PancakeSwap has emerged as one of the leading DApps on Binance Smart Chain (BSC) and one of the most popular yield farms in the DeFi market. Download Trust Wallet to start earning CAKE tokens on PancakeSwap.
How to Earn Cake Using Trust Wallet
1
Install Trust Wallet
Download the iOS Crypto Wallet / Android Crypto Wallet.
2
Access PancakeSwap in the DApp Browser
Go to DApp Browser and look for PancakeSwap in the DeFi section.
3
Start earningCAKE
Swap your BNB to CAKE, Go to Pools, and Stake It to Earn MoreCAKE
Access PancakeSwap using the Trust Wallet DAppBrowser
The Trust Wallet DApp Browser enables users to seamlessly and securely participate in the PancakeSwap ecosystem with only a few clicks in the app.Thanks to Trust Wallet's native support for PancakeSwap, you can easily store all your Binance Smart Chain assets including CAKE in your Trust Wallet once you have "harvested" your tokens.What's more, you can convert your CAKE tokens into other BEP20 assets directly in Trust Wallet should you desire.
Yield Farm on Pancakeswap to Earn HighAPYs
By depositing assets into Pancakeswap liquidity pools, you can earn double-digit percentage yield farming APYs paid out in CAKE tokens.
Stake Cake to Earn Cake
Deposit CAKE into the CAKE Pool to earn staking rewards in the form of CAKE.
Yield Farming on PancakeSwap
Arguably, the easiest way to Earn CAKE tokens is by providing liquidity to the platform's trading pools.To enter the kitchen and become a liquidity provider on PancakeSwap, all you need is a Binance Smart Chain wallet, such as Trust Wallet, and BEP20 assets that you would like to deposit in the available trading pools.
- Once you have found a pool that you would like to contribute liquidity to, you have to deposit the two assets contained in the pool.
- If you don't already hold both assets, simply convert half of the holding of one asset into the other and then deposit both into a liquidity pool.
- Once you have deposited the two assets and signed the transaction, you will receive LP tokens.
- You then take the LP tokens and stake them in any available yield farms to earn CAKE.
