Both Staking and Yield Farming are two great ways to passively earn money using digital cryptocurrencies. Less than 72 hours ago we published how to enjoy the Staking service that Binance gives us for different important cryptocurrencies. This time we will increase the risk of our investment, Staking the Bake token on the Bakeryswap platform. We will participate in the WAR token Pool. This token recently had a value of 2 dollars, however it has suffered a severe fall. We trust that you can return.
To work with this platform we can use Metamask or Trustwallet, among others. For this case we will use Trustwallet, the digital wallet that works on mobile devices only. Let's not forget that this app belongs to Binance, who bought it last year.
From Trustwallet we access the Dapps tab, located in the lower menu. The platform may not appear directly in featured apps, especially if you don't have the latest updated version. If this is your case, you must write in the Trustwallet search engine in the upper area the official url of the website, which is Bakeryswap.org
Within the app, do not forget that it is fully centralized and that it works within the Binance Smart Chain, we will go to the Earnings section. From here we have 2 options: the first is to do Yield Farming with LP Tokens. We get these liquidity tokens in the Bakeryswap Exchange itself, it is not necessary to do this procedure elsewhere. The second option, which is what we will do, will be to leave our Bake staking in the pools that we have at our disposal. We can narrow the search so that only the Bake Staking only appears.
In our case, we select the WAR pool. Once inside, we approve the contract, we pay the commission that the execution of the smart contract implies. Immediately after we deposit our Bake amount, we confirm through our wallet and pay the commission. All commissions are paid in BNB and lately they have become more expensive due to the influx of users that the blockchain is receiving.
From that moment on, we will be generating dividends with our Bake. You don't need to do anything else. To save commissions, do not claim your earnings daily. Do it every 15 days or once a month.
Next, I leave a video tutorial on how to do this explained step by step in Spanish.
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