PancakeSwap offers token swaps, liquidity farming, staking, and lotteries on BNB Chain, Ethereum, and more. Discover the platform's core features.
What is PancakeSwap?
PancakeSwap is a multi-chain DEX with an AMM model, allowing users to trade against pre-funded token pairs. Launched in 2020 on the BNB Chain, it now spans multiple networks including Ethereum, Arbitrum, and Polygon. The platform is known for its low fees, fast transactions, and wide selection of tokens.
Getting Started with PancakeSwap
Begin by installing MetaMask or Trust Wallet. Add the appropriate network; for BNB Chain use Chain ID 56. Then acquire tokens for gas and load up tokens you wish to trade.
Core Features of PancakeSwap
PancakeSwap's core functionality includes token swapping and advanced trading options like TWAP for large trades and limit orders. The platform also allows earning CAKE through liquidity farming and staking.
PancakeSwap combines swapping, farming, staking, and additional features across multiple blockchains, making it a suitable platform for both newbies and experienced DeFi users.
