PancakeSwap is a decentralized exchange (DEX) built on BNB Chain, allowing users to trade tokens without a centralized exchange. It offers a variety of features for traders, investors, and DeFi enthusiasts.
Key Features of PancakeSwap
  • Swap Tokens – Trade crypto easily without an intermediary.
  • Yield Farming – Earn rewards by providing liquidity.
  • Syrup Pools – Stake CAKE tokens for extra rewards.
  • Ethereum Liquid Staking (wBETH) – Earn while staking Ethereum.
  • NFT Marketplace – Buy, sell, and trade NFTs.
  • Lottery & Prediction Markets – Win prizes based on market trends.
In April 2023, PancakeSwap introduced "Ultrasound CAKE", a model that:
  • Burns over 102% of minted CAKE weekly to control supply.
  • Encourages long-term staking to increase token value.
  • Reduces token emissions to make CAKE more sustainable.
The latest V3 upgrade brings:
  • Lower Trading Fees – New fee tiers (0.01% to 1%) based on trading volume.
  • Higher Earnings – Liquidity providers can focus their funds on key price ranges for up to 4000x better capital efficiency.
  • Auto-Compounding Rewards – The Position Manager automatically reinvests fees and rewards, increasing earnings over time.
Year of launch:
2020
Token Max Supply:
450,000,000