PancakeSwap aims to provide a decentralized platform for token trading, yield farming, and staking. It also offers a prediction market, IFO token launches, a bridge to Ethereum and Aptos, a lottery, and an NFT marketplace. One of the innovative features of PancakeSwap is the Position Manager, which introduces auto-compounding of rewards, thus all fees and rewards earned by the liquidity position are automatically compounded back into the pool. This feature aims to increase a provider's position over time through the power of compounding. Furthermore, PancakeSwap has introduced a compensation program, distributing a portion of transaction fees weekly to CAKE stakers proportional to the amount and duration of their staked CAKE.