PancakeSwap December Recap

**CMC20 index token is now trading on PancakeSwap** via BNB Chain, marking a significant milestone for crypto indexing. Built by **CoinMarketCap and Reserve Protocol**, CMC20 offers exposure to the **top 20 cryptocurrency assets** in a single tradable token. Key features: - **One-click diversification** across major crypto assets - **Onchain index token** for transparent tracking - **Live trading** on PancakeSwap DEX This launch provides retail investors with **simplified access** to a diversified crypto portfolio without managing individual tokens.

**PancakeSwap** is hosting a weekly AMA featuring **USDD** (@usddio) on November 18 at 7:00 AM UTC. The session will explore: - How crypto-backed, decentralized systems maintain USD pegs - Transparency improvements in DeFi protocols - USDD's role as a decentralized stablecoin **USDD** operates as a crypto-backed stablecoin with 1:1 swap support through the Peg Stability Module (PSM). Built on Tron and BTTC networks, it provides secure, low-fee DeFi access. The AMA will be hosted alongside @yvchiax on [PancakeSwap's Discord](http://discord.gg/pancakeswap). *Join the discussion to learn about stablecoin mechanics and DeFi transparency.*

**PancakeSwap** features five **Binance Alpha** projects on Base network in this week's farms spotlight. Featured liquidity pools include: - **CYPR-USDC** - Cryptocurrency project pairing - **SAPIEN-USDC** - AI/intelligence focused token - **VFY-USDC** - Verification protocol token - **RECALL-USDC** - Memory/data retrieval project - **AVNT-USDC** - Adventure/gaming token All pools are available on [PancakeSwap's Base network](https://pancakeswap.finance) for liquidity provision and farming rewards. The selection highlights **emerging projects** from Binance's alpha program, offering early access to new tokens through decentralized farming opportunities. *Stay updated on new farm launches via their [Telegram channel](https://t.me/pcsliquiditybuffet).*

Hong Kong web3 community meetup scheduled for **November 22** brings together pancakes, DeFi discussions, and networking opportunities. **Featured Projects:** - Brevis ZK - B² Network - EnHeng456 - TinTinLand The casual gathering combines food with blockchain conversations in Hong Kong's growing crypto scene. **Event Details:** - Date: November 22 - Format: Community meetup - RSVP: [Register here](https://luma.com/80qgbv5j) Previous events have drawn significant community participation with token rewards for attendees.

**PancakeSwap burned 1.46M CAKE tokens** valued at $3.71M this week, marking a **3% increase** from the previous period. **Burn breakdown by platform:** - AMM v2: 538k CAKE ($1.37M) - down 20% - **AMM v3: 800k CAKE ($2.04M)** - up 26% - AMM Infinity: 24.7k CAKE ($62.9k) - up 39% - Other sources: 94k CAKE ($239k) - down 5% The protocol maintained a **net mint of -1.28M CAKE** (-$3.25M), indicating continued deflationary pressure. **AMM v3 led the burns** with the highest volume, while v2 activity declined. The smaller AMM Infinity showed strong 39% growth. [View burn proof](https://bscscan.com/tx/0xb77ecf576163ba634610e58c53dccfe6d99ed8da2b2a09b14364e8fe5f4aee9e) | [Burn dashboard](http://pancakeswap.finance/burn-dashboard)