Cryptocurrency Q&A
What is CAKE on PancakeSwap?
What is CAKE on PancakeSwap?
Nicola
Sat Oct 26 2024
|
7 answers
1230
I'm curious about CAKE on PancakeSwap. I've heard about it and want to understand what it is, its function, and how it fits into the PancakeSwap platform. Could someone explain this to me?
7 answers
BonsaiStrength
Mon Oct 28 2024
Users who contribute to these liquidity pools are recognized as liquidity providers.
Was this helpful?
262
47
EchoWave
Mon Oct 28 2024
In recognition of their contributions, liquidity providers on PancakeSwap are rewarded with the native token known as CAKE.
Was this helpful?
297
52
Martina
Mon Oct 28 2024
The CAKE token serves as a fundamental element within the PancakeSwap ecosystem.
Was this helpful?
61
37
SsamziegangSerenade
Mon Oct 28 2024
The CAKE token acts as an incentive for users to participate in liquidity pools, ensuring the platform's liquidity remains robust.
Was this helpful?
85
98
EthereumElite
Mon Oct 28 2024
PancakeSwap operates on the Automated Market Maker (AMM) exchange model, mirroring the strategies employed by Uniswap and SushiSwap.
Was this helpful?
47
39
Load 5 more related questions
