Every morning, after brushing up the funds on Binance Alpha, you can form an LP on Pancake. By using stable trading pairs, you can earn some transaction fees back, making it easy to recover the losses incurred from daily volume brushing. Below is the specific process.
1. Go to the Pancake official website
Binance wallet - Discover, you can directly search for the Pancake official website, click on earn-farm to enter the liquidity pool. Here we take ZKJ as an example (the trading pair is stable and has a high trading volume, so the risk is lower).
2. Select the pool where you need to form an LP
After choosing the currency, you can see the specific pool and the corresponding ARP. Choose the corresponding pool based on the currencies you hold and the yield rate.
3. Choose the quantity and range
Once you have chosen the quantity, you can add it directly. It should be noted that the wider the LP range, the lower the yield rate will be, and vice versa. However, the risk will also be higher. If there is too much volatility and it runs out of the range, there will be no earnings, and there is also potential for loss.
* It is recommended to choose a less volatile option like ZKJ. We only want to subsidize the amount spent on transactions, not to earn money from the LP. Risk control is the priority. (You can also hedge to lock in prices.)
* The displayed APR does not match the actual one; sometimes it may take half a day to earn anything, which is normal. You can adjust the range width according to the actual situation.