Difference Between Kebab Finance and PancakeSwap

Kebab finance, a decentralized exchange platform, operates on the mechanism of automated market-making. Through liquidity and staking, the users can earn kebab coins.

Pancakeswap is another food-themed binance smart chain. It is a DEX launched by an anonymous group of people. It is similar to Ethereum’s Sushiswap.

Comparison Table Between Kebab Finance and PancakeSwap 

Parameters of comparison
Kebab FinancePancakeSwap
Definition Based on Decentralised exchange, it is a binance chain-based digital platform.   It is a platform that operates on an Automated market marker, and it is also a decentralized exchange platform.    
Year of EstablishmentIt was established, recently at the beginning of the year 2020.It was launched in the month of September, almost at the end of 2020.
CryptocurrenciesIt works on BSC coins, tokens, or currency.  It involves various types of tokens, each of which earns unique rewards.
AdvantagesSome of the advantages are that it also permits the user to earn kebab tokens through the platform called pancakeswap. It provides with a, knows your customer policy which makes the process seamless for users.
DisadvantagesSometimes making transactions or working with highly volatile assets can set the user at risk. One has to have a clear knowledge of trading digital assets. If not, it might lead to severe losses. 

What is Kebab Finance?

Kebab finance, though established recently, has a lot of wonderful features. Through its features and performance, it has earned a lot of profits and reached a great height.

Through its BEP-20 tokens, the platform can be either staked or also be divided and stored across various syrup pools. It also rewards the users with KEBAB and BTCB.

This is a unique feature that most of the platforms do not offer. It also charges a low fee and enables swift yet simple transactions. 

The transactions take a maximum of 5 seconds, and it is one of the fastest networks in this aspect. The yield produced by kebab finance is of high profits that can not be provided even by centralized banks.

Totally is has around 9 pools of liquidity. It might involve a lot of risks when pooling and dealing with assets that have high volatility.

What is PancakeSwap?

An automated market maker is a mechanism that is used in PancakeSwap. It doesn’t have any order books that identify when you match with someone.

The funds are deposited, and the users receive liquidity provider tokens. Those tokens help them to reclaim or redeem their shares.

The LP tokens are of different types, which are referred to as flavors. Adding BUSD and BNB tokens to the pool return the users with BUSND BNB LP tokens.

The tokens deposited by the users in LP tokens can also be used to form CAKE. The user’s CAKE can also be staked to earn other tokens.

Main Differences Between Kebab Finance and PancakeSwap 

  1. In Kebab Finance, dealing with high volatile assets becomes a risk, whereas, in PancakeSwap, automatic pooling might be risky.
  2. Kebab Finance is user-friendly, whereas, in PancakeSwap, its process of rewards and tokens is quite unique.

Conclusion

Cryptocurrencies have several benefits, due to which they are widely used. One of the advantages of cryptocurrencies is their low fees.

It eliminates fraud reduction, and it is completely eradicated. It eliminates reversing the payments are other procedures with loopholes.

It ensures instant, quick, safe, and also secure payments and transactions. It is hassle-free and takes very less amount of time.

References

  1. https://books.google.com/books?hl=en&lr=&id=FRMxEAAAQBAJ&oi=fnd&pg=PA4&dq=pancakeswap&ots=Jc5f0ZBw_T&sig=O4moFi4Ny6H1wcXx4Hc2h2nB_m0
  2. https://www.researchgate.net/profile/Einar-Santos/publication/350124220_Reference_System_for_DeFi_-_A_novel_Algorithmic_Token_with_Intelligent_and_Dynamic_Supply_Control/links/605253a2a6fdccbfeae931f4/Reference-System-for-DeFi-A-novel-Algorithmic-Token-with-Intelligent-and-Dynamic-Supply-Control.pdf
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