What is CAKE
PancakeSwap is a Decentralised Exchange that runs on the Binance Smart Chain, with an automated market maker model, primarily used to swap BSC tokens. Users can capitalize their earnings and stake with BSC’s lower fees and exceptional speed of transactions. Liquidity providers fund the pools, farming FLIP tokens in return. By locking these FLIP tokens in a set time, users get rewards in CAKE tokens. Staking CAKE tokens earn them SYRUP. The exchange also incorporates many other features that let you earn rewards in a form of a: lottery, the opportunity to randomly win an NFT, and Initial Farm Offerings (IFO). IFO on PancakeSwap lets users LP tokens from a supported pool to get access to the sale of a newly launched token.