Pancakeswap

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In the previous part of this series, we explained how you can swap your BEP-20 tokens and add liquidity into the PancakeSwap pools. In this article, we will explore how you can stake your LP tokens and earn more rewards.


Farm

PancakeSwap Exchange allows the users to stake their LP tokens and earn more rewards. You can go to the Farm tab and check the list of all LP tokens that you can stake. You can also check the APR that you can earn on staking (farming) your LP from this tab.


We have some BNB-CAKE LP tokens in our wallet that we will use in PancakeSwap farming.

Expand the details tab. Users are required to enable farming first before providing their tokens for staking.

To enable, click on the Enable tab. A transaction is triggered that you need to confirm. Once confirmed, you can see that you are now able to stake your LP.


Click on the Stake LP button. A page will appear where you need to enter the amount of LP token that you wish to stake.

Confirm the process. Pancakeswap You can now see your staked token details as shown in the below screenshot.


Users also receive rewards on the staked token that gets displayed in the CAKE Earned field. They can collect these rewards by clicking on the Harvest button. Note that harvesting tokens charges a small fee.

Unstake Liquidity Pool Token

At any time, users can unstake their LP tokens from the farm and withdraw all their staked amounts along with the rewards earned.

To unstake, click on the (-) icon as shown in the below screenshot. A page will pop up where you need to enter the amount of LP token that you wish to unstake.


Confirm the process, and your LP tokens will be reverted back to your wallet and can be seen in the liquidity field again.

Syrup Pools

Syrup pools are another simple way that let you earn more rewards. Through syrup pools, you can earn free tokens mainly by staking CAKE. There are pools where you can stake tokens other than CAKE.

Click on Pools and it will redirect you to this page where you can see a list of pools.


Here also, you have to enable the staking first before providing your tokens for staking.

To enable, click on the Enable tab. A transaction is triggered that you need to confirm. And once confirmed, you can see that you are now able to stake your token.


To stake, click on the Stake button. A page will appear where you need to enter the amount of CAKE token that you wish to stake.

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