An exchange, commonly referred to as a swap exchange, is a decentralised exchange platform where tokens and coins can be exchanged directly peer-to-peer. This is done quite simply without a central exchange.
PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. Such pools are filled with users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.
A growing network of DeFi Apps.
Developers, traders, and liquidity providers participate together in a financial marketplace that is open and accessible to all.
1Hive is a DAO that issues and distributes a digital currency called Honey. Honey holders stake on proposals using Conviction Voting to determine how issuance is distributed. By supporting proposals that increase the value of Honey, a positive feedback loop drives growth and sustainability.