The newest version of PancakeSwap is scheduled to be live on BNB Chain in the first week of April
In the first week of April, the decentralized exchange PancakeSwap is scheduled to update to its third version.
PancakeSwap V3 will provide new features, including enhanced liquidity provisioning, competitive trading costs, trading incentives, and a revised yield farming experience.
In the first week of April, the decentralized exchange PancakeSwap is scheduled to update to its third version.
PancakeSwap V3 will provide additional capabilities to the multi-chain DEX, which claims to have over $438 billion in total trade volume and over $2.5 billion in locked liquidity. Among them are enhanced liquidity provisioning, competitive trading costs, trading incentives, and a tweak to its yield farming experience, according to a release.
In the announcement, Mochi, PancakeSwap’s chief chef, stated, “The additional features we’re adding will provide our customers an even better knowledge and help enable DeFi more readily available than before.”
The updated version will be accessible through BNB Smart Chain. Although PancakeSwap is the main decentralized exchange on the chain at now, Uniswap V3 is scheduled to launch on BNB after its DAO voted in favor of the transfer. According to the governance plan, Uniswap may seek up to half PancakeSwap’s market share.
The previous version of PancakeSwap was deployed on Ethereum and Aptos. In October, the Decentralized Exchange approved a governance plan for its deployment on the Layer 1 blockchain, which former workers of Meta developed.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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