CakeSwap is a decentralized exchange.DeFi, Yield farms, Pools.
CAKESWAP, a native utility token of CakeSwap Exchange (DEX), it's used for a variety of purposes within the growing landscape. Its main functions are yield farming and staking.
CakeSwap is a type of decentrilized exchange (DEX) known as an automated market maker (AMM). This essentially means that there are no order books, bid/ask system or limit/market orders.
Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, which then rebalance after the trade is complete.
Decentralized exchange.DeFi, Yield farms, Pools.
Decentralized exchange.DeFi, Yield farms, Pools.