PancakeSwap CAKE
Token exchange and governance.
PancakeSwap provides token-exchange services across supported networks. CAKE is its ecosystem and governance token.
What is PancakeSwap?
PancakeSwap lets users swap tokens through smart contracts and liquidity pools. CAKE gives holders a role in community voting under the current rules. Holding CAKE is separate from providing liquidity or using other products.
Trading and liquidity provision can cause losses. Network gas, service fees, and token rules vary; CAKE does not guarantee income or ownership of a company.
Why people pay attention
Token swaps
Pools support exchanges between compatible assets.
Liquidity
Providers supply assets to particular pools.
Community voting
CAKE holders can vote on proposals under platform rules.
Origins & development
PancakeSwap launched in 2020. Its products and CAKE voting rules have changed over time, so older veCAKE descriptions should not be assumed current.
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