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What is PancakeSwap (CAKE)?

By Lyle DalyUpdated Jun 11, 2025 at 1:02 PM

Key Points

  • PancakeSwap offers high staking rewards, attracting significant user activity.
  • Built on BNB Chain, it processes transactions quickly with low fees.
  • Risks include prevalent scams such as pump-and-dump and phishing schemes.

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