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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 a user does on PancakeSwap is routed directly through their own wallet — no need to trust someone else! | ||
* 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 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. | * 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: | * Yield farming: Allows 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. | ||
* Initial Farm Offerings (IFOs): An Initial Farm Offering is an event that lets users buy into a limited-time offer to purchase new tokens. The IFO price is usually very generous. | * Initial Farm Offerings (IFOs): An Initial Farm Offering is an event that lets users buy into a limited-time offer to purchase new tokens. The IFO price is usually very generous. | ||