As we mentioned earlier, there is more to PancakeSwap than just staking LP tokens. A simpler and easier way to earn tokens and still contribute to liquidity is through staking non-LP tokens in Syrup Pools.
Unlike staking LP tokens, you only need one type of token to start earning. By agreeing to lock your tokens for some time in a liquidity pool, you are rewarded with interest in the form of tokens. Most pools let you stake CAKE and earn CAKE, but there are some special pools that let you stake or earn other tokens as well. After the tokens have been staked for some time, you can harvest these rewards by withdrawing the liquidity.
It’s worth noting that when staking tokens in Syrup Pools you will see two different types of pool: manual and auto. With an auto syrup pool, your stake will be automatically compounded for you. Whereas, a manual syrup pool, you’ll need to harvest or compound your rewards by yourself. This takes a little extra work, but it can be worth it if you like to have a little more control over your staking.
Okay, so how do you actually stake on PancakeSwap? Whether you are on mobile or your desktop web browser, staking on PancakeSwap only takes a few steps. Once you’ve bought your tokens and linked your wallet, you can follow this step-by-step guide to start staking and earning on PancakeSwap: