PancakeSwap Token (Cake) API and Price Oracle

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PancakeSwap Token

For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is PancakeSwap Token (Cake)?

PancakeSwap Token (Cake) is the native cryptocurrency of the PancakeSwap decentralized exchange (DEX) on the Binance Smart Chain (BSC). It was launched in 2020 as a direct competitor to Uniswap on Ethereum. Cake serves multiple purposes within the PancakeSwap ecosystem, including governance and providing liquidity. The platform was created by an anonymous developer or group known as "Chef Hops." The name PancakeSwap is derived from the concept of "flipping" tokens like pancakes on a griddle.

How does PancakeSwap Token work?

PancakeSwap Token (CAKE) is the native token of PancakeSwap, a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). The BSC is a blockchain platform that aims to provide high-speed and low-cost transactions by using a variation of the Ethereum Virtual Machine (EVM).

PancakeSwap operates on an automated market maker (AMM) model, similar to other popular DEXs like Uniswap. It allows users to trade cryptocurrencies directly from their digital wallets without the need for an intermediary. The key technology behind PancakeSwap is the use of liquidity pools.

Users can participate in PancakeSwap by providing liquidity to these pools. Liquidity providers deposit pairs of tokens into the pools, and in return, they receive liquidity pool tokens. These tokens represent their share of the pool and can be used to reclaim their portion of trading fees generated by the platform.

Trades on PancakeSwap are facilitated through smart contracts set up by users, which interact with the liquidity pools. When a trade is executed, the smart contract algorithmically determines the token exchange rate based on the available liquidity in the pools. This model ensures that trades can be executed even during periods of low liquidity.

PancakeSwap Token (CAKE) plays a crucial role in the platform's ecosystem. It is used for governance decisions, allowing token holders to vote on proposals and changes to the platform. Additionally, CAKE holders can stake their tokens in farming pools to earn additional rewards.

Overall, PancakeSwap Token works by leveraging the Binance Smart Chain and its efficient AMM model to provide users with a decentralized and user-friendly trading experience.

What are the benefits of PancakeSwap Token?

PancakeSwap Token (CAKE) offers several benefits compared to its direct competitors in the decentralized finance (DeFi) space.

Firstly, PancakeSwap operates on the Binance Smart Chain (BSC), which provides lower transaction fees and faster confirmation times compared to Ethereum-based platforms like Uniswap. This makes PancakeSwap Token a more cost-effective option for traders and users looking to participate in DeFi activities.

Additionally, PancakeSwap Token offers high liquidity due to its large user base and the ability to swap a wide range of tokens. The platform has gained popularity for its user-friendly interface and intuitive swap and liquidity provision features. This ease of use has attracted both newcomers and experienced traders to PancakeSwap.

Furthermore, PancakeSwap Token benefits from a supportive community and active development. The project regularly introduces new features and updates to enhance its functionality and security. This continuous innovation contributes to PancakeSwap's competitive edge in the DeFi ecosystem.

While PancakeSwap Token has gained significant popularity, it's important to mention its direct competitors. Uniswap, operating on the Ethereum network, is a major player in the DeFi space, known for its early-mover advantage and robust ecosystem. Sushiswap is another notable competitor, which offers similar functionalities with a focus on incorporating additional features and partnerships.

In conclusion, PancakeSwap Token's benefits stem from its lower fees, faster transaction times, user-friendly interface, high liquidity, active development, and supportive community. However, it's important to research and assess other platforms such as Uniswap and Sushiswap to determine the best fit for individual needs and preferences.

What is PancakeSwap Token used for?

The PancakeSwap token (CAKE) is the native cryptocurrency of the PancakeSwap decentralized exchange (DEX) built on the Binance Smart Chain (BSC). It serves multiple purposes within the PancakeSwap ecosystem.

Firstly, CAKE is used as a governance token, allowing token holders to propose and vote on changes to the protocol. This gives CAKE holders a say in the decision-making process, such as determining fees, adding or removing tokens, or implementing new features.

Secondly, CAKE is used for staking and yield farming on the PancakeSwap platform. Users can lock up their CAKE tokens in staking pools to earn additional CAKE rewards. Yield farming involves providing liquidity to various trading pairs on PancakeSwap, and in return, users earn CAKE tokens as rewards.

Furthermore, CAKE can be used for transaction fee discounts on PancakeSwap. By holding and using CAKE, users can reduce the fees they pay for transactions on the platform, making it more cost-effective to trade and interact with various DeFi protocols.

One specific use case for CAKE is participating in Initial Farm Offerings (IFOs) on PancakeSwap. IFOs allow projects or tokens to raise capital by conducting token sales on the PancakeSwap DEX. Users can use CAKE tokens to participate in these sales and potentially gain early access to promising projects.

In conclusion, the PancakeSwap token (CAKE) serves as a governance token, facilitates staking and yield farming, provides fee discounts, and enables participation in IFOs. Its versatile utility within the PancakeSwap ecosystem contributes to the overall functionality and engagement of the platform.

What is DIA's PancakeSwap Token API?

DIA's PancakeSwap Token API is one of the many API endpoints provided by DIA. DIA's APIs offer real-time price feeds of various crypto assets, including PancakeSwap Token. These price feeds are constructed using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in comprehensive and accurate information.

DIA does provide free API endpoints for developers to test and access general price feed data. These free endpoints can be found on the asset's detail page in the DIA App and are provided purely for informational purposes. They come in a standardized format and offer a simple way for developers to experiment and integrate DIA's data into their applications.

However, DIA's main focus is on providing custom feeds tailored to the specific needs of users. These custom feeds can be configured based on different sources, methodologies, update mechanisms, and more. To request a custom feed, users can get in touch with DIA via Discord or Telegram.

The custom feeds are especially beneficial and useful as they allow users to fine-tune the price data according to their requirements. This level of customization can be particularly valuable for various use cases within the blockchain ecosystem, such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets in DeFi applications. Additionally, in NFTfi applications, custom feeds can facilitate peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

In summary, while DIA does offer free API endpoints for testing, they emphasize the provision of custom feeds tailored to users' specific needs. These custom feeds provide more flexibility, allowing users to fine-tune the price data for their particular use cases in the blockchain ecosystem. Overall, DIA's PancakeSwap Token API and other APIs offer valuable price feed data for developers and users in the crypto space, supporting various DeFi and NFTfi applications.

What is DIA's PancakeSwap Token price oracle?

DIA's PancakeSwap Token price oracle is a smart contract that provides real-time price feeds for cryptocurrencies. DIA stands out by offering a wide range of integrations with 35+ layer 1 and layer 2 networks, allowing the deployment of price oracles across multiple blockchains. These oracles are constructed using raw data from over 85 on-chain and off-chain exchanges, ensuring accurate and reliable price information.

While DIA provides free demo oracles for developers to test, these are intended for experimentation purposes only and cannot be integrated into production applications. However, DIA also offers custom configuration options for price oracle data feeds. Users can request a dedicated price feed oracle tailored to their specific needs, including sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA through Discord or Telegram.

The applications of DIA's price oracles are diverse and span across various sectors of the blockchain ecosystem. In the DeFi space, these oracles can be used for derivatives, options and futures markets, lending and borrowing platforms, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFTfi realm, DIA's oracles enable functionalities such as peer to pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

In blockchain technology, an oracle acts as an external information provider that supplies verified data from outside the blockchain to smart contracts. Oracles play a crucial role in enabling smart contracts to interact with real-world data, ensuring the accuracy and reliability of information used in decentralized applications.

Overall, DIA's custom oracles offer a powerful solution for obtaining reliable price feeds tailored to specific needs, opening up a multitude of possibilities for developers and users in the blockchain ecosystem.

Why use DIA's Cake API & price oracle?

DIA's Cake API and Cake Price Oracle offer a wide range of benefits for users in the blockchain ecosystem. These technologies provide users with access to accurate and reliable price data for cryptocurrencies and NFTs.

One of the key advantages of using DIA's API and Price Oracle for a specific token is the high level of customisation available. Users can tailor each oracle and API endpoint to suit the needs of their decentralised applications. This includes configuring data sources for the feed, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency. This customisation ensures that the data and oracle remain robust and resilient in various market conditions, providing global and individual or cross-chain market prices.

Transparency is another major benefit of DIA's API and Oracle feeds. They offer complete visibility and granular transparency throughout the entire data journey. Furthermore, DIA provides tracking and monitoring tools to closely monitor its oracle and API feeds, enhancing trust and reliability.

Overall, DIA's Cake API and Cake Price Oracle provide users with customisable, transparent, and reliable solutions for accessing price data in the blockchain ecosystem.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.