The Pancakeswap team announced via Medium on Friday that its MasterChef V2 is coming soon. According to Pancakesap, the new MasterChef contract will allow Chefs to have much better and comprehensive control over CAKE emissions and how the CAKE rewards get distributed.
MasterChef is a smart contract that is used to build staking pools. With MasterChef, users can lock their tokens in the smart contract, and in exchange, they will get a token reward.
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 more than 10% so far today and is currently trading at $10.23