About PancakeSwap V2
PancakeSwap V2 is a leading decentralized exchange (DEX) on the BNB Chain ecosystem, enabling seamless BEP-20 token swaps. As the largest DEX in this ecosystem, it dominates market share through its innovative automated market maker (AMM) model. Users trade against liquidity pools while earning rewards as liquidity providers (LPs).
Key Features:
- Yield Farming: Earn CAKE tokens by staking LP tokens in Syrup Pools (flexible or fixed-term options)
- NFT Marketplace: Trade collectibles and customize profiles via the NFT Profile System
- Perpetual Trading: Trade futures contracts with up to 150X leverage through ApolloX collaboration
- Lottery System: Win CAKE prizes through weekly draws
Founders and Launch Details
The anonymous team behind PancakeSwap V2 consists of ~25 developers ("Chefs"). Key milestones:
- Launch Date: September 2020
- Security: Audited by CertiK and SlowMist
- Headquarters: Remote team with legal registration in Fukuoka, Japan
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Supported Assets and Fees
Token Compatibility:
- All BEP-20 tokens
- Major futures pairs (BTC/USDT, ETH/USDT, BNB/USDT, etc.)
Fee Structure:
| Fee Type | Percentage | Allocation |
|---|---|---|
| Trading Fee | 0.25% | Split across components |
| LP Reward | 0.17% | Returned to pools |
| Treasury | 0.03% | Project development |
| Buyback & Burn | 0.05% | CAKE token deflation |
Geographic Restrictions
While decentralized, these regions face access blocks:
- Cuba, Iran, Zimbabwe
- Crimea, Syria, Sudan
- Belarus, DR Congo
Advanced Trading Features
Leverage Options:
- Major Pairs: Up to 150X leverage
- Minor Pairs: Up to 50X leverage
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FAQs
1. How does PancakeSwap V2 differ from V1?
V2 introduced optimized gas fees, improved price oracles, and enhanced yield farming mechanics while maintaining core AMM functionality.
2. What's the APY for CAKE staking?
APY fluctuates based on pool activity but historically ranges between 20%-80% for flexible staking. Fixed-term staking offers higher yields.
3. Is PancakeSwap safe for large trades?
Yes, with over $1B+ in TVL and CertiK audits, it's among the most secure DEX options on BSC.
4. How often are CAKE tokens burned?
The buyback-and-burn program executes weekly, removing CAKE from circulation based on trading volume.
5. Can I trade NFTs without CAKE tokens?
No, all NFT marketplace transactions require CAKE for fees and bidding.
6. What wallets support PancakeSwap?
MetaMask, Trust Wallet, and any WalletConnect-compatible wallets work seamlessly.