The Pancakeswap team announced via Twitter on Tuesday that MasterChef v2 and CAKE Syrup Pool are now available to test on the BNB Smart Chain testnet. MasterChef is a smart contract used to build staking pools on Pancakeswap. The CAKE Syrup pools allow Pancakeswap users to stake CAKE and earn free tokens.
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 less than 8% today and is currently trading at $9.30.