PancakeSwapCAKE
Overview
What is PancakeSwap?
PancakeSwap is a non-custodial exchange protocol built on Binance Smart Chain and other blockchains (originally a fork of Uniswap). PancakeSwap was founded by an anonymous team and launched in 2020.
How does PancakeSwap work?
Liquidity providers deposit funds into PancakeSwap and receive trading fees from traders (supply-side fees).
Who governs PancakeSwap?
CAKE tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.