$CAKE PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC), enabling users to trade BEP-20 tokens securely and efficiently without relying on centralized intermediaries. As an Automated Market Maker (AMM), it facilitates token swaps through liquidity pools provided by users.

The native token of PancakeSwap, CAKE, serves multiple purposes within the ecosystem:

• Governance: CAKE holders can participate in the decision-making process by voting on proposals that shape the platform’s future.

• Staking: Users can stake CAKE tokens in “Syrup Pools” to earn additional CAKE or other tokens, incentivizing liquidity provision.

• Yield Farming: By providing liquidity to various pools, users receive LP tokens, which can be staked to earn CAKE rewards.