I am sure a few of you have heard the word PANCAKE SWAP. IT is more or less a DEFI based Protocol. It is built on Binance Smart Chain (BSC) and is offering a few interresting features. The You can either stake your CAKE token to earn CAKE. CAKE is the own token which you can use for everything. As example on the home page they are quoting it like that. The landing page for PANCAKE is https://pancakeswap.finance/
PancakeSwap is a Decentralized Exchange (DEX) built on top of Binance Smart Chain (BSC). It is the biggest Automated Market Maker (AMM) based exchange in BSC. Binance Smart Chain has much lower transaction fees than Ethereum. Users can find the network’s performance through Pancakeswap’s analytic page.
What can you earn
First of all you can earn CAKE via staking CAKE. This is a good option to increase your cake volume. It is also an interesting coin, because the last days have given massive gains to the holders. Here is an Image from Coingecko, based from the data of 30.03.2021. But we are still 15 percent from All time high.
Pancake defines the earing opportunities in different sections. First of all you can ear via adding liquidity. As always. But I want to focus today on the so called SYRUP pool. They have interesting project, where you can earn tokens via adding CAKE tokens. As example at the moment they have SAFEPAL ; TXL ; and some other new project. I also want to say, that i am looking for project with more than 100% APY. Another interesting thing is, that some of the new featured pools are not listed on BINANCE. Which could , and this shows data from the past would increase the price if listed, and me be a good opportunity to sell on a new ATH. But it is all about timing and about the fundamentals. Here are some projects.
Only a few of the pools, as you can see more than 100% APY.
It is worth it?
PANCAKE Swap is featured buy BINANCE or in other words you can buy tokens on BINANCE and transfer them via the Binance SMART Chain to Pancake SWAP. Also vice verca. Which means at the moment low fees and a maximum on speed. I am using it but hey, dudes and dudettes it is up to you.
But as always this is not a financial advise this is only my way of thinking. Be careful, take profits and remember you can loose all your money. I also added some of my affiliate links in the box. If you need an discount of 10% on BINANCE you can use this one. And if you want to participate on other projects. As example DEFI please use the link to receive a sign up bonus about 20$ after your first deposit. Stay save and make good gains.
- CakeDEFI – Provides the DFI token and offers an easy staking plattform . Use the link and receive 20$ in DEFI after your first deposit
- PEAK DEFI - Is an interresting project
- BITPANDA – Here you can buy and trade the BEST Token
- BINANCE – register and they will give you a 10% discount
- NEXO Finance - Here you get high interrest rates on crypto an FIAT assets.