Pancakeswap is the first and biggest crypto DEX system built on Binance Smart Chain. It is based on the BSC and uses automated trading, allows permissionless liquidity pools.

The automated market maker (AMM) provides users with a variety of cutting-edge techniques to monetize their cryptocurrency holdings. This involves yield farming, staking, and token exchanges.

PancakeSwap utilizes the BSC network and BEP-20 currencies rather than the Ethereum blockchain. Cake is the Dex centered token.

Cake is the governance token of the Dex, Liquidity providers earns Cake as a reward for their liquidity provision. Cake can also be staked to earn more rewards, as well as transactions fees as benefits for Cake holders.