For the love of Cake, you get more $CAKE and $HUNNY!
Introduction to Decentralized Exchanges (DEXs)
DEXs started with an Ethereum chain with an open-source decentralized exchange such as Uniswap, which is increasingly becoming more popular in volume and liquidity.
On Binance Smart Chain(BSC), PancakeSwap is the leading game-changer as the next promising DEX. PancakeSwap is a decentralised exchange built on Binance Smart Chain, a fast and inexpensive alternative to Ethereum. Much like the celebrated Uniswap DeFi AMM protocol running on Ethereum, PancakeSwap enables users to swap between cryptocurrency assets by tapping into user-generated liquidity pools.
What is Yield Farming
Yield farming is the practice of staking or locking up tokens to generate rewards. When you supply a pair of tokens into a pool (or farm), you get an LP token representing your share and enables you to claim trading fees and rewards.
How are the Tokens of BSC supporting each other in the yield farming scene.
PancakeSwap native coin $CAKE has increased more 12000% and is now trading at $37.87 per CoinGecko data in May 2021. With the implementation of PancakeSwap on BSC, Binance native token BNB shot up by 13% within 24% according to Messari. $CAKEis tightly linked to BNB as pairs of liquidity pools for yield farming needs BNB as liquidity.
PancakeHunny starts trading on PancakeSwap so that users who are into DeFi such as yield farming can get additional yield in terms of $CAKE and BNBas an additional incentive. With the introduction of $CAKE, the APY for similar pools was greatly optimized even though users are farming the same assets over the same time.
So for the love of Cake…
PancakeHunny Finance — PancakeHunny aims to be the most engaging and fun DeFi destination built on Binance Smart Chain (BSC). On top of that, we are developing a brand new and unprecedented gamified farming playground where every user can enjoy high yields and exciting games at the same time.
PancakeHunny does yield farming with the leading DeFi players in the market such as PancakeSwap, Venus, etc. since they are one of the leading and innovative platforms around. PancakeHunny is dedicated to curating new and better Yield Optimization Strategies. Currently, we have $HUNNY Hive, $CAKE Hive, ETH Hive, BUSD Hive, USDT Hive, $CAKE-BNB Hive, $HUNNY-BNB, Bondly-BNB, ALICE-BNB, TKO-BNB, DOGE-BNB Hives to satisfy your appetite for higher yields.
To know how to keep it simple, because we are farmers ourselves. Optimize the best rewards with the same amount of time.
We too have the auto-compounding Hives (a.k.a Farms) on PancakeHunny whereby profits are auto-compounded into the respective pools, enhancing the ROI for users. We are planning our cross-chain project soon, which will allow ETH-BSC cross-chain and eventually get more ETH users onboard PancakeHunny.
We aim to curate and integrate other popular yield farms to get the maximum profit, so you don’t have to 🙂
A community that earns and unwind together
We are hardworking DeFi yield farmers who wants to earn and enjoy together. PancakeHunny have integrated lottery and poker as part of our ecosystem to keep the price of $HUNNY healthy. With this additional burning mechanism in place, and the circulating supply as constant, the community is constantly appreciating the price of $HUNNY together.
HunnyLottery is a very simple jackpot game for anyone to be engaged in. The stakes are small and the winnings can be significant. A portion of the revenue earned from the HunnyLottery will be shared, and the rest will be burnt. We will be having 2 rounds of lottery, thus the rate of burning is frequent.
Through HunnyPoker, we want our community to come together to bond and unwind. A portion of the winnings every round will be burnt. The speed of burning will be fast if everyone is playing around the clock. A portion of the winnings will also be given back to the network, so start playing with us.
We will be introducing more games for our community. So stick around and stay tuned!
We are listing on PancakeSwap soon!
We believe a decent amount of liquidity is necessary for $HUNNY tokenomics and that’s why we’re planning to list in PancakeSwap.
About PancakeHunny
🍯 PancakeHunny aims to be the most engaging and fun DeFi destination built on Binance Smart Chain (BSC). On top of that, we are developing a brand new and unprecedented gamified farming playground ♠️♥️♣️♦️ 🎰🎲 where every user can enjoy high yields and exciting games at the same time.
🌐 Website: https://pancakehunny.finance/
💬 Telegram: https://t.me/pancakehunny
🐦 Twitter: http://twitter.com/pancakehunny
👾 Reddit: https://www.reddit.com/r/PancakeHunny/
📝 Medium: https://medium.com/pancakehunny
📄 Whitepaper: https://docs.pancakehunny.finance/
👨💻 GitHub: https://github.com/pancakehunny
