cake-lp is what trading pair certificate
CAKE token.
Using it, users who provide liquidity can obtain CAKE token rewards by staking their LP tokens (liquidity certificates) to smart contracts. This mechanism is mainly to balance the impermanent losses caused by providing liquidity.
To trade a certain token on PancakeSwap, the token must have a liquidity pool on PancakeSwap and have sufficient liquidity. If no one provides enough liquidity, trading the token will become very difficult. Or the price of the transaction may become so unfavorable that it may even be impossible to conduct the transaction. Provide liquidity and you will receive LP tokens (liquidity certificates), which will help you earn transaction fees. The reward for transaction fees ensures that there are enough people to provide liquidity for PancakeSwap.
Is Cake Coin worth investing in? Why can’t the website be opened?
It’s worth it.
Advantages: The income is higher than that of Venus, and the platform also has functions similar to the issuance of new coins, which can be used to create new coins. Disadvantages: There are only a few currencies that support solo mining and they are not popular. Big coins such as Bitcoin, Ethereum, etc. cannot be mined solo. You can only do LP. Since you do LP, you will suffer impermanent losses, and you will not be able to outperform the currency holdings when encountering unilateral market conditions.
The English name of CAKE coin is PancakeSwap, which is a token and currently ranks 34th in the global digital currency rankings. The CAKE coin was issued on September 18, 2020, with an initial price of $0.4. It has been in development for one year, and the return on investment has reached 4890.68%. It has been listed on 40 exchanges. CAKE coin is one of the digital tokens with an investment return rate of thousands of times in one year, and has become a mainstream currency, so the CAKE coin project has certain investment value,
The above is the detailed content of Which exchanges are CAKE coins listed on (pi coins are listed on exchanges). For more information, please follow other related articles on the PHP Chinese website!
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