What Is PancakeSwap?
PancakeSwap is a leading decentralized exchange (DEX) on the Binance Smart Chain (BSC), powered by its native BEP-20 token, CAKE. Designed for yield farming and liquidity provision, PancakeSwap operates via an Automated Market Maker (AMM) model, enabling users to:
- Provide liquidity by staking paired tokens (e.g., CAKE-BNB) to earn LP tokens.
- Farm CAKE rewards from high-APY pools, receiving a share of trading fees.
- Stake CAKE in auto-compounding pools or Syrup pools to earn additional tokens.
- Participate in Initial Farm Offerings (IFOs) to access new BSC projects.
The platform also features PancakeSwap Futures, a lottery system, and NFT airdrops for profile achievements.
CAKE Token Metrics
| Key Data | Value |
|-------------------|---------------------------|
| Current Price | $2.25 |
| All-Time High| $44.14 |
| Market Cap | $722.7M |
| 24h Volume | $66.8M |
| Contract | 0x0e09...1ce82 (BSC) |
👉 Explore CAKE staking strategies
CAKE Token Utility
Categories:
- DEX Tokens
- Yield Farming
- Prediction Markets
- Launchpad
- Non-mineable with a flexible supply model.
FAQs
1. How do I earn CAKE?
Stake LP tokens in farms or directly stake CAKE in Syrup pools for compounded rewards.
2. What’s the risk of yield farming?
Impermanent loss can occur if paired token values diverge significantly.
3. Is PancakeSwap secure?
Yes, it’s audited and operates on BSC’s EVM-compatible chain.
Market Analysis
- Liquidity Depth: $3.9M (Bids) vs. $3.36M (Asks).
- Total Value Locked (TVL): $826.9M, reflecting strong platform adoption.
PancakeSwap remains a top-tier DEX for low-fee trading and DeFi innovation.