Hello,
Can any one please explain how I can safely earn 30-50% APR on Pancakeswap by staking USDT or CAKE Coin. I am confused between farms and pools and don't understand how the calculation works.
Go to their farms and see the APR (https://pancakeswap.finance/farms). IMHO, it's better to do the farming than with the pools. Although the percentages are both high and enormous at least with the farms, you know that the coin you're farming is good enough.Can any one please explain how I can safely earn 30-50% APR on Pancakeswap by staking USDT or CAKE Coin. I am confused between farms and pools and don't understand how the calculation works.
Both farm and the pool, they've got higher percentage but you may probably don't know those tokens if they're going to be good or not. Stick to cake-bnb which is the preferred pair of most.
There is also the issue of IL when providing liquidity pool, am not sure the op is aware of this and take to account what will happen to his funds when this occurs, he should also consider direct staking (no IL issue) for stablecoin, although am not sure if pancakeswap give as high apy to staking stablecoins,
it is better he farm good projects with less apy than some random shitcoins just for a high apy, i don't farm or stake in pancakeswap so i may not have full knowledge of what is being offered, but i do stake some of the project i invested and so far it has been great.
binance also offer stablecoin staking with decent apy, low risk.
