Latest PancakeSwap updates on February 22nd

PancakeSwap recently announced several important updates and announcements. On February 21st, PancakeSwap announced that users could stake APT to get tAPT, receiving Aptos’ native staking emissions. This same day, PancakeSwap also launched their new $tAPT – whUSDC Farm and encouraged users to stake in order to earn $CAKE. Additionally, PancakeSwap announced the winners of their 7-day Week of BlueMove and shared a recap of their AMA with @trycarbonio. On February 20th, PancakeSwap announced that they had completed the refund for the ARENA IFO, and would cease their ARENA Syrup Pool and ARENA Farm. Additionally, they shared that the ESPL IFO Refund airdrop had been completed. Finally, they shared that they had burned 7,038,341 $CAKE, which was equivalent to $30M, and shared the Proof of burn.

What is PancakeSwap ?

PancakeSwap is a decentralized finance (DeFi) protocol built on the Binance Smart Chain (BSC), which is a blockchain-based platform that enables users to lend and borrow cryptocurrencies. The PancakeSwap protocol allows users to trade tokens, swap coins, and provide liquidity to pools. PancakeSwap also has its own native token, CAKE, which is used to power the platform and reward users who provide liquidity.

PancakeSwap is a decentralized exchange (DEX) that offers a wide variety of tokens and coins to users. The platform allows users to trade cryptocurrencies, as well as provide liquidity for token pools. PancakeSwap also supports automated market making, allowing users to set up automated trading bots.

The native token of PancakeSwap, CAKE, is used to power the platform and reward users who provide liquidity to the pools. CAKE tokens are also used for staking, which allows users to earn rewards in the form of other tokens. CAKE tokens are also used for governance, allowing users to vote on platform decisions.

PancakeSwap is a great choice for users who want to take advantage of the DeFi revolution. The platform offers a wide variety of tokens and coins, as well as a range of features such as automated market making and staking. Additionally, the CAKE token offers users the chance to earn rewards by providing liquidity to the pools.

In conclusion, PancakeSwap is a great choice for users who want to get involved in the DeFi revolution. The platform offers a wide variety of tokens and coins, as well as a range of features such as automated market making and staking. Additionally, the CAKE token offers users the chance to earn rewards by providing liquidity to the pools.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.