What is PancakeSwap?
PancakeSwap is a decentralized exchange on Binance Smart Chain, a more centralized blockchain that has much lower fees than Ethereum.
To trade on PancakeSwap, you need a crypto wallet like MetaMask. When you buy or sell a crypto asset on PancakeSwap, it is directly swapped into a different asset right from your wallet.
CAKE is PancakeSwap’s governance token.
Holders of CAKE can stake it in Liquidity Pools and Farms to earn a yield. Of course, there are always risks involved. For example, the price of CAKE might go down while it’s locked up in a pool or a farm. In that case, the original high yield might not be enough to cover the loss.
PancakeSwap vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, CAKE would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of CAKE might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including CAKE.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.