PancakeSwap - Cake Token

How to buy and stake cake on pancakeswap?

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PanCakeSwap is a decentralised exchanger based on Binance smart chain. It uses an automated market maker model. In this model, you do not trade using an open order book but you trade against a liquidity pool. Therefore, people can add liquidity and earn rewards. The tokens are Bep20 tokens based on Binance smart chain.



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Liquidity provider gets rewards from a portion of trading fees. Cake is the governance token of PanCakeSwap but you are required to have Bnb coin for network fees.

You not only get rewards by depositing your funds to liquidity pool but you can also stake the governance token CAKE to earn even more CAKE.

There are liquidity pools available in many flavours.
Here in this video, you can get information about how you can swap tokens through Bnb and stake to earn rewards.
I have taken an example of Cake.

Check that out for more.

Note- This video is made foe educational purpose only. You must do your own research before applying anything into actions. This is not a financial advice.

Music- Salty People
Musician- Sunmer Soul

#pancakeswap #cake #binance

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Aarav Kumar
Aarav Kumar
4 months ago

which app

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