CAKE token
Overview
CAKE is the native utility token of PancakeSwap, a decentralized exchange (DEX) built on the BNB Chain. It is used for governance, staking in Syrup Pools, yield farming, and participation in the PancakeSwap lottery.
Within the DeFi Intel graph, CAKE connects to 4 tracked entities, most strongly to PancakeSwap AMM, PancakeSwap AMM V3, PancakeSwap.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | PancakeSwap AMM | 95% |
supports_token | PancakeSwap AMM V3 | 95% |
governs | PancakeSwap | 90% |
deployed_on | BNB Chain | 85% |
Frequently asked questions
What is CAKE?
CAKE is the native token of PancakeSwap, a decentralized exchange on BNB Chain, used for governance, staking, and earning rewards through liquidity provision.
How is CAKE different from other DEX tokens?
CAKE powers unique features like Syrup Pools (staking pools) and a lottery system, and it is earned by providing liquidity or staking other tokens.
What is the supply mechanism for CAKE?
CAKE launched in 2020 with an uncapped, inflationary supply. It later introduced a hard maximum-supply cap (reduced over time to 400 million as of 2026) and became net deflationary, burning more CAKE than it emits.
What is CAKE connected to?
In the DeFi Intel knowledge graph, CAKE is linked to 4 other tracked entities, most strongly to PancakeSwap AMM, PancakeSwap AMM V3, PancakeSwap.
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