Tutorial: How to Farm $CAKE on PancakeSwap + Bonus Giveaway!

How does yield farming work?

Yield farming is also known as liquidity mining or liquidity farming, and involves locking cryptocurrency assets to get rewards. In general, yield farming works with Liquidity Providers (LP) users who contribute funds (LP tokens) to Liquidity Pools in permissionless liquidity protocols such as PancakeSwap.

Providing Liquidity to get LP Tokens

Step 1: Head over to PancakeSwap by clicking here.

Adding or removing LP Tokens from a Farm

Later on, you may decide to add or remove LP Tokens from the Farm. No worries as you can do this whenever you like.

  1. Return to the Yield Farms page. Click the “Staked only” toggle at the top of the page.
  2. You should be able to see your LOA-BUSD farm on the list.
  3. Click the row to view details. On the right you’ll see a “-” and a “+” button. Click the corresponding button to either remove or add LP Tokens.
  4. A window will pop up. Type the amount you would like to unstake/stake, or click “Max” to remove/add all available LP Tokens.
  5. Double check your information to ensure it is correct, then click the “Confirm” button and confirm the action in your wallet.
  6. After a while, your new balance will show in the details section. If you’ve unstaked or added more LP tokens, any unharvested CAKE rewards you have earned will be automatically deposited into your wallet.

Collecting your farming rewards

Farming will bring you CAKE rewards over time. Once you’re ready to harvest your cake, return to the LOA-BUSD farm and follow the steps below:

  1. Return to the Farms page here.
  2. Find the LOA-BUSD farm and click the row to view details. Under “Cake earned” you should see an estimated amount of your rewards.
  3. Click the “Harvest” button and confirm the action in your wallet. After a while, the CAKE will be claimed to your wallet for you to use as you like!

LOA Token Giveaway

But wait, that’s not all! In the next few days, we will be running a limited-time 24-hour giveaway for every LOAder who stake LOA-BUSD in PancakeSwap.

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