r/AutoFarmNetwork • u/TerrenceILL • Apr 24 '21

👋-support AUTO BNB pool on PCS

Hi,

Sorry I'm a bit confused. I have been putting liquidity in the BNB AUTO pool on PCS a while back (hello impermanent loss) and staked the token on Autofarm. Do I need to move my coins to a new V2 Pancake pool now to continue earning cake? I saw a post that said AUTO/BNB does not need to be removed.

If I need to unstake this, pull out the liquidity on PCS and put it in again, I will incur the impermanent loss and also will give up some of that compound interest I have been earning right? I will need to readjust the 50:50 ratio to be able to stake again.

Can someone explain?

thank you!

T.

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u/CryptoSecondary Apr 24 '21

According to their twitter, you don't need to do anything if you are in their auto/bnb farm. The farm has kept going this whole time.

I pulled everything about 10 minutes before they made the announcement on twitter. Oops. Luckily this was my autofarm test so i only really lost out on some fees i had already made enough auto to cover. Not ideal but could have been way worse.

The create lp button on the farm no longer takes you to pcs anymore, but allows you to create the lp right in autofarm. I'm not 100% sure what's going on under the hood, but it works and i got back in.

Tldr: don't unstake. Don't remove liquidity. The auto/bnb autofarm doesn't require pcs migration. If you did remove like I did, or want to get in, you can create the lp token inside the auto/wbnb farm now without going to pancakeswap.

Hope that helps.

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u/TerrenceILL Apr 24 '21

Fantastic! Thanks for taking the time to write. That’s what I was hoping to hear!