What is pancakeswap (pancakeswap)?

PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool.

What is cakeswap (cake)?

PancakeSwap's CAKE Rallies 28% on Binance Announcement PancakeSwap (CAKE), a decentralized exchange (DEX) built on the Binance Smart Chain, is up 28% in the last 24 hours. This comes after PancakeSwap announced a partnership with the world’s largest cryptocurrency exchange, Binance.

Is pancakeswap the best decentralized exchange?

Due to BSC's low gas fees, Pancakeswap consistently ranks as one of the top decentralized exchanges by trading volume. If you understand Uniswap, you should understand PancakeSwap, as they do not have many inherent differences besides the networks that host them.

How do you get cake on pancakeswap?

In exchange, you receive CAKE. Syrup Pools are the main yield aggregators where you can stake your CAKE. You can also stake CAKE in Pancake Bunny Pools – new SYRUP pools where you can earn BUNNY tokens. Notably, the main Syrup Pool is for CAKE. Many PancakeSwap users deposit their tokens there to receive CAKE.