PancakeSwap

Decentralized finance exchange and Staking Platform

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This extension was removed from Chrome Web Store on 2021-04-27 due to Chrome Web Store policy violation

By: PancakeSwap © Official

Users: 552

Rating: 4.76 (17)

Version: 0.0.1 (Last updated: 2021-04-12)

Risk impact: Very low risk impact

Risk likelihood: Very high risk likelihood

Manifest version: 2

Size: 28.97K

Price: Free

Email: su*****@CryptoChain.org

URLs: Privacy policy

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Summary

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PancakeSwap is a decentralized exchange (DEX) powered by the Binance Smart Chain (BSC), which uses an AMM (automated market maker) model to fulfill orders. As such, PancakeSwap replaces an order book with a liquidity pool.

CAKE is PancakeSwap's base asset, which doubles as a governance token, as well as provides farming and staking functionalities. Users can get their hands on CAKE by either providing liquidity, staking or buying them on an exchange (the staking option allows holders to earn more tokens).

PancakeSwap is attempting to bridge the gap in users created by their relatively recent arrival on the DeFi scene by attracting a loyal following via lotteries, competitions and other similar incentives.