1H
-1.99%$0.0404
24H
-1.69%$0.0342
7D
11.3%$0.2012
30D
-24.2%$0.6350
PancakeSwap (CAKE) has experienced a remarkable surge of over 100% in the past week, riding on the broader recovery of the BNB ecosystem.
PancakeSwap has now burnt a total of 8.9 million CAKE as it looks to enhance ecosystem valuation.
PancakeSwap closes 2024 with unprecedented $310 billion trading volume, showcasing massive growth through Layer-2 networks like Arbitrum and Base, while introducing innovative features like SpringBoard.
PancakeSwap unveiled its SpringBoard platform, enabling seamless token creation on BNB Chain without coding expertise.
The PancakeSwap MEV guard will protect users from unfair prices and enhance trading security on the BNB chain.
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.
Cryptocurrencies are often traded in units of smaller denominations than their base units. These smaller divisions of cryptocurrency allow for more precise pricing and can make it easier to trade fractional amounts of a currency. In this guide, we will explain the most common denominations and what they mean.
Decentralized finance has been at the center of the cryptocurrency blaze recently, and the liquidity pool is an essential aspect of DeFi. In this article, we’ll be describing the concept of liquidity pools, explain why we need them and how they work.
