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

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 Swap is one of many crypto exchange platforms that allow you to stake its own coin called “cake”. The interest rate is very high – over 100% APY. But if you think that this high interest rate on staking will allow you to double your investment within a year – you might be wrong.

The interest rate is so high because the coin is not stable. Nevertheless if you understand and accept the risks, you might want to try to stake your cakes for some exta income.

The new feature on PancakeSwap called Auto Cake allows you to stake your cake and benefit from the compound interest at the same time.

If you decide to register on Binance, please use my affiliated link: https://www.binance.com/en/register?ref=21239835

Links to other playlists:

Investing on Etoro: https://youtube.com/playlist?list=PL03TaVgU3tRPUfg2EZClUzaQCj0gAbrPK

Investing into Cryptocurrencies: https://youtube.com/playlist?list=PL03TaVgU3tROu0_VZT2joVc7YUgrqLo26

Investing on Vanguard UK: https://youtube.com/playlist?list=PL03TaVgU3tRNgdNaw_NARFDC5xRHxIwYB

Here are some of my affiliated links which you can use:

Start Copy Trading with Etoro: https://bit.ly/2Rcp7EA
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Get a Free Share worth up to 200£: https://magic.freetrade.io/join/gary/f339e877

Time Stamps:

00:00 Introduction
01:20 What is Staking?
02:22 Why interest rates are so high
03:32 What is Pancake Swap?
05:07 What is Cake Token?
05:48 How to stake cakes
06:45 Why I chose Auto Cake staking
07:17 How to choose a coin for staking?
09:42 The Truth about Passive Income
10:24 Main info about Auto Cake
12:12 Manual Cake

None of the information I give in my videos is a financial advice and it has to used in entertainment purposes only.

Thank you!

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33 COMMENTS

  1. 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 ?

  2. 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.

  3. 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 .

  4. 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.

  5. 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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