How to Stake CAKE to earn more CAKE on PancakeSwap with Trust Wallet
What is PancakeSwap?
PancakeSwap is a new Automated Market Maker (AMM) aiming to be the #1 liquidity provider on Binance Smart Chain. You gain CAKE tokens by providing liquidity to the platform, staking and also get a chance to win some CAKE tokens through a lottery
To get started, you need to have the some tokens that you will be supplying to the platform. You will need to get some CAKE tokens thru their Exchange or elsewhere.
Make sure you have the latest version of Trust Wallet installed on your mobile device.
Staking CAKE Tokens
If you do not want to supply your CAKE tokens for liquidity to the platform, you can just Stake them. Staking CAKE tokens on the individual Staking pools will generate additional tokens. In this guide, we will Stake CAKE to earn more CAKE. The reward is now auto compounding, I earn at least 2$ to 3$ everyday staking my CAKE.
Approve staking of the CAKE tokens first. Press the + sign to input the number of CAKE tokens you want to stake and Confirm it.
You need to choose the CAKE reward pool to stake to earn more CAKE.
Your CAKE tokens will be staked and you will earn additional CAKE tokens. Harvest your CAKE at anytime and stake it again to gain more tokens.
Take action and earn passive income.
We have provided this info,
The burden of action is on you. 🤌🙏