protocol: PancakeSwap(CAKE) - June 2024 Price Update - 7.24% Breakout Crypto News and Analysis

Explore the Core.

Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly.

Cute, funny and a little bit crazy!!!

Explore the Core.

Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as: An exchange to swap tokens, A yield farm to earn rewards, Syrup pools to stake CAKE tokens, Ethereum liquid staking (wBETH) and simple staking, Pancake Protectors game v3 position manager (new feature), A prediction market, Initial Farm Offering (IFO) token launches, A bridge to bridge CAKE to Ethereum and Aptos, A lottery and An NFT marketplace. Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly. This is intended to provide a multi-year runway for emissions and incentivize locking up CAKE, making the token more valuable long-term

Explore the Core.

Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly. This is intended to provide a multi-year runway for emissions and incentivize locking up CAKE, making the token more valuable long-term.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.