Yield Farming | How to Use Pancakeswap with Metamask Binance Smart Chain

Yield Farming | How to Use Pancakeswap with Metamask Binance Smart Chain

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👉 PancakeSwap Website: https://pancakeswap.finance/
👉 MetaMask Extension Download: https://metamask.io/download

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Links mentioned in the video:

✅ Get your own free Binance account: https://bit.ly/Binance-Register-Now
✅ Best Hardware Wallet (Ledger Nano): https://bit.ly/Ledger-Cold-Wallet
✅ Best Hardware Wallet (Trezor): https://bit.ly/Trezor-Cold-Wallet
✅ High-Speed, Secure & Anonymous VPN Service: https://bit.ly/3ov25Vr
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In this is video, I will show you step by step how to set up a Binance Smart Chain wallet using Metamask to support PancakeSwap.
If you want to use PancakeSwap with MetaMask, you should first set up your MetaMask wallet and then connect it to Binance Smart Chain.
PancakeSwap is a decentralized exchange built on Binance Smart Chain, a fast and inexpensive alternative to Ethereum. Much like the celebrated Uniswap DeFi AMM protocol running on Ethereum, PancakeSwap enables users to swap between cryptocurrency assets by tapping into user-generated liquidity pools.

Yield Farming is now one of the hottest topics in decentralized finance and there is a high chance you may have already heard something about insane returns that some of the yield farmers are making. So what is yield farming? How did it all start?

Yield Farming, in essence, is a way of trying to maximize a rate of return on capital by leveraging different DeFi protocols.
The hot new term in crypto is “yield farming,” a shorthand for clever strategies where putting crypto temporarily at the disposal of some startup’s application earns its owner more cryptocurrency. Another term floating about is “liquidity mining.”
Yield farmers try to chase the highest yield by switching between multiple different strategies. The most profitable strategies usually involve at least a few DeFi protocols like Compound, Curve, Synthetix, Uniswap or Balancer. If the strategy doesn't work anymore or if there is a better strategy available the yield farmers move their funds around. They may, for example, move the funds between different protocols or they may swap some of their coins to other ones that are currently generating more yield. In our yield farming world, this procedure is sometimes called crop rotation.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in our Pancakeswap video. Make sure to leave a like on the video if you gained value from it!

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⏰ TIMESTAMPS ⏰

0:00 Intro
0:35 Disclaimer
0:41 Getting started
1:27 Linking to Metamask
2:01 Exchange
2:20 Ways to find tokens
3:14 Liquidity on PancakeSwap
4:16 How to safely store your cryptocurrency
5:09 Yielding and farming
6:312 Other features of PankaceSwap
7:10 Recap