- Decentralized Exchanges…
About PancakeSwap (V2)
PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. Such pools are filled with users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.
The LP tokens are called FLIP tokens. PancakeSwap also allows users to farm additional tokens – CAKE and SYRUP. On the farm, users can deposit LP tokens, locking them up in a process that rewards users with CAKE. Users can stake CAKE tokens to receive SYRUP, which will have further functionality as governance tokens (and as tickets in a lotteries).
About 1inch Exchange Launched in May 2019, 1inch is a DeFi aggregator and a decentralized exchange with smart routing. The core protocol connects a large number of decentralized and centralized platforms in order to minimize price slippage and find the optimal trade for the users. 1inch platform provides a variety of features in addition to […]
About Sushiswap SushiSwap is a Uniswap fork built with the idea of stripping power from VCs and returning it to the community.
Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.
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