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Difference between revisions of "PancakeSwap"
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=== PancakeSwap Exchange offers: === | === PancakeSwap Exchange offers: === | ||
* Swapping/Trading: PancakeSwap lets users trade without the need to go through a Centralized Exchange. Everything | * Swapping/Trading: PancakeSwap lets users trade without the need to go through a Centralized Exchange. Everything an user does on PancakeSwap is routed directly through his own wallet — no need to trust someone else! | ||
* Liquidity Pools: | * Liquidity Pools: Users can only swap tokens on PancakeSwap if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens, it will be difficult, expensive, or impossible to do so. | ||
* | * Liquidity providers will get LP Tokens, which allows to obtain rewards in the form of trading fees for making sure there's always liquidity for the exchange to use. | ||
* Yield farming: Lets users that are providing liquidity earn CAKE rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity. | * Yield farming: Lets users that are providing liquidity earn CAKE rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity. | ||
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=== What are the fees? === | === What are the fees? === | ||
When | When user make a token swap (trade) on the exchange they will pay a 0.25% trading fee, which is broken down as follows: | ||
* 0.17% | * 0.17% — Returned to Liquidity Providers in the form of a fee reward. | ||
* 0.03% | * 0.03% — Sent to the PancakeSwap Treasury. | ||
* 0.05% | * 0.05% — Sent towards CAKE buyback and burn. | ||
=== TVL <ref>https://defillama.com/protocol/pancakeswap</ref> === | === TVL <ref>https://defillama.com/protocol/pancakeswap</ref> === | ||