Thank You everyone for the reply. One last question: What do you think about staking Cake coin in the syrup pool on Pancakeswap. Can it be considered low risk?
Not really. The risks are:
1. Pancakeswap being exploited
2. Impermanent loss from the LP
3. Binance Smart Chain going bust
Again, I'm not saying that you should or should not do it. It will just completely depend if you're willing to take the risk. Everything concerning cryptocurrencies has a good amount of risk in the first place; the safest being just holding bitcoin using a hardware wallet.
Not just Binance chain but Binance itself. The Pancakeswap like its creator Binance is centralized and that creates a single point of failure. When the government shuts down Binance for a lot of different reasons, all their products including the exchange, token swap platforms, centralized tokens (BNB), etc. all will go bust.