PancakeSwap is an uniswap-like DEX on Binance Smart Chain, and it also provides high yields for liquidity mining.
So, let's discover it !
disclaimer : it isn't an investment advice and it's only for educationnal purpose, please do your own research before investing
Requirements
For using pancakeswap, you will need to have a wallet handling binance smart chain (see my previous article about BSC) with at least 0.05 BNB (recommended for gas fees) !
It's the only requirement for starting using PancakeSwap !
First, an uniswap-like DEX
If there's the word swap in pancakeswap, it's because of pancakeswap is an uniswap-like (yeah, I'm repeating what I said).
Liquidity pool tokens (received while providing liquidity)
It can be found at this url !
A yield farming Dapp
On pancakeswap, there's 2 "formulas" : pools and farms.
1 - Farms
On a pancakeswap farm, users deposit liquidity tokens, and then get CAKE dividends. Liquidity tokens can be withdrawn at any time :D
link : https://pancakeswap.finance/farms
warning : tokens proportion within a liquidity token dynamically changes, so u won't get the same ratio if you WD later, please be aware of that
2 - Pools
Pools allow getting coins (distributed by launchpads) by staking CAKE, it also allow getting cake dividends :D
link : https://pancakeswap.finance/pools
