PancakeSwap Cake (CAKE) is the native cryptocurrency of PancakeSwap, a decentralized finance (DeFi) platform built on Binance Smart Chain (BSC). CAKE is used for:$CAKE

- Governance: Holders vote on proposals

- Staking: Earn rewards and participate in lotteries

- Yield Farming: Provide liquidity and earn CAKE

Key Statistics:

- Market Capitalization: $540 million

- Circulating Supply: 261 million CAKE

- Total Supply: 739 million CAKE

- All-Time High: $44.96 (April 30, 2021)

- All-Time Low: $0.1683 (November 4, 2020)

Features:

- Fast and Cheap Transactions: Leveraging BSC's low fees

- Decentralized Exchange (DEX): Swap cryptocurrencies

- Liquidity Pools: Provide liquidity and earn rewards

Use Cases:

- DeFi Applications: Lending, borrowing, and trading

- Yield Farming: Earn CAKE and other tokens

- Gaming and NFTs: Integration with gaming platforms

Partnerships:

- Binance (native integration with BSC)

- Chainlink (oracle services)

- 1inch (aggregated liquidity)

Recent Developments:

- PancakeSwap v2 (improved UI and features)

- CAKE-BNB LP Staking (enhanced rewards)

Would you like to know more about:

1. PancakeSwap's yield farming mechanics?

2. CAKE's staking process?

3. Upcoming developments?

4. Other?

Additional Resources:

- PancakeSwap Website: pancakeswap.finance

- PancakeSwap Docs: docs.pancakeswap.finance

- PancakeSwap GitHub: github.com/pancakeswap