How to earn DKT token by yield farming on PancakeSwap
Yield Farming in Farms is a great way to earn DKT rewards on PancakeSwap.
Unlike Syrup Pools, Farms require you to stake two tokens to get LP Tokens, which you then stake in the Farm to earn rewards. This lets you earn DKT tokens while still keeping a position in your other tokens.
These are instructions on how to farm DKT tokens on PancakeSwap.
Step 1: Getting prepared
First, you have to prepare 2 tokens, which are BNB and DKT. You can buy DKT tokens directly on the PancakeSwap exchange.
This is the official contract of DKT (please check the contract carefully to make sure you don’t lose your assets):
Token contract: 0x7Ceb519718A80Dd78a8545AD8e7f401dE4f2faA7
Step 2: Add Liquidity
Click “Trade” and then choose “Liquidity”.
Choose tokens BNB and DKT respectively.
Enter the amount you want to add liquidity and click “Supply”.
Then, you will receive the LP token of BNB-DKT in your wallet.
Step 3: Start farming
Click “Earn” and then choose “Farms”.
Find CAKE-DKT token and click “Enable Contract” — If this is the first time you farm this LP token.
Choose “Stake LP”.
Step 4: Receive DKT tokens
You can receive your reward in DKT token by clicking “Harvest”.
Please note: While you are holding BNB-BNB LP tokens you will be at risk of Impermanent Loss.
WRITTEN BY Kartikeya Behl
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