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PancakeSwap

Earn up to 45% APY staking at PancakeSwap

Staking can generate up to 60% APY if vested for a certain period of time.

With 130,000 daily users, PancakeSwap is the network with the most users on Defi. It also has unique currency features for cryptocurrency investment with a long-term horizon. Unlike other exchanges, Binance invests about 9% of its total value in DeFi. The exchange serves 750,000 customers every day.

BSC has more users per day than Ethereum and all of Layer 2 combined. BSC’s ecosystem consists of 466 platforms and offers cheaper gas prices than Ethereum. Uniswap has fewer daily users than PancakeSwap, while PancakeSwap leads in high-volume decentralized applications.

As a marketplace for DEX, NFT, lotteries, prediction markets, IFO, and trading contests, PancakeSwap has many ways to make money. These ancillary product payments generate and burn CAKE tokens. Their whitepaper explains these various products and services in more detail.

PancakeSwap Whitepaper

PancakeSwap Valuation

Unlike Uniswap, PancakeSwap charges go to CAKE holders primarily through buybacks and burns. Meanwhile, Uniswap charges are deposited in the Uniswap treasury, so users do not benefit from them directly.

The market value of CAKEs that are still outstanding (but not CAKEs that have been bet on) is $638 million, but the fully diluted value is $3.3 billion. The value of Uniswap is $4 billion, or $5.1 billion when fully diluted.

CAKE is meant to burn more tokens than are given out every day through farming, pools, and staking. 

Cake is the dApp that generates the most value for the user. The CAKE coin fell 90% below its all-time highs during this downturn.

CAKE significantly rewards long-term stakers. 188,000,000 CAKE tokens have been deposited over the past 40 weeks. This huge amount of deposits is more than half of the total supply, which shows that investors like the CAKE token and would rather bet on it than sell it.

The Cake-Bnb Farm yields 45% currently.

PancakeSwap rewards

The market value of outstanding CAKEs (excluding staked CAKEs) is $638 million, but the fully diluted value is $3.3 billion. Uniswap’s value is $4 billion, or $5.1 billion when its value is fully diluted.

The tokenized CAKE is meant to burn more CAKE than is given out every day from farming, pool, and stake incentives. Since we can’t figure out the exact relationship between the way something burns and how much it gives off, we can’t give the platform a fully diluted value.

Cake is the dApp that generates the most value for the user. The CAKE coin fell 90% below its all-time highs during this downturn.

CAKE significantly rewards long-term bettors. 188,000,000 CAKE tokens have been wagered over 40 weeks. This huge amount of betting is more than half of the total supply, which shows that investors like the CAKE token and would rather bet on it than sell it.

Overview

Pros: 

  • Largest user base of any DEX; 
  • Very little competition on the Binance smart chain; 
  • Creative tokenomics designed to incentivize token holders and avoid massive bounty dumping.
  • They are open to offering new services and products that generate money.
  • Rewards are distributed to token holders and not just deposited into a treasury.

Cons: 

  • Due to its relationship with Binance, it probably won’t go multi-chain. 
  • Scam projects on BSC may discourage people from using the chain. 
  • High inflation and issuance rates 
  • Outside of Binance, CAKE probably won’t be listed on many centralized tier-1 exchanges. 
  • Payouts for high stakes require locking tokens for a long time, which is fine for the platform but limits investors.
  • Unknown development team.

Sources: PancakeSwap, TheDefiChronicle on Medium.

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