The crypto market has been volatile, and investors have been using different strategies to make gains. Some have been HODLing, while others have been leverage trading their profits. Yield farming on DeFi platforms like PancakeSwap has been a safer way to make steady gains. This article covers the top four yield farm pairs on PancakeSwap, which offer lower risk and high APR. The trading pairs mentioned are BSCPAD/WBNB, FRONT/BNB, ONE/BNB, and CAKE/BNB. It’s important to tread the fine line of choosing a high yield farm pool with legitimate tokens that have lower risk price fluctuations.
Looking for Safe and High Yield Crypto Gains? Try PancakeSwap’s Top 4 Yield Farm Pairs
The crypto market has been on a roller coaster ride lately, making the hunt for gains a little more difficult. Some people choose to HODL, while others leverage trade to make profits from market volatility. However, the safest way to make steady gains, regardless of the market turmoil, is through yield farming on DeFi platforms like Ethereum, Cardano, or Binance Smart chain. PancakeSwap, for instance, has become a popular choice for yield farming enthusiasts, largely due to its bumper crops of crypto gains.
What is Yield Farming:
Yield farming is the process of farming rewards by adding assets to a liquidity pool on decentralized finance platforms like PancakeSwap. These rewards, represented as APR, can be capital gains, interest, or token incentives. The yield is farmed when Automated Market Makers or AMMs execute trades based on the assets in the pool.
Top 4 Yield Farm Pairs on PancakeSwap:
No. 4: BSCPAD/WBNB farming pair:
This high earner has an APR of 210%, which is pretty impressive considering that both BSCPAD and WBNB are legitimate projects. However, a high APR can be a red flag, indicating a higher risk level and the possibility of a rug pull, resulting in impermanent loss for the yield farmer.
No. 3: FRONT/BNB trading pair:
This pairing offers an APR of 122%, and FRONT is a mobile application that aggregates separate DeFi platforms and makes them compatible with each other. It also supports multiple chains, protocols, and platforms, making it a versatile choice for those looking for lower risk yield farming.
No. 2: ONE/BNB:
This pair offers an APR of 119%, thanks to ONE’s sharding protocol that enables cross-chain asset transfers with Ethereum, Binance, and other chains. Furthermore, ONE has an active community, consistent development, and a specific focus on making NFT trading on Ethereum better, cheaper, and faster.
No. 1: CAKE/BNB:
This is the PancakeSwap yield farming mainstay, offering an APR of 65%. CAKE incentivizes liquidity provision on the PancakeSwap platform, and the token was launched in September 2020 during the food-themed DeFi craze.
Yield farming pools have their own risks, mainly due to price fluctuations that can result in impermanent loss. Therefore, it’s essential to choose a yield farm pool with legitimate tokens and lower risk price fluctuations. Based on this criteria, we’ve highlighted the top 4 yield farm pools on PancakeSwap. Are you ready to try your hand at farming crypto rewards and making steady gains? Get started with PancakeSwap today.