The explosion of DeFi has unlocked new financial iterations that revolve around autonomy, speed and inclusion – a combination lacking in the traditional financial realm. A prime example of this is PancakeSwap, as Nikopolos explains:
Adding liquidity on PancakeSwap
Once your wallet is connected, click on the Trade menu and select Liquidity. On the Liquidity page, select Add Liquidity and choose the token pair you wish to deposit. Note, you will need to deposit both tokens into the pool at a predetermined ratio.Thereafter, you will receive liquidity provider tokens indicating your share of the liquidity deposited in the chosen pool.
Click on the Confirm button, and your wallet will request that you confirm the transaction. After doing this, you can find your staked LP balance showing the amount you have in the farm.Staking on PancakeSwap
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