The Pancakeswap team told its community via Twitter on Thursday that the Project Galaxy Farm and Syrup Pool are live on Pancakeswap. Users can now stake CAKE tokens to earn GAL. Furthermore, the annual percentage rate (APR) will drop as liquidity increases, Pancakeswap added.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by more than 4% today and is currently trading at $7.44.