DeFi is slowly expanding beyond cryptocurrency to have an impact in the real world. As more and more assets are tokenized, the traditional capital market is also developing towards blockchain.
The list of Pancake Swap services is as follows:
Spot transaction
Mobile mining
Syrup Pools (pledge)
Forecast market
lottery
Perpetual futures trading
IFO (several previous issues were quite eye-catching)
NFT
Pancake Swap (referred to as pancake for short) is a decentralized exchange on the BSC network. It adopts the automatic market making business opportunity system to promote token exchange. It was launched by a group of anonymous developers in September 2020.
After the funds are deposited in the account, dYdX users will automatically start to earn interest because their assets are entered into the global lending pool specific to each cryptocurrency.
The segregated margin of dYdX allows users to allocate specific funds in their accounts as part of the transaction, while the cross margin makes use of all the assets that traders retain on the platform.
DYdX runs on the smart contract of Ethereum blockchain, and uses L2 solution to provide traders with efficient and low gas cost transactions, and supports sustainable transactions, loans and loans with leverage ratio up to 25 times.
In the past three years, Uniswap, as a decentralized automated market making transaction protocol, has accounted for about 50% of the contract calls on Ethereum, which is enough to show its unshakable leading position.
At present, most DEX have borrowed some functions from Uniswap in some way to run their own platforms. The protocol has three versions (V1, V2 and V3).
Uniswap, the most popular DEX built on Ethereum, was launched in November 2018. It uses AMM model, liquidity pool instead of order book, and provides LP Token for liquidity provider.