What is the PancakeSwap website?

PancakeSwap, a BNB Chain-based DEX, offers a user-friendly interface for swapping BEP-20 tokens, providing liquidity, and earning rewards through yield farming, syrup pools, lotteries, and prediction games.

Mar 21, 2025 at 04:18 pm

• Trading functions :

• Token exchange : On the homepage of PancakeSwap website, the very conspicuous "Swap" function allows users to directly exchange BEP - 20 tokens on BNB Chain. Users only need to clearly enter the types and quantity of tokens to be exchanged in the corresponding input box, and the website will automatically and quickly calculate the number of target tokens that can be obtained based on the built-in algorithm. For example, if a user intends to exchange a certain number of BNBs into CAKE tokens, as long as the relevant information is accurately filled in and then click the "Swap" button, the transaction can be executed quickly. This trading model abandons the cumbersome registration process and does not require third-party custody funds, and is directly carried out between the user's wallet and the smart contract, effectively ensuring that the control of funds is always in the hands of users.

• Rich pairs : The platform has an extremely rich pairs, covering both mainstream cryptocurrencies and numerous emerging tokens. In addition to the common trading combination of BNB and other tokens, there are also special token trading pairs issued by various project parties, providing users with a wide range of diverse investment options. Users can view all available trading pairs and their liquidity status on the "Pool" page under the "Trade" section.

• Liquidity provides :

• Liquidity Pool : The "Liquidity" sector is an entrance provided by users to participate in liquidity. Users can deposit two related tokens (such as BNB and CAKE) into the liquidity pool in a certain proportion and obtain LP (Liquidity Provider) tokens, which serves as valid credentials for users to provide liquidity. These LP tokens can not only prove the user's equity in the liquidity pool, but can also be used to obtain subsequent income. For example, when a user provides liquidity to the BNB-CAKE liquidity pool, he or she receives the corresponding number of BNB-CAKE LP tokens.

• Earn transaction fees : Users who provide liquidity can share the transaction fees generated by the transaction pair based on the proportion of deposited assets in the liquidity pool. As long as other users trade in the trading pair, liquidity providers can obtain corresponding benefits, which provides users with a passive income path.

• Revenue acquisition :

• Yield Farms : On the "Farm" page, users can participate in the Yield Farm by pledging LP tokens. By pledging the previously obtained LP tokens to a designated income farm, you can obtain CAKE tokens or other project token rewards according to established rules. Different income farms, the reward mechanism and annualized rate of return (APR) are different. Users need to carefully choose the right farm based on their own risk tolerance and return expectations. For example, a certain income farm may give users who pledge BNB-CAKE LP tokens a higher CAKE reward, with an annualized rate of return of 10% or even higher, but it is also accompanied by certain market volatility risks.

• Syrup Pools : A syrup pool in the “Pools” section that allows users to stake CAKE tokens to obtain free tokens for other projects. Users holding CAKE tokens pledge it into a syrup pool, and have a weekly opportunity to receive valuable free token rewards from collaborative projects. With more and more projects joining, users have more opportunities to obtain different types of tokens, thereby enriching the diversity of their own portfolios.

• Featured functions :

• Lottery : The "Lottery" function of PancakeSwap website adds a lot of fun to users. Users can use CAKE tokens to buy lottery tickets and participate in the lottery. The prize pool is rich and draws regularly. Each time the prize draw attracts many users to participate, and there is a chance to win huge prizes of up to millions of dollars, attracting many users who pursue excitement to join them.

• Price prediction : In the "Prediction" sector, users can predict the price rise and fall of specific tokens such as BNB in the future. A new round of prediction will be started every 5 minutes. If the user's prediction is correct, he will receive a BNB reward. This function not only tests users' ability to judge the market, but also provides users with a way to make profits from market fluctuations.

• NFT Marketplace : The "NFT" sector is PancakeSwap's NFT trading market, where users can buy and sell and collect various unique NFT assets. These NFTs cover various types such as art works, game props, and greatly enrich users' investment and collection choices in the blockchain field. Users can browse information about various NFTs in detail in the market, including their scarcity, creator information, etc., and then conduct transactions.

• Preparation :

• Wallet installation : First, you need to install a digital wallet that supports BNB Chain, such as MetaMask, Trust Wallet, etc. Taking MetaMask as an example, search for the MetaMask plug-in in the browser and install it. Then follow the prompts to create a wallet. At the same time, be sure to properly back up the mnemonics to ensure the security of the wallet.

• Asset Recharge : Recharge BNB into your wallet and other tokens you want to use for trading or participate in liquidity. If you plan to buy other tokens, you must first make sure that there are enough BNB in your wallet for transactions. Recharge can be achieved by transferring money from other exchanges or wallets. When transferring money, be sure to carefully check the receiving address to prevent the loss of assets.

• Trading operations :

• Connecting the wallet : Open the PancakeSwap official website, click the "Connect Wallet" button in the upper right corner, select the installed wallet type (such as MetaMask), and follow the prompts to complete the wallet connection step by step. After the connection is successful, the asset information in the wallet will be displayed on the website interface.

• Token exchange : Enter the "Swap" page, select the token to be exchanged in the "From" input box, select the target token in the "To" input box, and after entering the exchange quantity, click the "Swap" button. At this time, a prompt to confirm the transaction will pop up in the wallet. After confirming that the transaction information is accurate, enter the wallet password to complete the transaction.

• Liquidity provides :

• Add liquidity : Go to the "Liquidity" page and click the "Add Liquidity" button. Select the trading pairs (such as BNB and CAKE) to provide liquidity, enter the number of the two tokens, and the website will automatically match the appropriate ratio. After confirming that the quantity is correct, click the "Supply" button. After confirming the transaction in the wallet, you can successfully add liquidity and obtain the corresponding LP tokens.

• Remove liquidity : If you want to remove liquidity, find the corresponding liquidity pool on the "Liquidity" page, click the "Remove" button, select the number of LP tokens to be removed, and after confirmation, the wallet completes the transaction, the user will obtain the corresponding number of original tokens.

• Revenue acquisition :

• Participate in the Income Farm : Enter the “Farm” page, select the income farm you want to participate in (such as BNB - CAKE LP farm), click the “Stake” button, enter the number of LP tokens to be pledged, and after confirmation, you can participate in the Income Farm and start earning rewards. During the farm operation, users can view the revenue on the page at any time.

• Participate in the syrup pool : Find the syrup pool (such as CAKE syrup pool) on the "Pools" page, click the "Stake" button, enter the number of CAKE tokens to be pledged, and start participating after confirmation, waiting to obtain free token rewards. Users can check the syrup pool page regularly to understand the rewards.