PancakeSwap (CAKE) Staking Live on MyCointainer
MyCointainer users can begin to utilize the decentralized staking of PancakeSwap. This includes $CAKE staking that lets you earn ∼2% APR.
We are happy to announce the integration of the PancakeSwap (CAKE) token into the MyCointainer platform. Starting today, communities can utilize the earning applications of the $CAKE token through staking, and support a fully decentralized economy. Easily gain access to these products and services, and earn passive income anytime, anywhere in the world.
PancakeSwap Ecosystem Introduction
PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application, built on the BNB Chain, that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
All trades on PancakeSwap are automatically executed via smart contracts. The completely anonymous team of PancakeSwap has built an ecosystem of DeFi tools based on the CAKE token. The platform is open-source and has been audited by multiple reputable blockchain security firms like Certik and Slowmist.
The PancakeSwap token CAKE is a BEP20 token. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform, along with the staking of CAKE to earn more CAKE.
PancakeSwap Token Integration on MyCointainer
Community members can deposit or withdraw any amount of $CAKE tokens from their dedicated MyCointainer wallet. Instantly view your cryptocurrency on the website or mobile app and keep track of your investments every day.
PancakeSwap Stake to Earn
$CAKE is now included in the list of proof-of-stake assets available. The staking of your tokens begins once the deposit has been validated and reflected in your MyCointainer wallet.
Conveniently accumulate more from your $CAKE holdings through the staking mechanism and avoid the in-depth technicalities of PancakeSwap staking, ideal for anyone who wants to start their staking journey.
Conclusion
PancakeSwap's status as a leading decentralized exchange upholds the strong growth potential of the project. During this time, increasing your $CAKE holding, by staking, is a good approach to take.
Staking $CAKE is a great way to earn from your crypto assets and generate better yields. In MyCointainer, you can make your money work for you with stable and secured financial returns.