Where & how to stake PancakeSwap (CAKE)

Introduction

Staking PancakeSwap can be a great option for those who want to hold CAKE but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain PancakeSwap (CAKE) tokens

   In order to stake PancakeSwap, you need to have it. To obtain PancakeSwap, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	PancakeSwap (CAKE)	$1.6
   M2	PancakeSwap (CAKE)	$1.6
   YouHodler	PancakeSwap (CAKE)	$1.6
   Uphold	PancakeSwap (CAKE)	$1.84
   Binance	PancakeSwap (CAKE)	$1.6
   BTSE	PancakeSwap (CAKE)	$1.6

   See all 15 prices

2. 2. Choose a PancakeSwap wallet

   Once you have CAKE, you’ll need to choose a PancakeSwap wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitmart	PancakeSwap (CAKE)	Up to 1% APY
   Binance	PancakeSwap (CAKE)	Up to 0.45% APY

3. 3. Delegate your CAKE

   We recommend using a staking pool when staking CAKE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their CAKE, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start validating

   You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the PancakeSwap network. You’ll be rewarded with CAKE for these validations.

What to be aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.