BNB Chain's
Best DEX.

CAKESwap is the #1 decentralized exchange (DEX) and automated market maker (AMM) on BNB Chain. It allows anyone to swap BEP-20 tokens, provide liquidity, earn CAKE rewards through yield farming, stake CAKE in the Syrup Pool, and participate in IFO token launches — all without creating an account or handing over custody of funds. Access it at cake-swap.org.

CAKE is CAKESwap's native utility and governance token on BNB Chain. It is earned through yield farming, liquidity provision, and staking. CAKE can be staked in the Syrup Pool for additional CAKE rewards or partner tokens, locked as veCAKE for governance voting power and boosted farm emissions, and used to participate in IFO token launches. CAKE has a deflationary supply model with regular burns funded by protocol revenue.

Visit cake-swap.org and click "Connect Wallet." Choose a BNB Chain-compatible wallet such as MetaMask (set to BNB Smart Chain), Trust Wallet, Binance Web3 Wallet, or OKX Wallet. Select the token you want to sell in the "From" field, the token you want to buy in the "To" field, enter the amount, review the route and slippage settings, then click "Swap" and confirm the transaction in your wallet. The swap settles on-chain in 3–5 seconds.

CAKESwap V3 charges a tiered fee structure: 0.01% for highly stable pairs (stablecoin-to-stablecoin), 0.05% for correlated pairs, 0.25% for most standard pairs (the default), and 1% for exotic or low-liquidity pairs. Of the standard 0.25% fee, 0.17% goes to liquidity providers as trading revenue and 0.08% is used for CAKE buybacks and burns. There is no additional protocol fee on top of these amounts.

To provide liquidity on CAKESwap V3, navigate to the Pool section, select a token pair and fee tier, choose a price range (concentrated range or full range), and deposit an equal value of both tokens. You receive an NFT position representing your share of the pool. As traders swap through your range, you earn a proportional share of the trading fee. You can withdraw your tokens and accrued fees at any time.

Impermanent loss (IL) occurs when the price ratio of your deposited token pair changes relative to when you deposited. If the ratio returns to the original, IL disappears. CAKESwap V3 concentrated liquidity concentrates your capital in a tighter range, which increases fee income but also amplifies impermanent loss if prices move outside your chosen range. Stablecoin pairs (e.g. BUSD/USDT) experience near-zero IL due to their pegged price relationship.

In MetaMask, click the network dropdown at the top, then "Add Network." Enter: Network Name: BNB Smart Chain; RPC URL: https://bsc-dataseed.binance.org/; Chain ID: 56; Symbol: BNB; Block Explorer: https://bscscan.com. Click Save. You can also click "Connect Wallet" on cake-swap.org and MetaMask will prompt you to add and switch to BNB Chain automatically.

Yield farms reward liquidity providers with additional CAKE token emissions on top of base trading fees. To farm, first provide liquidity to an eligible pair to receive LP tokens, then deposit those LP tokens into the corresponding farm contract. You earn CAKE per block based on the farm's multiplier. CAKE rewards can be harvested at any time and your LP tokens remain fully withdrawable. Farm APRs vary with CAKE price and total deposits.

The Syrup Pool is CAKESwap's single-asset CAKE staking product. Stake CAKE without any other asset and earn either more CAKE or partner project tokens. Flexible staking lets you withdraw at any time with no penalty. Lock staking locks your CAKE for a set period (7 days to 52 weeks) for proportionally higher APY — up to 95.3% for the maximum 52-week lock. Locked CAKE also generates veCAKE governance power.

veCAKE (vote-escrowed CAKE) is non-transferable governance power you receive when you lock CAKE in the Syrup Pool. The amount of veCAKE you hold depends on how much CAKE you lock and for how long — locking more for longer gives you more veCAKE. veCAKE allows you to vote on farm gauge weights (which farms receive more CAKE emissions), participate in governance proposals, access boosted farm yields (up to 2.5×), and qualify for IFO allocations.

IFO stands for Initial Farm Offering — CAKESwap's token launchpad for new BNB Chain projects. veCAKE holders receive allocations to buy project tokens at a fixed price before public trading opens. The IFO model uses CAKE raised in the sale to perform a buyback-and-burn, reducing CAKE supply. Over 48 IFOs have launched on CAKESwap, making it the premier token launch platform on BNB Chain.

CAKESwap is non-custodial — it never holds your funds. All smart contracts are open-source, verified on BscScan, and audited by Certik, PeckShield, SlowMist, and Trail of Bits. The protocol has a $2M bug bounty program. However, like all DeFi protocols, risks including smart contract bugs, impermanent loss, and volatile token prices exist. Always verify you are on cake-swap.org and never share your seed phrase with anyone.

CAKESwap supports any BNB Smart Chain-compatible wallet: MetaMask, Trust Wallet, Binance Web3 Wallet, OKX Wallet, Coinbase Wallet, SafePal, TokenPocket, Math Wallet, and WalletConnect-compatible mobile wallets. Hardware wallets (Ledger, Trezor) work via MetaMask bridge. The wallet must be set to BNB Smart Chain (Chain ID: 56) to interact with CAKESwap.

CAKESwap V3 introduces concentrated liquidity, allowing LPs to specify the price range where their capital is active. This means capital earns fees only when trading activity occurs within the chosen range — dramatically increasing capital efficiency (up to 4,000×) for in-range positions. V3 also introduces multiple fee tiers (0.01%, 0.05%, 0.25%, 1%) and LP positions are represented as NFTs rather than fungible LP tokens. V2 pools remain operational alongside V3.

For major liquid pairs like BNB/USDT or CAKE/BNB, 0.1%–0.5% slippage is sufficient. For mid-cap tokens with less liquidity, 0.5%–1.0% is typically appropriate. For small-cap or newly launched tokens, you may need 1%–5% or higher. Setting slippage too low causes transactions to fail if price moves during confirmation. Setting it too high makes your transaction vulnerable to MEV sandwich attacks. The default 0.5% works for most trades.

BNB Chain (BSC) gas fees are very low — typical swap transactions cost $0.05–$0.20 in BNB. More complex operations like adding liquidity or staking may cost $0.10–$0.50. Always keep at least 0.05 BNB in your wallet to cover gas. Unlike Ethereum, you will almost never spend more than $1 in gas on a single CAKESwap transaction, making it accessible for smaller trade sizes.

CAKESwap burns CAKE tokens through several mechanisms: a weekly burn funded by a portion of swap fees, burns from IFO token sales (CAKE used to buy IFO tokens is burned), burns from lottery ticket purchases, and burns from NFT Market transaction fees. The goal is to maintain a deflationary CAKE supply over time. Burn statistics and total CAKE burned are visible in CAKESwap's analytics dashboard.

Yes. CAKESwap is a fully decentralized protocol requiring no registration, email address, phone number, or identity verification of any kind. Connect your wallet and start trading immediately. This is a fundamental property of decentralized finance on BNB Chain — you interact directly with smart contracts, not a company holding your account.

The CAKESwap smart router automatically finds the best price path for your swap across V2 pools, V3 concentrated liquidity positions, and stable swap pools simultaneously. It can split a single trade across multiple routes and pool types if that results in less price impact than routing through a single pool. The best route is computed off-chain and passed to the on-chain router contract which executes all hops atomically.

Key risks of yield farming include: impermanent loss from token price divergence (you may receive less value than you deposited), CAKE token price risk (farm APRs are quoted in CAKE which can decline in USD value), smart contract risk (mitigated by audits but not zero), and liquidity risk if you farm with illiquid tokens. Always research the tokens in a pool and understand impermanent loss before depositing significant capital.

CAKESwap does not have a standalone native mobile app, but it is fully mobile-optimized at cake-swap.org and works perfectly in mobile browsers. For the best mobile experience, use the built-in dApp browser in Trust Wallet or Binance Web3 Wallet, which pre-connects your wallet to the BNB Chain network. WalletConnect also links any desktop session to your mobile wallet via QR code.

To bridge assets from Ethereum to BNB Chain: use the official Binance Bridge, Stargate Finance, or Celer cBridge. Connect your Ethereum wallet, select the token and amount to bridge, choose BNB Smart Chain as the destination, and confirm. ETH-bridged USDT or USDC arrives as BEP-20 tokens ready to use on CAKESwap. Allow 5–15 minutes for bridge confirmation. Always verify bridge contract addresses through official project channels.

CAKE is the raw token earned from farming and used for staking. CAKE-LP (or V3 NFT positions) represents your share of a specific liquidity pool — you receive it when you provide liquidity and return it when you withdraw. sCAKE is the Syrup Pool staked CAKE receipt token for flexible staking — it appreciates in CAKE value over time as rewards accrue, similar to how ETH staking derivatives work on Ethereum.

CAKE farm rewards accrue continuously per BNB Chain block (approximately every 3 seconds). They accumulate in the farm contract and can be harvested ("collected") at any time by clicking Harvest in the farm UI. There is no minimum harvest period. Harvesting incurs a small gas fee in BNB. For small positions, it may be more efficient to wait and harvest less frequently to reduce the relative gas cost per CAKE collected.

The primary Syrup Pool always offers CAKE rewards. Additionally, CAKESwap regularly adds partner project pools where staking CAKE earns you tokens from BNB Chain ecosystem projects such as new DeFi protocols, gaming tokens, and infrastructure projects. Partner pools have fixed end dates. New pools are announced via CAKESwap's official Twitter, Telegram, and Discord channels.

CAKE does not have a hard maximum supply cap — it has a target emission rate that is periodically reduced via governance votes, balanced by ongoing burns from protocol revenue. The burn-to-mint ratio is designed to maintain CAKE as a deflationary or near-flat supply token over time. Current supply, emission rate, and cumulative burns are published in real-time on the CAKESwap analytics page.

Flexible staking in the Syrup Pool has no lock period, no minimum, and no penalty — your principal CAKE is always fully withdrawable. Locked staking commits your CAKE for the chosen duration; you cannot withdraw before the lock expires. In both cases, your staked CAKE principal is not at risk of liquidation or loss — only the CAKE price in USD can decline. Early withdrawal from locked staking is not supported.

Your connected wallet address shows all positions in the CAKESwap interface. For full transaction history including historical swaps, liquidity events, and farm deposits, search your wallet address on BscScan (bscscan.com) and filter by contract interaction. Third-party portfolio trackers like DeBank, Zapper, and Zerion also support CAKESwap positions on BNB Chain and show USD values for all open positions.

Yes. CAKESwap offers limit orders that execute on-chain when the market price reaches your target. Set your desired buy or sell price in the Swap interface's Limit tab, specify the amount, and submit the order. Your tokens are held in the limit order smart contract until execution or cancellation. Decentralized keeper bots monitor prices and execute orders when conditions are met. Cancelling an unfilled order is free except for a small gas fee.

CAKESwap offers decentralized perpetual futures trading powered by a peer-to-pool model. Trade BNB, BTC, ETH, and other assets with up to 50× leverage directly from your wallet. There is no order book — all positions are settled against the liquidity pool with oracle-based price feeds. Funding rates and position fees apply. Perpetuals are best suited for experienced traders familiar with leverage mechanics and liquidation risk.

CAKESwap is a permissionless DEX — any BEP-20 token can be traded if liquidity is provided, regardless of legitimacy. Before trading any token, verify its contract address on BscScan and check for red flags: ownership not renounced, transfer restrictions, high buy/sell taxes, honeypot code. Use token scanners like TokenSniffer or BscScan's token audit tools. Report scam tokens to CAKESwap's community Discord and to the Binance security team. Never trust token addresses shared in social media DMs.

All official CAKESwap smart contract addresses are documented at cake-swap.org/docs and pinned in our official Telegram and Discord channels. Always verify contract addresses through these official channels before approving or interacting. The official CAKESwap router address and factory address are verified on BscScan with the CAKESwap label. Never interact with unlabeled or community-posted contract addresses without independent verification.