The Pancakeswap team announced via a blog post on Wednesday that it has launched yield-farming on Linea PancakeSwap. The feature allows users to earn CAKE rewards by staking their LP tokens in liquidity pools.
Yield farming enhances the DEX ecosystem's liquidity and trading experience while allowing users to reap the benefits of passive income growth.
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 1% today and is currently trading at $1.292.