Step by Step Guide to Stake GUM— BNB LP tokens and CAKE to earn GUM on PancakeSwap Syrup Pool
Stake delicious CAKE and Earn GUM— Stake GUM| BNB LP Token and Earn GUM
Gourmet Galaxy is excited to announce GUM BEP 20 is now part of the Syrup Pool by Pancakeswap a leading AMM on Binance Smart Chain. Users can earn both $CAKE and $GUM by doing the below activities. We thank the PancakeSwap team for considering GUM.
Note: To use PancakeSwap, you need to have GUM BEP20, you can either buy it from PancakeSwap or convert your GUM ERC20 to BEP20 using GUM Binance Smart Chain bridge. Here is the guide:
There are two ways for users to participate in Syrup Pool:
- Stake CAKE and Earn GUM
- Stake GUM | BNB LP Tokens to farm $CAKE
1. Step by Step guide to Stake CAKE and Earn GUM
Step 1. Visit https://pancakeswap.finance/pools and Select GUM Syrup PooL
Connect wallet -> Click on “Pools”
Note: If you are choosing Metamask when connecting wallet with PancakeSwap make sure you switch the network to Binance Smart Chain.
Step #2: Select GUM from the Syrup pool
Note: Make sure you have CAKE token in your wallet.
Select the GUM pool -> Click on “Approve CAKE” -> Approve the transaction on Wallet.
As you click on Approve CAKE it would connect to your wallet, accept the transaction which reflects.
Now select the + button and add amount of CAKE you want to stake or can also click on max and click confirm it would again reconnect the wallet, accpet the transaction.
Deposit CAKE token as per your wish or you can also choose “Max” option -> Click “Confirm”
Congratulations CAKE tokens are staked, you will now start earning $GUM rewards 🎉.
2. Step by Step guide to Stake GUM| BNB LP Tokens
Step 1. Visit https://pancakeswap.finance/
On the left side of the screen, you would find Trades, click on Trades 🔽 and Select Liquidity
Connect wallet -> Click on “Trade” -> Choose “Liquidity”
Note: If you are choosing Metamask when connecting wallet with PancakeSwap make sure you switch the network to Binance Smart Chain.
Step #2: Provide GUM— BNB liquidity into the pool
Click on Select a token and use the following $GUM BEP20 contract address to add the GUM BEP20
Enter the amount of GUM and BNB and Click Supply
Check all the details and click “Confirm Supply” -> sign the transaction on wallet
The transaction is confirmed, you have successfully provided GUM— BNB liquidity into the pool.
After providing liquidity into the pool, you get the LP tokens which represents the share of a user in the pool. In order to earn CAKE rewards, you need to stake LP tokens.
Step 3: Now Select Farms from the Menu on the Left it would redirect to https://pancakeswap.finance/farms
Now Select GUM— BNB LP, click on Approve Contract and then Select Stake LP
Once the transaction is confirmed click on “+”, Enter the amount you of LP tokens you wish to stake or choose “Max” to stake 100% of LP tokens, Click “Confirm” Confirm the transaction on the wallet.
Click “Confirm” Confirm the transaction on the wallet.
🎉 You have successfully stake G UM— BNB LP Tokens to farm $CAKE
For any queries, reach out to us on our Telegram Chat https://t.me/gourmetgalaxy_chat
