In the early days of crypto, investors were forced to rely on centralized exchanges and banks to trade and book their profits. Today, between Curve Finance, SushiSwap and Uniswap – we’re spoiled for choice! PancakeSwap is the latest DEX to land onto ZebPay. DeFi’s growth is a sign of the blockchain industry evolving as a whole.
You can read more about the evolution of decentralized finance here.
While Uniswap is currently the unquestioned leader among the world’s decentralized exchanges, it has spawned a number of clones. It’s now-iconic swap interface has since been copied endlessly by Sushi, Pangolin, and Quickswap.
PancakeSwap is one of these clones, and UNI’s closest competitor. It carves a niche for itself with an architecture built on the Binance Smart Chain. At the time of writing, it is the leading DEX on the Binance Smart Chain, with $100 million in 24 hour daily trading volume.
PancakeSwap helps you make the most out of your crypto in three ways: Trade, Earn, and Win.
↔️ Trade – Instantly swap crypto tokens: no registration or account needed.
💸 Earn – Earn CAKE and other tokens for free with super high interest rates. Syrup Pools are the simplest way to earn free tokens on PancakeSwap. Stake CAKE, earn free tokens.
🎲 Win – PancakeSwap makes making money fun. Millions of dollars regularly go up for grabs on the PancakeSwap Lottery, with as many as 11,000 player participating daily.
Want to learn about how different DEXes work? You can read about the other DEX tokens on ZebPay here.
What’s next for CAKE?
The exchange turned two only a few days ago, and has big plans following the celebration. The chefs over at PancakeSwap are developing an NFT marketplace where you will be able to buy and sell NFTs using BNB.
The first tradeable NFTs will be a collection specific to PancakeSwap released at launch.
Pancake Squad is a collection of 10,000 different NFTs. The bunnies will be randomly generated from over 180 different traits, with tens of thousands of possible combinations. No single Pancake Squad NFT will be entirely alike.
Can’t wait to get your hands on one? Get started!