Hi guys, I'm Looking more into putting my crypto to

Question

Hi guys, I'm Looking more into putting my crypto to

work passively
Was wondering which is better syrup pool or farming?
Also is it fair to say that farming is riskier due to liquidity?

#cake #cryptocurrency #de-fi #english

0

22.10.2021

17 ответов

9 просмотров

Rzef [I ALWAYS DM FIRST] v Z

Well yeah if you stake a looot of money you can earn loads of passive income..

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22.10.2021

Cryptoneaty1 Cotton Автор вопроса

Chutoro
if u new, go with the staking pools

Thanks for that🙏 Does sound safer and less complicated. I've only just started looking into this and have seen that pancake swap has some guidelines on this too, so I'll do abit of studying

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22.10.2021

Ceddi || Cake Midas

Cryptoneaty1 Cotton
Thanks for that🙏 Does sound safer and less complic...

!diff

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22.10.2021

Combot

Cryptoneaty1 Cotton
Thanks for that🙏 Does sound safer and less complic...

Farming means you are providing liquidity and by staking those LP tokens you get cake. Providing liquidity has rewards of fees plus cake from farm but it has Impermanent loss risk Staking means you just buy cakes and stake them in the syrup pools section in whichever pool you like to stake, while staking cake you either earn cake or other tokens from the pools and it has only price fluctuations risk and no impermanent loss risk

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22.10.2021

Rzef [I ALWAYS DM FIRST] v Z

Cryptoneaty1 Cotton
Thanks for that🙏 Does sound safer and less complic...

You can check all of the pools and their APR but also check if maybe one of the coins you earn has huge potential (takes time to do research). But if you stake cake for coins and then those coins go up alot.. you can make way bigger APR than what's shown on pancake swap(if you don't sell straight away) And also if the coin drops you earn less than the actual APR (if you don't sell straight away)

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22.10.2021

Cryptoneaty1 Cotton Автор вопроса

Rzef [I ALWAYS DM FIRST] v Z
Well yeah if you stake a looot of money you can ea...

I gotta say, I love crypto...lol Especially as I'm newly exploring this passive aspect. I dream of being able to earn £100 worth of crypto a day. Trying to work out how much capital would be needed to achieve this. Any guesses?

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22.10.2021

Mr Dongkey 🏁

$4,8K / Days is anough for me 🤣✌

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22.10.2021

Cryptoneaty1 Cotton Автор вопроса

Appreciate the wise advise👍

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22.10.2021

Cryptoneaty1 Cotton Автор вопроса

Combot
Farming means you are providing liquidity and by s...

Really neatly explained, I hear you sound an clear. Staking sounds safer Thank you.

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22.10.2021

Ceddi || Cake Midas

Cryptoneaty1 Cotton
Appreciate the wise advise👍

You welcome

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22.10.2021

Rzef [I ALWAYS DM FIRST] v Z

Cryptoneaty1 Cotton
I gotta say, I love crypto...lol Especially as I'm...

Hard to say .. Apr and prices change everyday

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22.10.2021

Cryptoneaty1 Cotton Автор вопроса

Rzef [I ALWAYS DM FIRST] v Z
You can check all of the pools and their APR but a...

Very cool prospective, I see what you mean. I've looked at some of the pools very exciting, especially as I'm doing this for the first time. Really appreciate the guidance with this. The returns compared to interest from banks is epic🤑

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22.10.2021

Rzef [I ALWAYS DM FIRST] v Z

Cryptoneaty1 Cotton
I gotta say, I love crypto...lol Especially as I'm...

The safest would be farming dollars for dollars I think Wich earns around 6% per year.. so u need to earn 36500 per year passive.. u will need like 400000$ xD but if u staking cake or stuff you might need less

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22.10.2021

Cryptoneaty1 Cotton Автор вопроса

Ceddi || Cake Midas
You welcome

🙂

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22.10.2021

Cryptoneaty1 Cotton Автор вопроса

Rzef [I ALWAYS DM FIRST] v Z
Hard to say .. Apr and prices change everyday

That makes sense, look forward to working this out tho....lol

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22.10.2021