PancakeSwap (CAKE) vs Sushiswap (SUSHI): The better DEX token

PancakeSwap (CAKE) vs Sushiswap (SUSHI): The better DEX token
фото показано с : coinjournal.net

2022-2-11 01:16

 Decentralised exchanges are platforms where users can conduct trades in a permissionless way without any intermediary. DEX tokens are used as governance tokens and for staking. They can be as a store of value. DEXs support the operations of DeFi platforms.

 PancakeSwap and Sushiswap are two of the most popular DEX platforms. They are both forks of Uniswap and are also automated market makers (AMMs). In essence, users provide liquidity pools by using the platform, thereby earning rewards.

 PancakeSwap was developed on Binance Smart Chain by anonymous developers and launched in September 2020. It uses smart contracts to aid the swapping of tokens. Users can swap or exchange their LP tokens for another token. Also, it supports yield farming and staking of tokens. PancakeSwap can be accessed from Metamask, Trust Wallet, Ethereum Wallet, Binance Chain Wallet, and Math Wallet.

 Sushiswap was released on the Ethereum network by Chef Nomi and 0xMaki in August 2020. However, ownership of the platform has been transferred to Sam Bankman-Fried. It can be accessed through Lattice, Coinbase Wallet, WalletConnect, and Metamask. Asides from yield farming and staking of tokens, users can also borrow and lend tokens. It uses the Minimal Initial Sushiswap Offering (MISO) to support the launching of new projects in its ecosystem.

 Due to being forks of Uniswap, they share various similarities. However, the cost of a transaction differs, with users paying 0.2% on PancakeSwap and 0.3% on Sushiswap. Moreover, Sushiswap is more flexible than PancakeSwap. Between the two, PancakeSwap has more traders with a market cap of $2.17 billion to $906.6 million of Sushiswap.

 Likewise, PancakeSwap supports NFTs and lottery in its ecosystem. It also has a separate token for unstaking CAKE. CAKE costs $8.15 right now, and SUSHi sells for $4.7. CAKE is the better DEX token of the two, and with the continuous adoption of the DEX, it will keep growing.

The post PancakeSwap (CAKE) vs Sushiswap (SUSHI): The better DEX token appeared first on Coin Journal.

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PancakeSwap (CAKE) на Currencies.ru

$ 0 (+0.00%)
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pancakeswap token dex better sushi cake sushiswap

Источник: coinjournal.net

pancakeswap token → Результатов: 33


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Ethernal, the first community-driven DeFi token to generate rewards in the form of any major cryptocurrency, launched its token sale on PancakeSwap. For the first time, DeFi staking and other rewards can be made available in the user’s choice of crypto (BTC, ETH, SHIB, other BEP-20 tokens) thanks to Ethernal’s innovative smart contract design. ETHFIN […]

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The Future Advertising Giant SaTT Lists on Leading Cryptocurrency Exchange, HitBTC

After some heightened exposure and interest that rallied behind SaTT integration with Binance Smart Chain and its deployment and listing on PancakeSwap, the blockchain-based advertising project is on another streak of accomplishing yet another novel milestone that signals its token listing on HitBTC with BTC & USDT pairs, one of the leading global crypto exchange. […]

2021-3-24 08:17


HYVE PancakeSwap Listing Date & BSC Bridge

The HYVE ERC-20 token will be listed on Binance Smart Chain (BSC) as a HYVE BEP-20 token. The HYVE token can be changed cross-chain, from Ethereum to BSC.  “Not only are we launching the bridge to allow people to freely change their tokens, we are also listing HYVE on PancakeSwap and providing initial liquidity as … Continued The post HYVE PancakeSwap Listing Date & BSC Bridge appeared first on BeInCrypto.

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