Cashaa Fi Staking: How to stake CAS tokens on the Polygon Mainnet to earn 30% rewards

Cashaa Fi Staking Overview:

The staking initiative will allow CAS holders to quickly and easily stake their tokens on the Polygon to earn rewards — both in CAS as well as MATIC tokens.

By providing rewards in both CAS and MATIC tokens, the Cashaa staking application will help the CAS community easily gain access to the Polygon DeFi landscape while simultaneously ensuring users can continue to use Cashaa Fi DeFi tools such as the Cashaa Bridge and other upcoming initiatives.

 

Pre-requisites for accessing Cashaa Fi Staking:

  1. MetaMask — Polygon Network must selected on your MetaMask Wallet.
  2. CAS token (Polygon Version). Don’t have CAS (Polygon), click here to view article on how to convert your CAS(BEP-2) to CAS(Polygon)
  3. MATIC balance to pay for the associated transaction fees.
DISCLAIMER: ALL IMAGES SHOWN ARE FOR ILLUSTRATION PURPOSES ONLY. ACTUAL STAKING PEROID AND REWARD WILL VARY.

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1.1 Connect MetaMask wallet to Cashaa Fi Staking

Please ​head over to https://polygon.cashaa.com/ and follow below steps.

Note: Please make sure Polygon Network is selected first on your MetaMask Wallet.

Step 1. Click on “Connect Wallet” to connect to your wallet. Allow all the necessary permissions to your MetaMask Wallet to get connected. Please refer image below:

 

1.2 Stake CAS on Cashaa Fi Staking.

Note: Please make sure Polygon Network is selected first on your MetaMask Wallet.

Step 1. Click “Stake CAS”. Please refer image below:

Step 2. You will see your wallet balance. Fill in the amount you wish to stake and click “Stake”. Please refer image below:

Step 3. Once you click on “Stake” in step 2, you will be prompted first for an approve transaction in MetaMask. Click “Confirm” and wait for the transaction to complete. Please refer image below:

Step 4. Click “Confirm” again to stake your CAS token. Please refer image below:

Step 5. Congratulation, You have successfully staked your CAS. Confirmation screen will look as mentioned in the below image:

Note: If balance is not updated automatically then try disconnecting your wallet first and then re-connect your wallet to see updated balance.

Depending on the network congestion and internet speed, each step in the above flow might take upto 60 secs.

 

1.3 Step to Withdraw Rewards of Cashaa Fi Staking.

Note: Please make sure Polygon Network is selected first on your MetaMask Wallet.

Step 1. Rewards are only withdraw-able once staking period is over. Once the lock-in period is over, connect your wallet that you used for Cashaa Fi Staking as explained in section 1.1. Navigate to “Withdraw Tokens” and click “Withdraw All”. Please refer image below:

Step 2. Click “Confirm” to unlock your staked CAS tokens as well as CAS and MATIC reward tokens. Please refer image below:

Step 3. Once transaction completed a pop up message “Withdrawal successful” appear on screen as shown in image below:

Step 4. Congratulation, You have successfully withdrawn your CAS & MATIC rewards. Please refer image below:

Note: If balance is not updated automatically then try disconnecting your wallet first and then re-connect your wallet to see updated balance.

 

The Cashaa Team

The Next Generation Banking Platform

 

How to Transfer CAS (BEP-20) from Binance Smart Chain (BSC) to Polygon Network (Matic) and (Vice Versa) Using CashaaFi Bridge

How to Transfer CAS (BEP-20) from Binance Smart Chain (BSC) to Polygon Network (Matic) and vice-versa Using CashaaFi Bridge

 

What is CashaaFi Bridge?

The CashaaFi Bridge is an easy-to-use cross-chain bridge that allows users to easily move their CAS tokens between multiple blockchains. This will help CAS tokens find utility across multiple blockchains, while also taking advantage of lower gas fees in other blockchains compared to its parent Binance Chain.

To begin with, it will connect the Binance Smart Chain and Polygon blockchain networks.

 

Pre-requisites for accessing CashaaFi Bridge:

  1. MetaMask — How to Install and add custom network (Binance Smart Chain & Polygon).
  2. Cross chain — Sending tokens to the MetaMask Wallet by swapping CAS (BEP-2) on the Binance Chain to CAS (BEP-20) on the Binance Smart Chain.
  3. BNB & MATIC balance to pay for the associated transaction fees.

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MetaMask:

1. Installing MetaMask on your device.

In this quick step-by-step tutorial, we will show you how to install and add Binance Smart Chain and Polygon (MATIC) Network to the list of networks on MetaMask. It is a very simple process and there is nothing to worry about. We’ll be done in no time!

Here we go.

  • Download MetaMask from their official website. They offer extensions for the browsers Chrome, Firefox, Brave and Edge, as well as apps for both iOS and Android.
  • Create a wallet: How to install MetaMask. Once you get to the seed recovery phrase, make sure to write it down on a piece of paper rather than storing it on your computer or phone. Store it carefully, as losing it might mean losing all your crypto.
  • Congratulations! You’ve just created a MetaMask account. It should look something like this. You can create multiple accounts for all your purposes at the click of a button. For more details please visit their Support page.

1.1 How to add custom network (Binance Smart Chain & Polygon Network) to MetaMask Wallet.

Step 1: Click on the Account button.                                                  Step 2: Go to “Settings”.

                                                   

Step 3: Click on “Networks”.                                                                 Step 4: Click on “Add Network”.

                                                       

 

Step 5: Fill-in the details as shown in the image below and then click on “Save”:

                                                           

Network Name: Binance Smart Chain MainNet                            Network Name: Polygon MainNet

New RPC URL: https://bsc-dataseed.binance.org/                       New RPC URL: https://polygon-rpc.com/ 

ChainID: 56                                                          ChainID: 137

Symbol: BNB                                                          Symbol: MATIC

Block Explorer URL: https://bscscan.com                              Block Explorer URL: https://polygonscan.com

                                                   

 

Step 6: You are all set! Well, done.

                                                   

Warning: Please note that Binance Smart Chain (BSC) is different from Binance Chain. Binance Smart Chain is a Ethereum compatible smart contract platform. You can tell the network is BSC instead of Binance Chain as BSC addresses start with “0x” (followed by the address), while Binance Chain starts with “bnb” (followed by the address). MetaMask wallet currently doesn’t support the Binance Chain.

 

1.2 How to add CAS Token (BEP-20 & Polygon ERC-20) to MetaMask Wallet.

                                                   

Step 1: Select BSC MainNet, Click “Assets” and “Add Token”.         Step 1: Select Polygon MainNet, Click “Assets” and “Add Token”.

                                                       

 

Step 2: Enter the details as shown below & Click “Next”.                  Step 2: Enter the details as shown below & Click “Next”.

Contract Address: 0x780207b8c0fdc32cf60e957415bfa1f2d4d9718c   Contract Address: 0xEC4fe610B4107C95b56dECC885089c06f85a63cb

Symbol: CAS                                                    Symbol: CAS

Decimal: 18                                                    Decimal: 18

*Note: Token Symbol and Decimal will be fetched automatically once you enter Token Contract Address. Also never type Contract Address by hand, always copy paste it.

                                                       

 

Step 3: Click “Add Tokens”.                                                                    Step 3: Click “Add Tokens”.

                                                     

 

Step 4: Select your Account to view CAS on main dashboard.       Step 4: Select your Account to view CAS on main dashboard.

                                                     

 

Step 5: CAS(BEP-20) on BSC Chain added successfully.                 Step 5: CAS(ERC-20) on Polygon Network added successfully.

                                                     

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Crosschain:

2. Crosschain Swap enables users to easily convert BEP-2 tokens to BEP-20 tokens and vice versa.

We will use Binance Chain Wallet and Trust Wallet to swap CAS (BEP-2) from Binance Chain to Binance Smart Chain (BEP-20) Network. Users have the flexibility to swap token by choosing any one of the below listed option.

Note: You can skip below First & Second Option for swapping and can directly Buy CAS (BEP-20) from Pancakeswap through your MetaMask wallet and can continue to CashaaFi bridge steps (3.1) to move your CAS (BEP-20) to Polygon Network. Please refer Buy/Sell CAS Token (Bep-20) On Pancakeswap Using MetaMask Wallet.

 

Are you ready to swap? Let’s begin!

 

2.1 Sending token To MetaMask Wallet by swapping BEP-2  to BEP-20 using Binance Chain Wallet. (OPTION 1)

 

2.1.1 Install Binance Chain Wallet Extension.

  • You can follow this guide in order to get the Binance Chain Wallet extension configured on your browser using your Gmail Account for better security: How to Setup Binance Chain Wallet Extension or,
  • Create a wallet by old method: Install Binance Chain Wallet . Once you get to the backup seed phrase, make sure to write it down on a piece of paper rather than storing it on your computer or phone. Store it carefully, as losing it might mean losing all your crypto.
  • Congratulations! You’ve just created a Binance Chain Wallet account. It should look something like this:

 

2.1.2 In order to swap the BEP-2 to BEP-20 token, you need to first deposit BNB (BEP-2) and CAS (BEP-2) tokens in your Binance Chain address (starts with “bnb”). You can send CAS(BEP-2) and BNB(BEP-2) from your Hardware Wallet (Ledger, Trezor, etc.), Centralized Exchange (Kucoin, Bitbns, MEXC) or from decentralized exchange (Binance Dex), or your Cashaa wallet. Please refer below image.

 

Step 1: Click on drop down symbol.                                                   Step 2: Select “Binance Chain  Network”.

                                                   

Step 3: Click Receive button or “ ” symbol to copy                    Step 4: Your deposited CAS & BNB

your BEP-2 address start with “bnb” for deposit.                             tokens will appear as below image.

                                                   

 

2.1.3 Now to swap to BSC Network you need to send your CAS(BEP-2) & BNB(BEP-2) to your BEP-20 address which starts with “0x”. In below example we will only swap CAS(BEP-2) to CAS(BEP-20). To swap BNB(BEP-2) to BNB(BEP-20) just select the BNB asset in place of CAS and follow the same step again. Please refer the image below.

 

Step 1: Click on drop down symbol.                                                   Step 2: Select “Binance Smart Chain Network”.

                                                   

Step 3: Click “ ” to copy CAS(BEP-20) address.                          Step 4: Now, again click on drop down symbol.

                                                   

Step 5: Select “Binance Chain Network”.                                          Step 6: Click on “Send”.

                                                   

Step 7: Enter details and Click “Send”.                                              Step 8: Click “Send” to confirm transaction.

                                                   

Step 9: Transaction successfully completed. Congratulations! CAS BEP-2 is converted to BEP-20.

                                                   

Points to remember:

  • Don’t forget to also Send BNB(BEP-2) to BNB(BEP-20) by following the same step (1-10) above.
  • Please be aware that swapping tokens will require a network fee in order to send your tokens from one chain to another. BNB is required to pay this fee. There will be no conversion fee, so you will receive the same amount of CAS tokens that you are sending.

 

2.1.4 Finally we will send CAS(BEP-20) & BNB(BEP-20) to our MetaMask wallet. In below example we will only send CAS(BEP-20) to MetaMask Wallet. To send BNB(BEP-20) just select the BNB asset in place of CAS and follow the same step again. Please refer the image below.

 

Step 1: Open MetaMask and select BSC MainNet.                         Step 2: Click “ ” to copy your BEP-20 address.

                                                   

Step 3: Click on “Send” button.                                                           Step 4: Enter details and confirm transaction.

                                                   

Step 5: Click “Send” to confirm Transaction.                                    Step 6: Transaction successfully completed.

                                                   

 

Step 7: Congratulations, CAS (BEP-20) token successfully moved to MetaMask Wallet.

Points to remember:

  • Don’t forget to also Send BNB(BEP-20) to MetaMask Wallet by following the same step (1-7) above.
  • Please be aware that swapping tokens will require a network fee in order to send your tokens from one chain to another. BNB is required to pay this fee. There will be no conversion fee, so you will receive the same amount of tokens that you are sending.

2.2 Sending token To MetaMask Wallet by swapping BEP-2  to BEP-20 using Trust Wallet. (OPTION 2)

 

2.2.1 Download and Install the Trust wallet app on your mobile device:

  • Refer to this link on how to download and install the Trust wallet (available only as mobile app) on your mobile devices (Android & IOS) – https://community.trustwallet.com/t/how-to-create-a-multi-coin-wallet/41
  • Next, follow along with the setup process in the app. Go ahead and click “Create a Wallet”. Write down the backup seed phrase somewhere secret (preferably not on an Internet-connected device). Without this phrase, your funds can’t be recovered if your device is damaged or lost. Confirm that you’ve written them down on the next page.
  • And that’s it! You should now see your wallet.

 

2.2.2 In order to swap the BEP-2 to BEP-20 token, you need to first deposit BNB (BEP-2) and CAS (BEP-2) tokens in your Trust Wallet (starts with “bnb”). You can send CAS(BEP-2) and BNB(BEP-2) from your Hardware Wallet (Ledger, Trezor, etc.), Centralized Exchange (Kucoin, Bitbns, MEXC) or from decentralized exchange (Binance Dex) or your Cashaa wallet.  In this example, we will swap 100 CAS tokens.

 

Step 1: Deposit CAS & BNB(BEP-2).                                                   Step 2: Tap on CASHAA i.e. CAS token BEP-2.

                                                   

Step 3: Tap on “More”.                                                                          Step 4: Select “SWAP TO SMART CHAIN”.

                                                   

Step 5: Fill in the amount & Tap on “SWAP” to continue.                Step 6: Confirm the transaction by tapping on Send.

                                                   

Step 7: Wait for the transaction to be processed.                            Step 8: Congratulations, CAS BEP-2 are converted to CAS BEP-20.

                                                   

Points to remember:

  • Don’t forget to also Send BNB (BEP-2) to BNB (BEP-20) by following the same step(1-8) above.
  • Please be aware that swapping tokens will require a network fee in order to send your tokens from one chain to another. BNB is required to pay this fee. There will be no conversion fee, so you will receive the same amount of CAS tokens that you are sending.

 

2.1.3 Finally we will send CAS(BEP-20) & BNB(BEP-20) to our MetaMask wallet. In below example we will only send CAS(BEP-20) to MetaMask Wallet. To send BNB(BEP-20) just select the BNB asset in place of CAS and follow the same step again. Please refer the image below:

 

Step1. Click on “Send” button.                                                             Step2. Enter details and Click “CONTINUE”.

                                                     

Step 3. Transaction successfully completed.                                    Step 4. Token successfully moved to MetaMask Wallet.

                                                     

Points to remember:

  • Don’t forget to also Send BNB(BEP-20) to MetaMask Wallet by following the same step (1-4) above.
  • Please be aware that swapping tokens will require a network fee in order to send your tokens from one chain to another. BNB is required to pay this fee. There will be no conversion fee, so you will receive the same amount of tokens that you are sending.

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CashaaFi Bridge Overview:

  • The CashaaFi Bridge is an easy-to-use cross-chain bridge that allows users to easily move their CAS tokens between multiple blockchains to take advantage of the best of DeFi offerings across blockchains.
  • The CashaaFi Bridge will initially support Binance Smart Chain <-> Polygon transfers, but will eventually be expanded to support other popular blockchains.
  • With the Binance Smart Chain to Polygon bridge, CAS holders will be able to leverage Polygon’s ultra-efficient layer-2 blockchain to minimize transaction fees while transacting with CAS and gain access to Polygon’s blossoming DeFi ecosystem.

 

3.1 How to Connect MetaMask wallet to CashaaFi Bridge

Please ​head over to CashaaFi Bridge and follow below steps.

Step 1. Click on “Connect Wallet” to connect your Account. Allow all the necessary permissions to your MetaMask Wallet to get connected. Please refer image below:

Step 2. Once connected, select any appropriate FROM-TO chain via the drop down, also on selecting the appropriate FROM chain, the TO chain is automatically configured. You may also click on the Arrow Button to switch networks back and forth. Please refer image below.

 

3.2 How to Transfer CAS from Binance Smart Chain to Polygon Network (BSC-POLYGON)

Note: Please make sure Binance Chain Wallet (BSC) Network is selected first on your MetaMask Wallet.

Step 1. Fill in the amount you wish to transfer via the bridge and click “Confirm Transfer”. Please refer image below.

Step 2. Once you click on “Confirm Transfer” you will be prompted first for an approve transaction in MetaMask. Click “Confirm” and wait for the transaction to complete. Please refer image below.

Step 3. Click “Confirm” again to lock your token. Please refer image below.

Step 4. You will see the message “Token Locked” indicating your transaction is broadcasted to the Network. Please refer image below.

Step 5. Finally, within a few minutes to an hour, your CAS tokens will transferred to Polygon Network. CAS balance from Binance Smart Chain will be deducted and the same will credited to Polygon Network on the same account address in your MetaMask wallet. Please refer image below.

https://bscscan.com/  (CAS Deducted)

https://polygonscan.com/  (CAS Credited)

Note: Please be aware that swapping tokens will require a network fee in order to send your tokens from BSC to Polygon Network. This fees is paid in BNB. There will be no conversion fee, so you will receive the same amount of CAS tokens that you are sending.

 

3.3 How to Transfer CAS from Polygon Network to Binance Smart Chain (POLYGON-BSC)

Note: Please make sure Polygon Network is selected first on your MetaMask Wallet.

Step 1.  Select Polygon-BSC Network with the help of arrow and fill in the amount you wish to transfer via the bridge. Once you click on “Confirm Transfer” you will be prompted for the locking tokens transaction. Please refer image below.

Step 2. You will see the message “Tokens Locked” indicating your transaction is broadcasted to the Network. Please refer image below.

Step 3. Finally, the tokens get transferred to BSC Network. CAS balance will be deducted from Polygon Network and the same will credited to Binance Smart Chain Network. Please refer image below.

https://polygonscan.com/  (CAS Deducted)

https://bscscan.com/https:/  (CAS Credited)

 

Note: Please be aware that swapping tokens from will require a network fee in order to send your tokens from Polygon Network to BSC. This is paid in MATIC. There will be no conversion fee, so you will receive the same amount of CAS tokens that you are sending.

 

Happy swapping!

 

The Cashaa Team

The Next Generation Banking Platform

How To Add a Recipient To Send Cryptocurrency Through The New Platform

Please ​login on https://platform.cashaa.com/ and follow these steps to add a recipient in Cashaa wallet.

Step 1. Please add recipient in your account before sending any Cryptocurrencies. To do so, click on Add Recipient” on the left sidebar as shown in the image below:

 

Step 2. Click on Add a recipient” on top of your dashboard, please refer to the image below :

 

Step 3. Fill in the wallet address and other details of the recipient and click “Confirm”. Please refer to the image below:

Note:  If your 2FA is not enabled then you will see a warning message to enable it first as shown in the image below. To see how to enable your 2FA, please refer this “How to Enable 2FA on the New Platform”.

 

Step 4. Your recipient will appear on your dashboard as shown in the image below and then you need to verify beneficiary for sending Cryptocurrencies.

 

Step 5. You will receive a confirmation link on your email for verification. Please tap on Confirm my address” as shown in the image below:                                                                                                                                          

Note:  If you didn’t receive a confirmation link on your email automatically, then in STEP 4 click arrow and click “Get Verification Link” as shown in below image.

 

Step 6. Once you tap on Confirm my address”, you will be redirected on the link where it says “Verification Successful, then ClickContinue to your Account”.

 

Step 7. After successful verification please go to your dashboard and you will see your recipient verified, refer to the image below:

 

Step 8. Please click on Activity” on the left sidebar and tap on “Send money” at the top of your dashboard. Please refer to the image below:

 

Step 9. To Send money you need to add the Amount and confirm. Make sure the amount is greater than the minimum listed directly under this field. Please refer to the images below:Points to remember:

  • MEMO is optional. For example, you need to provide the MEMO when sending funds to another Cashaa account or to another exchange. You do not need a MEMO when sending funds to a Trust Wallet, Ledger Wallet or any other Decentralized Wallet.
  • Make sure to double-check if a MEMO is required or not. If a MEMO is required and you fail to provide it, you may lose your funds.
  • Note that some platforms and wallets refer to the MEMO as Tag or Payment ID.

 

Step 10. Tap on Recipient you want to send, please refer to the images below:

 

 

Step 11. Review details of your transfer and click “Confirm and Send”.

Warning: If you input the wrong information while making a transfer, your assets will be permanently lost. Please ensure that the information is correct before making a transfer.

 

Step 12. A pop-up window will appear asking your Account Password, please refer to the images below:

 

Step 13. If you do not want to go through verification process every time for your added recipient (In this e.g., “XYZ”) then you can choose “Skip approval request” option as shown in the image below. We strongly recommend not to use this option for better security of your Account.

 

Step 14. You will receive a confirmation link on your email to confirm your transfer/withdrawal request.

 

Step 15. Please tap on “Confirm withdraw” as shown on the image below:

 

 

Step 16. Once you tap on “Confirm withdraw”, you will be redirected on the link where it says “Verification Successful” than ClickContinue to your Account”.

 

Step 17. You have successfully completed your transfer/withdraw request. To view your request status, go to “Activity” tab and clickarrow as shown in the image below

Note:  All transfer/withdrawal requests are processed from Monday to Saturday between 10 a.m. to 8 p.m. IST.

 

Enjoy sending Cryptocurrencies!

Want to Send National Fiat Currency (USD, EUR, GBP)? Please check out our detailed step by step tutorial on “How To Add a Recipient To Send Fiat Payments Through The New Platform”.

 

The Cashaa Team

The Next Generation Banking Platform

How to make a Crosschain (Bep-2 to Bep-20 / Bep-20 to Bep-2 ) Swap for CAS token on TrustWallet.

What is Crosschain Swap?

Trust Wallet has added a new feature called Crosschain Swap that allows converting of tokens between Binance Chain Bep-2 and Binance Smart Chain Bep-20.

Crosschain Swap enables TrustWallet users to easily convert CAS BEP-2 tokens to BEP-20 tokens and vice versa.

 

Download and Install the Trustwallet app on your mobile device:

  • Refer to this link on how to download and install the Trustwallet on your mobile devices (Android & IOS) – https://community.trustwallet.com/t/how-to-create-a-multi-coin-wallet/41
  • Next, follow along with the setup specified by the app. Go ahead and click Create a Wallet. Write down the backup seed phrase somewhere secret (preferably not on an Internet-connected device). Without this phrase, your funds can’t be recovered if your device is damaged or lost. Confirm that you’ve written them down on the next page.
  • And that’s it! You should now see your wallet.

 

1. How to Swap from CAS BEP-2 To Bep-20 token:

Network Fees

Please be aware that swapping tokens will require a network fee in order to send your tokens from one chain to another. There will be no conversion fee, so you will receive the same amount of tokens that you are sending.

  • In order to swap the CAS BEP-2 to Bep-20 token, you need to deposit BNB Bep-2 and CAS Bep-2 tokens in your Binance Chain address (starts with “bnb”). In this example, we will swap 100 CAS tokens.

  • Tap at CASHAA i.e. CAS token Bep-2.

  • Tap on More and Select Swap to Smart Chain.

 

 

 

  • Fill in the amount you want to convert. Tap on Swap to continue.

  • Confirm the transaction by tapping on Send. Wait for the transaction to be processed.

  • Congratulations, you have successfully converted the CAS BEP-2 tokens to CAS BEP-20.

 

2. How to Swap from CAS BEP-20 To Bep-2 token:

Network Fees

Please be aware that swapping tokens will require a network fee in order to send your tokens from one chain to another. There will be no conversion fee, so you will receive the same amount of tokens that you are sending.

  • In order to swap the CAS BEP-20 to Bep-2 token, you need to deposit BNB Bep-20 and CAS Bep-20 tokens in your Binance Smart Chain address (starts with “0x”). In this example, we will swap 100 CAS tokens.

  • Tap at Cashaa Token i.e. CAS token Bep-20.

  • Tap on More and Select Swap to Binance Chain.

 

  • Fill in the amount you want to convert. Tap on Swap to continue

 

  • Confirm the transaction by tapping on Send. Wait for the transaction to be processed.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Congratulations, you have successfully converted the CAS BEP-20 tokens to CAS BEP-2.

 

Add/Remove Liquidity on Pancakeswap

How to Add/Remove Liquidity on Pancakeswap using MetaMask Wallet:

To Add/Remove liquidity at Pancakeswap then certain prerequisites are needed.

  1. Setup Metamask wallet at your desktop browser.
  2. Switch Metamask wallet default Ethereum Mainnet to Binance Smart Chain Mainnet.
  3. Link Metamask wallet to the Pancakeswap Exchange.
  4. Deposit BNB Bep-20 to buy Cas token Bep-20.

The above Steps from 1 to 4 are already explained in the following article and kindly refer to this link (https://help.cashaa.com/knowledgebase/buy-sell-cas-token-bep-20-on-pancakeswap-using-metamask-wallet).

To Add liquidity:

  • Sufficient (BNB & Cas) Bep-20 tokens are needed in your wallet to provide liquidity.
  • Open this link at your Metamask installed browser -> https://pancakeswap.finance/
  • Please navigate to Trade and click Liquidity and then select Add Liquidity as shown in the below image.

  • Choose BNB and CAS from the Input box.

 

  • Choose how many tokens you wish to add to one half of the pair – the other half will auto-fill. This is due to the pairing needing to be of equivalent value. Details will be provided on your proportional share of the pool, which will dictate the amount of liquidity provider (LP) tokens you receive. The LP tokens will be named in accordance with the pair of tokens you provided, so in this case, the tokens would be named BNB-CAS LP.

  • A pop-up window appears and check the details and click Confirm Supply.

  • Metamask pop up window appears and Check the details and select Confirm.

  • Transaction submitted pop-up window appears and click the View on Bscscan to check whether the transaction is successful or not.

  • That’s it, liquidity was added successfully to the BNB-CAS LP.

 

To Remove liquidity:

  • Open this link at your Metamask installed browser -> https://pancakeswap.finance/
  • Please navigate to Trade and click Liquidity and then select Remove as shown in the below image.

  • Choose the percentage of tokens you want to remove from the liquidity pool and then Select Approve and Remove.

  • A pop-up appears and check the details and click Confirm.

  • Metamask pop up window appears and Check the gas details and select Confirm.

  • Transaction submitted pop-up window appears and click the View on Bscscan to check whether the transaction is successful or not.

  • That’s it, liquidity was removed and your (BNB & CAS) Bep-20 tokens are returned back to the wallet.
  • You will receive your share of the token pool plus any additional tokens earned from trading fees, which you get for being a liquidity provider.
  • The PancakeSwap transaction fee is 0.2%, with 0.17% of that going to liquidity providers.
  • Keep in mind that the number of tokens you receive may be different to what you originally deposited due to impermanent loss.

Impermanent loss

Impermanent loss is a major risk with providing liquidity to an AMM like PancakeSwap. This is a potential loss incurred by the change in the number of tokens you receive when you take your tokens back out of a pool.

This occurs because liquidity pools operate on a ratio-based algorithm – the value of both tokens (in dollar terms) must remain balanced.

If the value of one token in a pair changes, the ratio of tokens in the pool will be altered. This can result in users withdrawing from the pool with more of one token than the other. This could ultimately result in a loss depending on how the market moves.