PancakeSwap (CAKE) is a decentralized exchange (DEX) running on the Binance Smart Chain (BSC). It allows users to trade cryptocurrencies without centralized intermediaries by offering automated market making (AMM) features that provide liquidity through liquidity pools. Users can stake their tokens into liquidity pools, earning transaction fees and CAKE token rewards. PancakeSwap also offers income farming, staking, lottery and various gaming features, making the platform not only a trading ecosystem but also a gaming ecosystem.