$4.33
1H
0.03%$0.0013
24H
-10.4%$0.5037
7D
-5.42%$0.2481
30D
-42.5%$3.20
PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE.
PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects.
Uniswap is the market leader in the DEX market with more than 43% market share. It also offers competition to some of the biggest centralized exchanges such as Coinbase.
However, this being the digital age, tokens like THORChain (RUNE), PancakeSwap (CAKE), and Calyx Token (CLX) are being created to make investing in new projects more accessible, safer, and more profitable.
As the number of self-made crypto millionaires continues to increase, you should not miss your chance. Join in today and invest now to maximize your revenue.
Any investors who are looking for a new crypto that could potentially make you a millionaire should look no further than Logarithmic Finance (LOG).
The new PancakeSwap Mini Program seeks to bridge the gap between DeFi and the centralized world while offering a seamless experience to Binance App users to participate in DeFi.