Thread by @AltCryptoGems

➡️STAKING GUIDE ⬅️

I often get asked how to earn a passive income by staking. A good example of coins to stake are $CAKE, $WAULT, $WEX, $BUNNY and $ELE.

I'll be posting images/explaining how to stake in this thread, using the Wault Finance platform as an example.

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First of all, navigate to the farms page of your preferred platform (Wault/PancakeSwap etc.).

Link for $WAULT:
app.wault.finance/#Farm

Have a look at the APR's and decide what you're going to farm. I'll be choosing WEX-BNB as an example, as it has the highest APR rewards.

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Click the button 'Get WEX-BNB Cake-LP'. You'll be forwarded to the PancakeSwap buy screen to buy WEX.
Here you are able to purchase WEX with whatever coin you have.

Decide how much you want to farm with.
When farming, you need the same value of both tokens in the pool.

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So, say you have $10,000 to farm with, you need $5,000 worth of #BNB as well as $5,000 worth of $WEX.

Once you've purchased that, head over to the 'Liquidity' tab on PancakeSwap.

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Now click 'Max' on $WEX. The equivalent amount of #BNB will automatically fill in, and click the 'Supply' button.

Remember, you need the same $ value in both tokens to supply!

You will now exchange your BNB and WEX for WEX-BNB CAKE LP tokens.

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Once you have your LP tokens, head back over to Wault Finance.

Open up the WEX-BNB CAKE LP pool, and click on the 'MAX' button below your LP balance, and then click 'STAKE'.

After a while you will see your LP tokens below the 'LP STAKED' section.

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Once that is done, congratulations, you're now earning $WEX automatically!

Everyone once in a while (I do it 2x a day) I claim my earned $WEX

Click the 'CLAIM' button that's on the right side of your chosen pool. You will then receive the $WEX you earned into your wallet.

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You are then free to decide what to do with your $WEX.

I choose to stake it into the $WEX auto-compounding pool to earn more $WEX. NOTE: You do not need a pair for this pool, all you need is $WEX.

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This was an example of how to stake on $WAULT and using $WEX/#BNB.

There are a lot more options in regards to staking, but the idea is the same. Have a look at $ELE (Eleven.Finance), PancakeBunny and Pancakeswap as well to stake.

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I currently stake my $CAKE at PancakeBunny (pancakebunny.finance/farm/CAKE)

I stake my $WEX at Wault:
app.wault.finance/#farm

I stake my $ELE at Eleven Finance:
eleven.finance/#/

Hope you guys learned something from this thread!

Please leave a like/Retweet if you did! ❤️

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