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Pancakeswap Introduces Fixed-Term And Flexible Staking

Twitter icon  •  Published 4 years ago on April 26, 2022  •  Hassan Maishera

The Pancakeswap team announced via Twitter on Monday that fixed-term and flexible staking options are now available on its decentralized exchange.

Pancakeswap Introduces Fixed-Term And Flexible Staking

The Pancakeswap team announced via Twitter on Monday that fixed-term and flexible staking options are now available on its decentralized exchange. However, it said fixed-term staking of CAKE tokens leads to higher Annual Percentage Yield (APY) while flexible staking has lower APY, but users can access their CAKE tokens at demand. 

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 5% today and is currently trading at $8.563.

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Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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