Passive Income Easy With Oryen Network, Increasing Price 120% In A Short Time And Threatening Pancakeswap

cryptonews.com:

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Pancakeswap is one of the biggest decentralized exchanges in the world. Holders of the native token called CAKE can earn a passive income via staking. Since Pancakeswap is secured using proof of stake, there is no limit to how much one can make from staking.

Proof of stake allows crypto holders to stake their coins in exchange for rewards. The staked coins are used to secure the network. In recent years, proof of stake has become quite popular. For example, with the Pancakeswap DEX, you provide liquidity and receive rewards in exchange.The token run on the Binance Smart Chain, known for low fees and fast transaction speed.

You can stake, farm or place it in pools to earn more CAKE. In farms, you provide liquidity to two tokens. You have to pick two coins that you hold and stake them as a pair. The staked tokens are converted into liquidity provider tokens. For instance, if you use the BNB-CAKE Farm, you must provide the two tokens. You will then get a reward in CAKE LP tokens. These LP tokens are placed on the farm, and you earn more tokens. When you are done farming, you can convert the LP tokens back into the original tokens.

You also have the option to join Syrup Pools. In these pools, you only need one token. For instance, you can stake CAKE alone. The APY can be quite high, in the double digits. Syrup pools are great since they do not suffer from impermanent loss. It is easy to understand. However, if CAKE drops in value, your investment could be more expensive to maintain.

Staking in Pancakeswap comes with many risks. One of the main issues is that the APY is not fixed. As such, it could drop to as little as 1%. Over an