PancakeSwap is the most widely used decentralized crypto platform. The service is used by more than 2.2 million customers per month, who make more than 26 million trades. PancakeSwap claims to have more than 3.4 billion euros staked in contracts – that is, total value locked, or TVL.
The PancakeSwap platform allows trading of any crypto on the Binance smartchain.
PancakeSwap implements an automated market maker architecture, which relies upon user-supplied liquidity pools to support crypto swaps. That’s why it offers users passive income for staking tokens.
In addition to swapping, trading, and staking, PancakeSwap supports NFTs, initial farm offerings, yield farms, syrup pools, and other features.
The PancakeSwap’s native cryptocurrency is called CAKE. Users can buy CAKE at PancakeSwap, earn it from participating in farms and syrup pools, or win it in an on-site lottery. Of course the best way to purchase CAKE is to buy it at Kriptomat.
Launched in 2020 by anonymous developers, PancakeSwap allows holders of CAKE tokens to vote on governance proposals.
