PancakeSwap

Multichain DEX — Trade, Earn & Launch
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PancakeSwap — Swap tokens, stake CAKE, join launchpads

PancakeSwap is a community-driven, multichain decentralized exchange that combines low-fee swaps, liquidity pools, CAKE staking, Launchpad mechanics, and advanced pool models like V3 and Infinity for custom pricing curves.

Trade
Instant swaps on BNB Chain & multichain rails
Earn
Provide liquidity, stake CAKE & join farms
Launch
Launchpad & new project discovery
Innovate
V3 / Infinity for improved LP control

Why PancakeSwap matters

PancakeSwap remains a leading DEX on BNB Smart Chain and multichain environments, combining user-friendly swap UX with developer-focused innovations such as Infinity (custom pricing models) and concentrated liquidity in Exchange V3. These upgrades improve price quality and capital efficiency for both traders and liquidity providers. :contentReference[oaicite:0]{index=0}

Overview
PancakeSwap launched as a BEP-20 AMM DEX and expanded into a multichain platform offering swaps, pools, farms, staking, NFT markets and a Launchpad. Users swap tokens without accounts by connecting a compatible wallet (Phantom, MetaMask with BSC, Trust Wallet, etc.). The protocol's CAKE token powers governance, staking rewards and many incentives. :contentReference[oaicite:3]{index=3}

Exchange V3 & Concentrated Liquidity

With Exchange V3, PancakeSwap moved to non-fungible liquidity positions, enabling concentrated liquidity (similar to other V3 AMMs). Liquidity positions are minted as NFTs and LPs earn fees proportional to the liquidity provided within their chosen price ranges — improving capital efficiency for LPs compared to uniform liquidity models. :contentReference[oaicite:4]{index=4}

Infinity: custom pricing models

PancakeSwap Infinity is a developer-facing layer that allows the creation of custom pricing curves and pool behaviours beyond the standard AMM math. This opens use cases for specialized pools and innovative token economics designed for particular asset classes. Infinity extends what LPs and builders can do with pricing and slippage control. :contentReference[oaicite:5]{index=5}

How to use PancakeSwap (quick)

  1. Install a wallet that supports BNB Smart Chain (or the target chain) and secure it with a recovery phrase stored offline.
  2. Fund your wallet with BNB or the relevant chain token for gas fees.
  3. Connect to PancakeSwap via the official site and perform a small test swap to confirm UX and slippage settings.
  4. Provide liquidity or stake CAKE in pools/farms if you want to earn yield — be mindful of impermanent loss.

See the official get-started guides for step-by-step instructions. :contentReference[oaicite:6]{index=6}

Risk & security

Decentralized finance carries inherent risks: smart contract bugs, rug pulls for low-cap tokens, and front-running. PancakeSwap publishes technical docs and audits, but users must practice wallet hygiene (never share seed phrases), verify contract addresses and avoid fake mobile apps that may attempt to phish wallet keys. News outlets also warn about malicious apps mimicking DEX wallets — delete suspicious apps and use verified stores. :contentReference[oaicite:7]{index=7}

CAKE token & market data

CAKE remains PancakeSwap’s native token used for staking, governance and rewards. Live price, market cap and circulating supply are tracked on CoinGecko and CoinMarketCap — useful references before participating in staking or farms. :contentReference[oaicite:8]{index=8}

Disclaimer: This page is an independent informational article about PancakeSwap. It is not affiliated with or endorsed by PancakeSwap. Always verify you are using official PancakeSwap links (https://pancakeswap.finance), download wallets only from verified app stores, and exercise caution — decentralised finance involves financial risk.