Staking Cake on Pancake Swap | The Truth about Staking Crypto for Passive Income

October 5, 2022

Staking Crypto is a popular idea for getting passive income. In this video I’ll explain how to do it and is it really possible. Pancake …

CoinHirek October 5, 2022

25 Comments

Laraib Batool says:

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#HyperPiNetworkInu Let's BUilD a community towards prosperity💎💎💎
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Unicrypt https://app.unicrypt.network/amm/pancake-v2/ilo/0x07dDb4FbAb082F73dC5768A1f21B821584127655

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pedro kawamura says:

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i watch videos about this all the time, yours is the best so far, thanks for the content

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Dave D. says:

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This video stakes the cake! Pun intended. What ppl seem to not understand, and you mentioned it 1st thing, the high APY only says that you will get that many more coins, it has nothing to do w/ the dollar value of those coins at the end of the period. You could double your coins and still lose all dollar value. For this reason, as a beginner, I was only providing liquidity in stable coin pools. The APY fluctuates from 10%-25%, but that's paying in 'dollars'.

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Calvin Williams says:

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Thanks you

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faux yeah says:

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i'm going to try it. thanks for the clear and concise explanation. can't wait for the updates

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DriftSpeaks says:

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Hypothetically speaking if one were to sell they’re house for 200k profit and place the proceeds in this cake pool. Theoretically said person could profit close to $140k per year (depending on price of Cake)? Are they’re any dangers to this idea? Or is this a feesible idea ?

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alex nickson says:

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You staking on some other platform as well which is safer, reliable less risky with good apy

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Patrick Thiem says:

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Thanks for the detailed and rational explanation

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Dominic Cabrera says:

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I'm hungry now for cake

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Andreas Kastrup says:

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Thankyou so much for this! Now things makes alot more sense

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ben plus says:

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that repeating intro music is so loud

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NEWS EARN says:

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I can do better video editing and sound editing and infographic and can help you ion whole youtube channel branding .if you need help let me know

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Mr. Basic says:

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I got on with cake and I see a steady long-term with that and BNB 😎

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Alex Zubarev says:

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You have cute accent. Are you Ukrainian?

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FeelingBullish says:

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is there a follow-up video for this one? curious to see how it went!!!

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Stevo Land Down Under says:

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If u auto stake and just leave it keep staking do u only pay the one fee at the beginning or is there a fee every day or hour etc ? Cheers

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Lance Bellers says:

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Thanks for really useful guide. I currently stake my CAKE on Binance locked staking – would you have a view on that? The rates are pretty generous but I'm guessing perhaps not as good as staking directing on Pancake Swap?And Binance doesn't have the compound interest feature which sounds really good too.

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BitMorsel says:

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Are you in the US? I'm trying to figure out how to track my staking for tax purposes.

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Faisal Husein says:

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Love your clear explanations. Thank you

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HarshVardhan Bandta says:

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Why has the interest gone down from 107 to 82%

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Vladimir Putinski says:

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Thanks to youre videos the apy keeps dropping so thanks.

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Chris Kahlenborn says:

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awesome

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Lucky Owl says:

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Hum … Nice .
Lucky has Some … Intricate yet Alluring Cakes … One of the Few People that Walks to the Store .
Like the Manual Cake Syrup Pool … and, the BUSD Cake Farm .
Most People like the Auto Pool … and, BNB Cake Farm .

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AMRuger says:

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There seems to be a misunderstanding. Staking means to take advantage of the mighty compounding effect. It doesn't make sense trying to use it as a way of generating passive income since monthly withdrawing undermines the purpose of staking (compounding). If you want to have a passive income, maybe try playing around with trading bots or liquidity pools.

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E8fy says:

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One of the rare videos that fully explained the risk of the coin itself and the high rates. A lot of other videos just dive right in. Great explanation thank you very much.

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