Cake Making Process
The process of providing liquidity on PancakeSwap is as follows:
1. Prepare Tokens: Hold the trading pair tokens (such as CAKE/BNB) and ensure your wallet (like MetaMask) is connected to the Binance Smart Chain (BSC).
2. Add Liquidity: Visit the PancakeSwap liquidity page, select the token pair, and enter the amount. The system will automatically calculate the ratio, confirm the transaction, and after paying the gas fee, you will receive LP tokens.
3. Staking for Mining: Go to the "Farm" page, stake the LP tokens into the corresponding pool, and start liquidity mining to earn CAKE rewards daily based on the ratio.
4. Manage Assets: You can withdraw LP tokens at any time and split them back into the original tokens. Be aware of impermanent loss risks and APY fluctuations. Throughout the process, authorization of the contract and confirmation of transaction validity are required.