Bitcoin Forum

Hey Guys
I appreciate if someone guide me
I want to add LP and farm it . for example if i choose add farm on bnb-cake pair . When i add LP i have to add $100 of bnb and $100 of cake to farm . so farm calculate $100 for interest or $200  ???

I will suggest you an article about that and then you can try to read the whole explanation about pancake farm https://medium.com/stakingbits/yield-farming-with-pancakeswap-fe3e64b1874e

If you're putting $100 bnb and $100 cake, the total will be $200. It's clearly stated by article. It doesn't matter how much you wanna stake or farm your coins and it will always be divided into the 50% : 50% ratio

Of course $200, but that quantity will be on high risk TVL farming. It could go down depends on the price of those two tokens. Of course if it does increase price the value could also increase aside from the reward you are gonna get depends on it cause some only paid transaction fees.

Seriously you should read the Pancakeswap documentation (https://docs.pancakeswap.finance/), there's available many resources and information there that is worth reading if you want to play around with it. More than that it surely give you a better understanding about how it works.

Do you want to know more about LP? you can see it on Liquidity Pools (https://docs.pancakeswap.finance/products/pancakeswap-exchange/pancakeswap-pools) and How to Add/Remove Liquidity (https://docs.pancakeswap.finance/products/pancakeswap-exchange/liquidity-guide). And if you want to know about yield farming, you can see Yield Farming (https://docs.pancakeswap.finance/products/yield-farming). The documentation is decent enough and there is guidance available.

Thanks for answers. All were useful and i did learn
Another question:
I see a crazy farm that gives back 30% of invested
Money each month! Are they really trustable as listed on pancakeswap  ???

When you invest $100 of bnb and $100 of cake to farm, the total sum is 200$ so you get interests for 200$. Actually, this pool is risky as both of tokens are volatile so in case of changing the price, you can lose a lot. Nevertheless, I invest in this pool on my own as I believe in this platform and I think that cake will grow in the long-term and pancakeswap will not be hacked, so I don't really care about price changes.

You have to do is make sure you have a balance from BNB and CAKE with the same value of $100, after that click "Start Farming" then confirm on Metamask, then follow the next step. What you will get is Cake token according to the current APR, for example 43% , so with a total of $ 200 then you get a 43% APR, for details you can calculate in the Pancakeswap calculator.

I see . But i mean some pools give back 30% monthly . Can trust these tokens just because PS listed them on its farm ?

whats the name of the coin. i mean every token can be listed on pancakeswap but pools and farm are different for farm instead there's some kind of vote to decide the pool worth it and if the farm says 30% that will give u 30% of total ur invested in a year not a month so 30/12 month

and please take a note that become LP considering high risk because the Impermanent Loss

No! Anyone can list their token on Pancakeswap and Pancakeswap does not regulate token listing. For example, the recent mainstream Squid Game token scam are listed there and you know how it end up. I suggest you shouldn't lure to play around within it just because it has a tremendously high APR, especially if you didn't know what are you doing. It's literally anyone can simply list a token there, you should beware of it.