The Pancakeswap announced on Wednesday via Twitter that the GMI (the native token of GamiFi) Farm and Syrup Pool is now live on its platform. Pancakeswap users can stake CAKE tokens and earn GMI in return. GamiFi is an initial dex offering (IDO) launchpad designed for metaverse-focused projects.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by less than 4% so far today and is currently trading at $9.04.