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PancakeSwap $CAKE - The DEX Powering Binance Smart Chain
PancakeSwap (CAKE) is a decentralized exchange built on Binance Smart Chain (BSC). Similar to Uniswap, PancakeSwap allows users to swap cryptocurrencies directly with each other. CAKE, the PancakeSwap token, can be used for staking, yield farming, and participating in lotteries on the platform.
The popularity of BSC has fueled demand for CAKE. However, remember that DEXs can be complex and involve inherent risks. Carefully evaluate your risk tolerance before using PancakeSwap.