How to add liquidity on Pancakeswap (bROOBEE/CAKE)
Last updated
Last updated
Please pay attention!
On Friday, April 23, 2021, 10:00 am (UTC+3) the migration to the version 2.0 will start at PancakeSwap, and smart contracts will be transferred to new, upgraded contracts. After the migration, PancakeSwap will stop giving out rewards for the old type of LP Tokens, and start giving rewards for the new type of LP Tokens. PancakeSwap will also make a new set of farms with the same rewards and token pairs as the old ones. The old farms will stop giving out rewards, so you’ll need to transfer to the new ones to keep farming yield. In order to get the new LP Tokens you'll need to:
1. Unstake your LP tokens from old farms
2. Remove liquidity from old type of LP
3. Add liquidity to the new type of LP
4. Restake in new farms
In this step-by-step guide, you will learn how to add bROOBEE tokens to the liquidity pool on pancakeswap.finance and start farming CAKE.
First, you need to go to this page and connect your wallet.
2. Go to the "Pool" tab and click "Add Liquidity"
3. Select the bROOBEE token and CAKE and enter the amount you want to add to the liquidity pool. You need to provide bROOBEE and CAKE in a 50/50 ratio (for example, $10 in bROOBEE and $10 in CAKE).
If bROOBEE doesn't show up in the search, please follow this link: https://exchange.pancakeswap.finance/
4. Confirm the transaction
Once the tokens are added to the liquidity pool, you'll be able to see your liquidity at the bottom of the page.
Done. You have added bROOBEE and CAKE tokens to the liquidity pool on Pancakeswap! Now you can add your liquidity in the farming section and start farming CAKE tokens!
Follow this link to learn how to do it: https://app.gitbook.com/@roobee/s/roobee-eng/pancakeswap.finance/cake-farming
Our guide on how to withdraw tokens from the liquidity pool: https://app.gitbook.com/@roobee/s/roobee-eng/pancakeswap.finance/how-to-withdraw-tokens-from-a-liquidity-pool-on-pancakeswap
