Question 1

What is PancakeSwap?

Accepted Answer

PancakeSwap is a leading decentralized exchange (DEX) available across eleven chains including BNB Chain, Ethereum, Solana, Base, Arbitrum, Aptos, zkSync, Linea, Monad, Robinhood, and opBNB. You can trade, earn, and own crypto directly from your wallet without registering an account or handing over your funds to a centralized exchange.

Question 2

How do I swap tokens on PancakeSwap?

Accepted Answer

Go to the Exchange page, connect your wallet, choose the token you want to trade in the upper section and the token you want to receive in the lower section, enter an amount, review the details, and click Swap. Confirm the action in your wallet to complete the on-chain transaction.

Question 3

What is the PancakeSwap Smart Router?

Accepted Answer

The PancakeSwap Smart Router is a routing algorithm that links V3, V2, StableSwap, and the AMM and market makers to always provide liquidity and pricing. It is the default route for Exchange V3 and executes trades across multiple pools to find the best price for traders.

Question 4

Why won't my swap transaction go through?

Accepted Answer

Make sure you have enough BNB to pay the gas fee, and check whether the tokens you are swapping have transaction fees or transfer restrictions. If a token has a transaction fee (tax), set your slippage to at least that amount plus normal trading slippage, for example 5.5%-6% for a 5% fee.

Question 5

What are the trading fees on PancakeSwap v3?

Accepted Answer

On Exchange v3, liquidity providers can choose between several trading fee tiers (0.01%, 0.05%, 0.25%, and 1%) for the same token pair. The Smart Router selects the best route across pools to get you the best price.

Question 6

How can I stake CAKE?

Accepted Answer

You can stake your CAKE in PancakeSwap Syrup Pools. Staking only requires CAKE to be added to a Syrup Pool to earn CAKE or other tokens, whereas farming with Yield Farming needs LP tokens to earn CAKE.

Question 7

Is CAKE vulnerable to flash loan attacks?

Accepted Answer

No. CAKE has a hard cap of 400M and its minting is predefined and cannot be adjusted in a single transaction. Ownership cannot be transferred outside of the MasterChef contract, so the token is not vulnerable to flash loan attacks.

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