Join us as we explore the exciting world of yield farming! This video will show you how to get started with yield farming while also learning the basics of what it is, how it works, and some of the possible risks and benefits that may be associated with it. Whether you're a seasoned crypto investor or new to the world of decentralized finance, this video is a must-watch for anyone looking to learn more about yield farming and its potential impact on the future of finance.
Episode Index: 00:00 - Intro 00:18 - What is Yield Farming? 01:15 - How to Setup a Yield Farm on Pancake Swap 01:29 - Purchase BNB from a Centralized Exchange 01:45 - Connect Wallet to Pancake Swap 02:18 - Exchanging BNB for CAKE Token 03:03 - Adding Liquidity to BNB-CAKE Liquidity Pool 03:58 - Staking Our BNB-CAKE LP Tokens in a Yield Farm 04:50 - Outro
