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.
DeFi bounty at CakeDeFi with $30 DFI for new users
(Trophy cabinet under construction)