PancakeSwap Introduces Farm Auctions
Project can bid with $CAKE to win a 7-day farm.
What are Farm Auctions?
Farm auction is where project teams can compete with each other to bid for a week-long incentivized farm for their token, by bidding with CAKE tokens.
About PancakeSwap
PancakeSwap is decentralized exchange and 1st Automated Market Maker and Yield Farming on Binance Smart Chain.
PancakeSwap uses an automated market maker (AMM) model. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a liquidity pool.
