pancakeswap

 PancakeSwap is a decentralized exchange (DEX) powered by the Binance Smart Chain (BSC), which uses an AMM (automated market maker) model to fulfill orders. As such, PancakeSwap replaces an order book with a liquidity pool. CAKE is PancakeSwap's base asset, which doubles as a governance token, as well as provides farming and staking functionalities. Users can get their hands on CAKE by either providing liquidity, staking or buying them on an exchange (the staking option allows holders to earn more tokens). PancakeSwap is attempting to bridge the gap in users created by their relatively recent arrival on the DeFi scene by attracting a loyal following via lotteries, competitions and other similar incentives. The food-based farming craze has captivated participants in the crypto space for months. In the latest wave of DeFi protocols, we’ve seen numerous platforms emerge that allow users to stake their funds in return for the protocol’s tokens. The bulk of this activity has been concen