providing Liquidity and Pool Forming.

Providing Liquidity and LP token Forming:

Decentralized exchanges (DEXs) are cutting-edge programs on BSC and Ethereum’s blockchain that offer investors an alternative way to exchange cryptocurrency tokens. Gaining popularity over the last year, there’s now over $40 billion worth of cryptocurrency locked in decentralized finance protocols. This allows for investors to trade cryptocurrencies directly from their respective wallets. You can provide liquidity to decentralized exchanges to earn transaction fees.  How? Follow me!

PanCakeSwap
PanCakeSwap
  • Go to PanCakeSwap and click on “Connect” at the top right corner to connect your wallet.
  • Click Trade and from the drop-down Menu choose Liquidity to choose your favorite pairs to provide Liquidity.
  • After this, you should receive LP (Liquidity Provider) tokens. From Sidebar, Choose Farms, and then choose the same pairs you provided liquidity with.
  • Add your LP Tokens and click Stake.That’s all. By Providing liquidity you earn 62.5% APR on Cake/BNB Farming. You can calculate your profits here.

    POOL SYRUP:

    In this option, you can simply stake your cake and other tokens with interest as high as 142%.

    To stake, you get two options to choose from on PanCakeSwap:

    1. AutoCake: You get 141.5% APY (Annual Percentage Yield) and the reward you earn is automatically staked to the already staked coins. But if you unstake your cakes within 72 hours you bear an unstaking fee of 0.01%.
    2. ManualCake: You get 88.26% APY (Annual Percentage Yield) and the reward you have to manually harvest the rewarded Cakes.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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