What is Pancakeswap?
Pancakeswap is an automated liquidity protocol and decentralized exchange built on the Binance Smart Chain. It was designed to make swapping tokens easier, faster, and more secure than traditional centralized exchanges. The key feature of PancakeSwap is that it allows users to trade cryptocurrencies directly from their own wallets without having to send funds through a third party or trust any custodian with their private keys. As well as providing fast and secure token swaps, PancakeSwap also provides access to a variety of yield farming activities that enable users to earn rewards in return for providing liquidity or staking assets.