Cake

PancakeSwap is a decentralized finance application. Users can exchange tokens, provide liquidity, and stake tokens to earn rewards.

Staking is a service provided by PancakeSwap Syrup Pools. It allows users to earn extra tokens by just staking CAKE.

CAKE is the governance token for the PancakeSwap protocol. Users can use CAKE to stake, buy lottery tickets, and participate in token sales. CAKE holders can also propose and vote on changes to the PancakeSwap protocol.

Here's one main risk PancakeSwap may have: Contract risk: PancakeSwap smart contracts could be hacked, or bugs in contracts could be exploited. In such cases, your assets may be lost.