common-close-0
BYDFi
Trade wherever you are!

How can I use swap cake to earn passive income in the crypto industry?

avatarFerminDec 25, 2021 · 3 years ago1 answers

I'm interested in earning passive income in the crypto industry and I've heard about swap cake. Can you explain how I can use swap cake to earn passive income? What are the steps involved and what are the potential returns?

How can I use swap cake to earn passive income in the crypto industry?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    Certainly! Swap cake is a popular decentralized exchange on the Binance Smart Chain that allows users to swap tokens and provide liquidity to earn passive income. To use swap cake for passive income, you'll first need to connect your wallet to the platform. Once connected, you can choose the tokens you want to provide liquidity for and deposit them into the liquidity pool. In return, you'll receive LP tokens that represent your share of the pool. These LP tokens can then be staked on the swap cake platform to earn passive income in the form of cake tokens. The amount of passive income you earn will depend on factors such as the amount of liquidity you provide and the trading volume on the platform. It's a great way to earn passive income in the crypto industry without much effort.