Where and How to Lend PancakeSwap (CAKE)

Introduction

Lending PancakeSwap can be a great option for those who wish to hold CAKE but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire PancakeSwap (CAKE) Tokens

   To lend PancakeSwap, you need to have it. To obtain PancakeSwap, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	PancakeSwap (CAKE)	1.93
   Uphold	PancakeSwap (CAKE)	1.92
   YouHodler	PancakeSwap (CAKE)	1.92
   Binance	PancakeSwap (CAKE)	1.92
   BTSE	PancakeSwap (CAKE)	1.92

   See all 22 prices

2. 2. Select a PancakeSwap Lender

   Once you have CAKE, you’ll need to choose a PancakeSwap lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	PancakeSwap (CAKE)	Up to 12 APY
   Kucoin	PancakeSwap (CAKE)	Up to 0.5 APY
   Aave	PancakeSwap (CAKE)	Up to 0.11 APY

   See all 4 lending rates

3. 3. Lend Your PancakeSwap

   After you have selected a platform for lending your PancakeSwap, transfer your PancakeSwap into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.