Question

What is PancakeSwap?

Answer 1

PancakeSwap is a decentralized exchange (DEX) running on the Binance Smart Chain (BSC), which allows users to trade various cryptocurrencies, provide liquidity, and earn rewards through yield farming. It is known for its low fees and high-speed transactions compared to other decentralized exchanges on different blockchains like Ethereum.

Answer 2

PancakeSwap is a decentralized exchange (DEX) running on Binance Smart Chain, where users can trade cryptocurrencies and participate in various decentralized finance (DeFi) activities such as yield farming, staking, and more. It uses an automated market maker (AMM) model to facilitate trading without the need for traditional order books.