Launched in September 2020, PancakeSwap is a decentralized finance (DeFi) protocol built on the BNB Smart Chain. It operates as an automated market maker (AMM), where users trade against liquidity pools rather than a traditional order book. The platform's mission is to provide a fast, low-cost, and accessible way for users to trade digital assets. Beyond token swaps, PancakeSwap offers a suite of services including yield farming, staking (Syrup Pools), an NFT marketplace, perpetuals trading, and a launchpad for new projects (IFOs - Initial Farm Offerings). The protocol is governed by its native utility token, CAKE, which allows holders to vote on proposals shaping the platform's future. While V3 is the latest version, V2 remains an active and integral part of the PancakeSwap ecosystem.

Founded in

Japan