Qu'est-ce que le protocole de liquidité PancakeSwap?

PancakeSwap is a decentralized exchange that originated on the BNB Chain but has since expanded to support multiple blockchain networks. PancakeSwap now operates across several chains, including Ethereum, Polygon, Arbitrum and more, providing users with enhanced flexibility and broader access to decentralized financial services.

Les inconvénients de PancakeSwap

At its core, PancakeSwap operates as an automated market maker (AMM), meaning that it facilitates trades through liquidity pools instead of a traditional order book. These liquidity pools are created by users who deposit tokens, and in return, they earn liquidity provider (LP) tokens. These LP tokens can be staked to earn rewards, or "farmed" for the platform's native token, CAKE.

Users can exchange BEP-20 tokens and ERC-20 tokens, on PancakeSwap, with the platform handling swaps on different blockchain networks. PancakeSwap’s multi-chain capability allows users to seamlessly swap tokens across the BNB Chain, Ethereum, Polygon, zkEVM, ZKsync Era, Arbitrum, Linea, Base and Aptos.