CAKESWAP-CakeSwapDetailed Description

CAKESWAP-CakeSwap Detailed Description

CAKESWAP is the native utility token of the CakeSwap Exchange (DEX), used for various purposes in the growing landscape. Its main functions are yield farming and staking.
CakeSwap Exchange is a Decent Exchange (DEX) known as an Automated Market Maker (AMM). This basically means there is no order book, bid/ask system or limit/market orders.
Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, and then rebalance after the transaction is completed.