Is it possible to earn passive income by providing liquidity to pools on pancakeswap ?
Yes, it is possible to earn passive income by providing liquidity to pools on PancakeSwap.
When you provide liquidity to a pool, you are essentially creating a market for the assets in the pool. You will receive rewards in the form of fees from traders who use the pool. The more liquidity you provide, the more rewards you will receive.
Additionally, PancakeSwap also offers staking rewards for users who provide liquidity to certain pools. These rewards are paid out in CAKE tokens and can be used to purchase other assets on PancakeSwap or withdrawn as cash.
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