what is pancakeswap

PancakeSwap, a decentralized exchange on Binance Smart Chain, offers users low-fee, fast trading of BEP20 tokens via an automated market maker (AMM) system, bypassing traditional intermediaries and boasting over 4.4 million users.

Mar 21, 2025 at 03:19 pm

In addition, PancakeSwap also provides a game-like experience. Users can bet on the rise and fall of Binance Coin prices within a certain period of time, and can also use the lottery function to win free tokens.

• Click the "Trade" menu in the left sidebar;

• Select “Liquidity”;

• Click "Add liquidity";

• Select the token pair you want to deposit;

• Sign the transaction from your wallet (this step is free);

• After completing the above, you will receive a Liquidity Provider (LP) token, which represents your share of the liquidity pool.

• Enter the "Trade" menu and select "Redemption";

• Select the cryptocurrency you want to exchange from the menu;

• Click the "Exchange" button and confirm the transaction for free in your wallet, and the transaction will be completed.

• Click "Fund Pool", click "Add Liquidity", and select such as BNB/BUSD (example);

• After setting the quantity, click "Approve BUSD" to perform the first operation authorization;

• After the first authorization is completed, click "Supply" again to send the token. After completing the authorization, you can see your market making record in the fund pool;

• Click "Farm" at the top to enter the farm and select the BUSD - BNB mining pool. The 10X in the upper left corner represents the mining weight. The higher the value, the faster the mining speed;

• The first operation also requires clicking "Approve BUSD - BNB FLIP" to authorize;

• After the authorization is completed, click the plus sign on the right side of the gray Unstake to set the number of FLIPs in the staking interface and authorize.

• The first operation requires authorization to "Approve CAKE". After the authorization is completed, click the plus sign to add the CAKE token;

• Set the number of CAKEs that need to be mortgaged, click "Confirm". After the authorization is successful, you can see the number of CAKEs that are mortgaged, the number of CAKE rewards that can be harvested, and the number of redemptions of the top SYRUP;

• If you no longer need stake, click "Unstake" to complete the reward collection and CAKE token redemption operations.