Tag: PancakeSwap

PancakeSwap (CAKE) Price Continues Plunging, Loses 30% in One Week, Here’s Why

Despite being one of the major decentralized exchanges, customers of PancakeSwap are fast losing confidence in the platform. While there hasn’t been so much activity in the overall cryptocurrency market in the past few days, the same cannot be said of PancakeSwap whose CAKE token continues to lose value. PancakeSwap (CAKE) price action in the last 7 days. Photo: CoinMarketCap As seen in the chart above, the token has shed over 34% of its value in just seven days. And, as of publication, it was seen trading at $2.71. However,…

PancakeSwap wants to cap token inflation rate at 3%–5% per year

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Decentralized exchange (DEX) PancakeSwap wants to lower its token inflation to anywhere between 3% and 5% per annum, far below current rates of over 20%.  In a proposal released on April 18, the DEX cited the need to transition CAKE (CAKE) into a staking model characterized by “low staking inflation,” “real yield drawn from PancakeSwap’s protocol revenues” and “product benefits favoring longer-term CAKE stakers.” “This is a significant and important change for PancakeSwap,” the DEX wrote, while providing an opportunity for tokenholders to vote on appropriate changes and a feedback…

PancakeSwap v3 is live on BNB Chain and Ethereum, could boost presale tokens like digitoads

The goal of every decentralized finance (DeFi) token is to eventually list on decentralized exchanges. The advantages that follow could boost growth and increase project activity.  PancakeSwap v3 recently launched on BNB Chain (BSC) and Ethereum. The ripple effect of this development could positively affect tokens like DigiToads (TOADS), which are currently on their presale, possibly augmenting their chances of success. This article develops on the significance of the PancakeSwap v3 listing and its impact on presale tokens like digitoads (TOADS). >> Buy DigiToads Now << DigiToads prices may benefit Integrating PancakeSwap…

Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum Blockchains – Defi Bitcoin News

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On Monday, April 3, the decentralized exchange (dex) platform Pancakeswap launched version 3 of its protocol (v3) on the Binance Coin (bnb) and Ethereum blockchains. The new application aims to improve the performance of the dex protocol and reduce fees by implementing four levels of trading fees. New Features and Improved Capital Efficiency Offered in Pancakeswap Version 3 On Monday, Pancakeswap launched version three of its protocol on the Ethereum and Binance Coin (BNB) blockchains, following an announcement in the first week of March. “It’s Pancakeswap v3 Day. Tell us…

PancakeSwap DEX Launches Version 3 with Improved Performance & Lower Fees

The PancakeSwap DEX Version 3 also looks to introduce a “VIP” trading rewards program and a position manager feature down the stretch.  PancakeSwap DEX has launched Version 3 on Ethereum and BNB Chain, offering improved performance and lower fees. According to reports, Version 3 introduces four different trading fee tiers of the cheapest on-chain trading fees among the decentralized exchange’s contemporaries. Notable counterparts, in this case, include Uniswap and SushiSwap. PancakeSwap’s touted trading fee tiers are 0.01%, 0.05%, 0.25%, and 1%. These fee tiers compare favorably with the DEX’s previous Version 2 single…

PancakeSwap changes its recipe with the launch of Version 3

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Decentralized finance (DeFi) protocol PancakeSwap has launched version 3 of its automated market maker platform on BNB Chain and Ethereum, with the upgrade encompassing performance improvements and lower fees. Enhanced capital efficiency is cited as a key aspect of the upgrade, with a change in how liquidity providers can allocate capital on specific price intervals. In the previous version of PancakeSwap, liquidity from providers (LPs) was distributed uniformly along the price curve of trading pairs, which the platform notes was inefficient given that assets typically trade within certain ranges. V3…

Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April – Defi Bitcoin News

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On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform’s yield farming experience. Pancakeswap Announces Version 3 Launch Date Pancakeswap, the multichain dex platform, announced the launch of the program’s third iteration, called Pancakeswap v3. The application is set to go live during the first week of April on the Binance…