Tag: PancakeSwap

PancakeSwap Joins The Ranks Of DeFi Giants On zkSync Era: Here’s Why It Matters

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Decentralized Exchange (DEX) PancakeSwap (CAKE), has announced the launch of PancakeSwap v3 on zkSync Era, a Layer 2 scaling solution that promises to deliver improved scalability, efficiency, and cost-effectiveness to its users. According to the announcement, with the popularity of ZK rollups increasing and users and builders increasingly looking to L2 solutions, PancakeSwap is thrilled to offer users and developers even more reasons to build and trade on its DEX. The Benefits Of PancakeSwap v3’s Swap Feature On zkSync Era PancakeSwap v3 on zkSync Era comes with several exciting features,…

PancakeSwap aims to enhance platform availability with Google Cloud integration

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied PancakeSwap (CAKE) partners with Google Cloud to achieve high availability and faster operations. Since then, CAKE has hit the fourth spot on top gainers today with a 3.8% price increase in the last 24 hours. Prioritizing continuous availability PancakeSwap, a defi trading platform, announced the start of the use of Google Kubernetes Engine to scale its nodes. The announcement was met with a seemingly positive response from the crypto community. 🤝 PancakeSwap is revolutionizing trading with…

Decentralized exchange PancakeSwap moves into GameFi

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On May 29, decentralized exchange (DEX) PancakeSwap announced that it had launched a new tower-defense GameFi game in conjunction with BNB GameFi protocol Mobox. Dubbed “Pancake Protectors,” the game allows players to utilize the DEX’s native CAKE tokens to earn in-game rewards. Utilities for CAKE tokens within Pancake Protectors include accelerating the level-up process, purchasing in-game currency, claiming CAKE heroes, staking CAKE to earn resources, and unlocking game levels. There will also be an in-game marketplace for trading CAKE heroes, which can be further enhanced by participating in lotteries yielding…

Pancake Protectors to Bring Play-to-Earn to Gaming PancakeSwap Users

PancakeSwap launched the play-to-earn game “Pancake Protectors,” integrating their native token CAKE and offering rewards up to 10,000 CAKE for top-ranked players. On May 29th, PancakeSwap, the decentralized exchange (DEX) operating under the automated market maker (AMM) model, announced the launch of the play-to-earn (P2E) game “Pancake Protectors”, powered by GameFi Mobos’ PvP protocol. Pancake Protectors is based on the subgenre of strategy games known as Tower Defense (TD), where players’ main objective is to protect territories or possessions by strategically placing defensive structures on the assigned map. Pancake Protectors…

PancakeSwap passes proposal that makes CAKE “ultrasound”

PancakeSwap, a leading decentralized exchange (DEX) on the BNB Smart Chain (BSC), has passed the CAKE Tokenomics v2.5 Decision Proposal that makes their native token scarcer.  The proposal aimed to transform the tokenomics model of CAKE, the DEX’s utility token. The primary focus being on low staking inflation where real yield is from the protocol’s revenues. It also looked at adjusting its product to favor longer-term CAKE stakers. Decision Proposal for CAKE Tokenomics v2.5 has passed, which will adjust CAKE Syrup Pool emissions from 6.65 CAKE/block to 3 CAKE/block immediately…

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…