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What is PancakeSwap (CAKE)?

What is PancakeSwap (CAKE)?



What is PancakeSwap?

Launched in 2020, amidst the decentralized exchange (DEX) madness that swept the crypto world, PancakeSwap is the first-ever DEX built on the Binance Smart Chain (BSC). PancakeSwap enables crypto token swapping, staking, and yield farming. For staking tokens in the protocol’s liquidity pools, liquidity providers (LP) earn rewards in the form of the protocol’s native token CAKE. CAKE can then be sold for cash if they like on other platforms. 

If they want to earn even more, then traders can multiply their CAKE rewards by staking in PancakeSwap Syrup Pools. Eventually, PancakeSwap added an NFT marketplace, prediction market, lottery system, and more functionality to the protocol, making it one of the most well-rounded DEXs out there. 

What is the PancakeSwap price?

YouHodler aggregates prices from top centralized exchanges to provide an accurate PancakeSwap price and charts. 

Where to buy PancakeSwap?

The easiest way to buy PancakeSwap is to purchase it through a crypto app like YouHodler. Our universal cryptocurrency exchange service lets you convert any crypto, fiat, or stablecoin with competitive fees.

How to earn interest in PancakeSwap?

The best way to earn interest on PancakeSwap is by depositing it in a YouHodler savings account. Interest payments occur weekly and YouHodler features compounding interest. 

How to Trade PancakeSwap?

Leverage market volatility to stack your crypto portfolio and trade PancakeSwap with Multi HODL. Multi HODL is a user-friendly tool to take advantage of market swings in either direction. Become an “active HODLer” today.

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