How to Yield Farm on PancakeSwap

With this guide, you will learn how to provide liquidity and Yield Farm on Binance Smart Chain using PancakeSwap exchange. To do so, MetaMask should be installed (see here step-by-step guide), and Binance Smart Chain Network should be set up (installing Binance smart chain in MetaMask). There are a lot of pools where you could provide liquidity, and the APY is varying. Here I will use Tezos (XTZ) as an example, but you can choose another pair. Pancake swap has a great user interface, and transaction fees are much cheaper than any other DEX on the Ethereum network. So let’s not wasting time and begin with the tutorial.

Providing Liquidity on PancakeSwap

First, open pancake swap and go to farms to explore the pairs. In this case, we will use Tezos (XTZ). Make sure that MetaMask is on Binance Smart Chain Network.

 choose pair to add liquidity

 

After that, go to exchange to find the coins and tokens. You need to have a BNB coin.

go to pancake swap

 

3. Select the token and amount you want to buy. Bear in mind that you should leave the same amount in BNB for liquidity and some for paying the transaction fees.

select the token and amount to stake

 

4. When the desired coin is selected, press confirm swap.

confirm swap BNB to Tezos

 

5. Confirm on MetaMask.

confirm bnb to tezos on metamask

 

6. Next, go to liquidity and press Add liquidity.

after exchange go to liquidity

 

7. Select proportion BNB to XTZ you like to stake and click supply.

supply to add liquidity

 

8. Confirm supply on MetaMask.

confirm supply on metamask

 

9. Now go to farms and click to approve the contract.

Approve the contract

 

10. Proceed by pressing Stake LP.

 

 stake LP

 

11. Select max and confirm.

stake LP and confirm

 

12. Confirm it in MetaMask Wallet.

confirm metamask

 

Done, you have provided liquidity in Pancake Swap.

 

Staking Cake Token in PancakeSwap

 

Now when everything is done, you could go to farms. Click staked only, and you will see your pools.

click staked only

 

After a while, you will earn some Cake tokens as a reward for staked pair. When you go to the home page of pancake swap, you will see how much you earned. To get even more cake tokens, you can harvest your rewards. Just Harvest all, and you are good to go.

Home page pancake swap

 

Now you know how to yield farm on PancakeSwap.

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