What is PancakeSwap?
PancakeSwap is one of the most popular decentralized exchanges (DEX) globally and the most widely-used automatic market maker outside the Ethereum ecosystem. It removes the need for intermediaries, and it executes swaps of Binance coin (BNB) and other BEP-20 compatible tokens in the Binance ecosystem via smart contracts. Project developers can also launch new tokens on the platform and create liquidity markets at any time.
PancakeSwap first came to the scene in 2020, and although its founders are anonymous, it has been vetted as credible by many blockchain security companies, most notably, Certik. PancakeSwap has come into prominence in massive liquidity, user base, multiple use cases, and how well it handles counterparty risk.
What is Cake?
Cake is the native token on the Pancakeswap exchange. It doubles as a utility and governance token. Hence, it can be used for a myriad of functions such as staking, yield farming, games, NFT, participating in the PancakeSwap lottery, and effecting changes on the PancakeSwap platform. You can also invest in upcoming projects using Cake.
Should I buy Cake?
Cake is one crypto you can go for if you’re looking to earn passively in the crypto space. Binance Smart Chain is still growing, and PancakeSwap is the leading decentralized exchange with many utilities. There are several opportunities to stack up more cake, including yield farming, liquidity providing, NFTs, and Syrup pools. Although using the platform might be challenging if you are a beginner, you can still make some profit by buying and holding CAKE as you navigate your way in the crypto space.
How to get an instant PancakeSwap loan
Don’t sell your CAKE. Use it as collateral for an instant crypto loan and get up to 90% of your collateral’s value in a variety of currencies. We have CAKE to USD loans, CAKE to EUR loans, CAKE to GBP loans, CAKE to CHF loans, and stablecoin loans as well. Simply deposit CAKE today, choose a loan plan – or create a custom one yourself – and you’ll receive up to 30,000 in a currency of your choice in seconds.
How to borrow PancakeSwap - How does it work?
With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow CAKE you first must convert one of the above to fiat and convert it to CAKE using our exchange service.
PancakeSwap loan calculator
You can use our CAKE loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan PancakeSwap, please check the calculator first to see which plan works best for you.
PancakeSwap lending process
PancakeSwap lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future CAKE loans.
It's worth trying! Forget selling your
with instant crypto backed loans on YouHodler
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