*** OFFICIAL Going FULL RETARD On DeFi Thread ***

[sonatine]

master class

[Rick Sanchez]

Questions

- Do you need to own cake/bunny and bnb?
- Do you need to convert to the LP tokens?
- Do you need to stake full coins or can you do fractional?

Walk me through this step by step or maybe there's a video??? 8.7.3

The only mandatory token is BNB. It's basically the same thing as Ethereum. Every transaction costs gas (paid in BNB) and all of the tokens are built into BNB.

As you seem to have figured out, you get LP tokens when you add liquidity for a token pair. These LP tokens just represent your share of the pool. You can just hold these, and then sell them later to collect your share of transaction fees. You can also stake these LP tokens, instead of holding them, which is what yield farming is. This nets you rewards in whatever token the site is based on (such as BUNNY or CAKE), at a set %. At any time you can claim these rewards, unstake your LP tokens, and still have ownership of the same % of the pool. As far as I can tell, there is no reason not to use the LP tokens for yield farming. But you don't have to, you can just hold.

You can do fractional. One of the tokens in the screenshot above was $90k as of yesterday, but I only provided liquidity for $100 worth of it.

I've been out of the office all day and haven't checked my yields, but I'm sure I got rekt. The whole crypto market took a nasty downturn today. I'll check it out tomorrow.

[PLOL]

Ha!

[sonatine]

thank you in advance 10.7.1

[PLOL]

I purchased 3 billion Updog on Pancakeswap. Though somehow it turned in to exactly 2.7 billion after the swap went through. If Updog goes to $1, I will give everybody in this thread $1 million. 9.7.2

[gauchojake]

well there we go 8.7.3 throws a monkey wrench into this thread

[gauchojake]

Questions

- Do you need to own cake/bunny and bnb?
- Do you need to convert to the LP tokens?
- Do you need to stake full coins or can you do fractional?

Walk me through this step by step or maybe there's a video??? 8.7.3

[sonatine]

literally

[runatrain69]

holy fuck I was looking into pancake recently, thinking about moving all coinbase holdings over there so I can get on that staking

[PLOL]

Lol, yes I've been fucking around on pancake swap too

[Sheesfaced]

Following this thread thanks.

[sonatine]

gonna stack up on yes

[Sanlmar]

it speaks to our times for sure. Unimaginable 12 months ago.

[Sanlmar]

My second thought is, “would PLOL approve?”

[sonatine]

honestly just what the absolute fuck at this world that sprung out of basically nowhere