PancakeSwap is a decentralized exchange, AMM & yield farm on Binance Smart Chain.
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- How to Stake CAKE?
Staking CAKE is mildly easy and requires a metamask wallet or Binance Chain Wallet containing CAKE and BSC (BNB) to pay for gas.
With current participation rates you can ear an APY of over 175% 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.
The APY for staking in the CAKE Pool is around 175%.
Visits the CAKE Staking Rewards Calculator to estimate the percent of supply engaged in staking to view your expected returns.
- Is there any risk to Staking CAKE?
There is the smart contract risk associated with staking CAKE in the CAKE Pool.
There is no impermanent loss associated with this activity as the is not a Symmetric Liquidity Pool.
PancakeSwap has been audited by CertiK.