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PancakeSwap Launches CakePad for Early Access to New Assets

PancakeSwap Launches CakePad for Early Access to New Assets

PancakeSwap introduces CakePad for early token access without staking.

DEX PancakeSwap has unveiled the CakePad platform, offering users early access to new tokens without the need for staking or locking funds.

A Fresh Format for Initial Offerings

CakePad is an updated version of the exchange’s former product, known as Initial Farm Offerings (IFO). According to the developers, during the sale period, any wallet owner can deposit native CAKE tokens and later claim the digital asset. This simplifies participation and removes the complex requirements typical of IFOs.

Unlike centralised exchanges, which often require locking funds or accumulating points, CakePad emphasises a non-custodial approach.

“No staking. No lock-ups. Just commit CAKE and receive new tokens,” PancakeSwap representatives stated.

Burning Fees and a Deflationary Model

All fees for participating in sales through CakePad will be 100% burned. This mechanism is aimed at supporting the deflationary tokenomics of CAKE. The platform also does not impose strict limits on the number of tokens deposited, allowing users to participate in multiple sales simultaneously.

Additionally, PancakeSwap has introduced a “fair tiered subscription tax”: the higher the interest in the event, the lower the fee rate.

Specific projects or dates for the first sales on CakePad have not yet been announced.

Part of the CAKE Tokenomics 3.0 Strategy

The team emphasised that the launch of CakePad is a step within the long-term CAKE Tokenomics 3.0 strategy. It aims to enhance the value of CAKE and reduce its overall supply.

The exchange seeks to ensure an annual deflation rate of about 4% and decrease the available token volume by 20% by 2030 through buyback and burn mechanisms.

Back in August, PancakeSwap added support for perpetual swaps on Apple, Amazon, and Tesla stocks.

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