Cooking on PancakeSwap: The delicious CAKE - BNB LP
I decided to up my game in 2021 and sent some Binance Coin (BNB) to make some dough! If you send anything on PancakeSwap, don't forget to send it as BEP20 (BSC) to avoid any unpleasant events, such as losing the assets. This is the middle option.
I had 10 BNB on PancakeSwap, the ones staked in the CAKE Pool, which to be honest, generated a lot of income, over 50 CAKE tokens.
The next step was to withdraw the CAKE compounding in a 212.13% APY.
When both assets were back in the Metamask Wallet, I used them to create this self-raising dough, which gives 30X reward.
After paying $0.03 and $0.04 fees, I started to believe that $0.72 is a rip-off. But than I remember the fees I had to pay on Ethereum chain and I click "Approve" laughing. I added nearly 60 CAKE in pair with BNB, for less than 0.01% of the Pool.
Once the LP was confirmed, I had to stake it in the farming pool. If any LP is left unstaked, will generate the tokens added in the pairing not CAKE.
Paid a minimal fee to stake the LP tokens, and CAKE started to be generated.
After 48 hours, amazed by the return, I decided to add more CAKE-BNB LP into the pool, up to 36.8 LP Tokens.
In 10 days, the CAKE-BNB, ALPHA-BNB and REEF-BNB farmed 48 CAKE, which was staked to earn REEF. Adding more and more CAKE into the REEF farm generated 182 REEF tokens. Everything is going according to the plan. **Links and referrals:** Join the **CakeDeFi** revolution and get $30 worth of DeFiChain (DFI) https://pool.cakedefi.com/#?ref=823289 Check MAIAR, Elrond Gold (eGLD) new wallet, for $10 cashback https://get.maiar.com/referral/csk26kx0cl Get 100 TNC tokens (no strings attached) on Aladdin Exchange https://aladdin25.com/user/join?referral=0fd3294b **Amazon author page:** **PV Mihalache** https://www.amazon.co.uk/-/e/B019FB0ZNG **Quality Faucets:** **Free-Litecoin** **,** **FreeBitcoin** **&** **Stakecube** https://free-litecoin.com/login?referer=895809 https://freebitco.in/?r=7275997 https://stakecube.net/?team=sadu1 Tier 4 referral system: **Horizen (ZEN)** & ZCash from **PipeFlare** & **GlobalHive** https://getzen.cash/auth/register?ref=252508 https://pipeflare.io/r/zxn https://globalhive.io/auth/register?ref=1917 **FreeCryptos Gang**: **DASH**, **TRX**, **ETH**, **ADA**, **BNB**, **LINK**, **NEO**, **BTC** **&** **LTC** https://freedash.io/?ref=3945 https://free-tron.com/?ref=24942 https://freeethereum.com/?ref=39797 https://freecardano.com/?ref=228676 https://freebinancecoin.com/?ref=32397 https://freechain.link/?ref=1187 https://freeneo.io/?ref=1474 https://freebitcoin.io/?ref=319383 https://free-ltc.com/?ref=737 **I earn crypto for reading and writing on** ****Publish0x**** **and** ****ReadCash******, watching videos on** ****Lbry.tv**** **and surfing online on** ****Brave Browser**** **and** ****Presearch******. I use** ****Swapzone**** **for the lowest fee swaps** https://www.publish0x.com/?a=pmbk1p5ezJ https://read.cash/r/PVMihalache https://lbry.tv/$/invite/@MindPuzzles:9 https://brave.com/pvm417 https://presearch.org/signup?rid=1695040 https://swapzone.io/?refId=pvmihalache
16 comments
But where to send bnb? To cake site? Or is it in binance?
On PancakeSwap
Nice. Good job! Another post about Cakes 🍰🍰🍰🎂🎂🎂🎂
Another one ready in 2 minutes
The one with SFP?
Yes
I read it. Nice one. Full with useful information.
Good job.
hehehe, you got a delicious cake, your dough can finish some cakes. Oh yes, do you have a recommendation for a smartphone application-based game on Google Play that can provide digital money?
Not playing much lately but there are plenty of options
i see, thanks the options
what value should have your portfolio for being able to load it on PancakeSwap? On Uniswap it shouldn't be less than 2000 $ because of ETH fees
I would say any value! I started in December when they added a BNB pool, with max 10 BNB per user. From that I've farmed 49 CAKE. I than started to move my Launchpool tokens, Alpha , Hard, Venus, CertiK into LP for more Cake . Trust Wallet airdrop happened and sent them to PancakeSwap. All 400 Cake I have now were made without investments
very, very good. I am happy for you!
Sounds interesting! I have not been able to do anything recently on harvestfinance and sushiswap thanks to the crazy eth fees. Looks like the fees on pancake is low. Let me check it out. Cheers!
Is minimal because is on Binance Smart-Chain