APT

PancakeSwap Launches Syrup Pools on Aptos, Now Top Aptos DEX

by BSCN

December 20, 2022

PancakeSwap has another incentive for users to migrate over to Aptos with the latest development.

CAKE Pools on Aptos

PancakeSwap has continued its migration to Aptos by adding CAKE Syrup Pools to its offerings on the nascent network. The move is the latest since the Farms release of the PancakeSwap domino effect into Aptos.

The latest product offering on Aptos from the largest decentralized exchange (DEX) from BNB Chain––announced via Medium post by Chef Berries on Dec. 20––brings versatile CAKE utility to the Aptos network. Syrup Pools let users deposit CAKE and start earning. The first token in the Syrup Pool to earn will be stAPT, secured through Ditto Finance.

“Syrup Pools are the simplest way to earn tokens on PancakeSwap. You just need to stake your CAKE and relax while you earn tokens. It’s really that easy,” writes Chef Berries.

The Aptos Network is a great place for CAKE passive income. The PancakeSwap team requires users to bridge CAKE to the new network, so the token's price remains the same. PancakeSwap has quickly and nicely become the top DEX on Aptos, taking full advantage of a first-move play.

PancakeSwap currently holds $23.56 million in Total Volume Locked through Aptos, according to DefiLlama. The DEX holds a 45% dominance on Aptos as opposed to 53% on BNB Chain.

“With the addition of Syrup Pools, we are one step closer to launching all our core products on Aptos,” added Chef Berries. “Just like with Farms, more Syrup Pools will be added soon so that all users can enjoy the unified PancakeSwap experience.”

What is PancakeSwap:

PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.

In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BNB Chain.