What is #PancakeSwap?
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You must hear about #UNISWAP, if yes then you must know about #SUSHISWAP as well?
All right now we have one more hot baked swap in the market called #PANCAKESWAP, Another food-themed #DeFi protocol? #PancakeSwap is a #Binance Smart Chain-based #DEX launched by anonymous devs with a penchant for breakfast foods and rabbits.
It looks a bit like Ethereum’s #SushiSwap but also incorporates some kind of staking mechanism.
#PancakeSwap is a #decentralized_exchange for swapping BEP20 tokens. It uses an automated market maker (AMM) model. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a #liquidity pool.
#PancakeSwap also allows you to farm a secondary token – #CAKE, On the farm, you can deposit your LP tokens, locking them up in a process that rewards you with #CAKE & #SYRUP Tokens.
There are features of #Adding_liquidity, #Farming, #Harvest, withing the swap, The #PancakeSwap is also coming up with two new features to the protocol #Staking and #Lottery.
PankcakeSwap is now the top exchange for binance smart chain (BSC).
