Staking Pancakeswap
PancakeSwap is a widely used decentralized finance (DeFi) platform on which users can trade, earn, and win crypto. The CAKE token is at the center of the platform, allowing users to buy it, win it, or stake it. Staking involves placing the CAKE token on the platform to supply liquidity to traders, in exchange for which stakers earn passive income in the form of free CAKE tokens. Based on the latest participation rates, investors can earn more than 45% APY in the CAKE Pool. The PancakeSwap platform boasts over 2 million users across $3.5 billion staked.
