PancakeSwap Perpetual V2 Dumb mode is now available on Arbitrum
PancakeSwap announced on X platform that PancakeSwap Perpetual V2 Dumb mode is now available on Arbitrum.
PancakeSwap destroys $21 million worth of CAKE
According to official sources, PancakeSwap has burned 9,235,605 CAKE tokens, worth approximately $21 million.
Justin Sun address withdraws approximately $2.34 million in liquidity from PancakeSwap
On November 23, as monitored by PeckShield, Justin Sun withdrew 11.5 million TRX (approximately $1.17 million) and over 1.16 million USDT (approximately $1.17 million) in liquidity funds from PancakeSwap.Subsequently, the address bridged 11.5 million TRX to BitTorrent.
Pancakeswap Implements New Voting System for Governance Token Holders
Pancakeswap, the third-largest decentralized exchange in terms of total value locked, has introduced a new voting system called "Gauges." This system enables governance token holders to vote for additional rewards to be distributed to specific pools. The exchange has also replaced its vCAKE metric with a new metric called "veCAKE." To gain the ability to vote, CAKE holders must lock their tokens into a smart contract for a set period, and the longer they lock their tokens, the more voting power they receive. The exchange has eliminated its syrup pool reward system and will now only give additional fees to users who have veCAKE.
PancakeSwap launches new CAKE release governance system Gauges Voting and veCAKE
PancakeSwap announced the launch of a new CAKE release governance system, Gauges Voting and veCAKE. Among them, the Gauges Voting voting system allows veCAKE holders to influence the allocation of CAKE releases when launching mining products on BNB Chain, Ethereum, and Arbitrum. PancakeSwap's DAO governance is currently driven by veCAKE, which is a new voting custody (ve) system independent of vCAKE. The veCAKE token allows voting on governance proposals for PancakeSwap and determines CAKE release allocation through Gauges Voting.
The PancakeSwap community proposes to increase the voting power required to create a proposal from 10 vCAKE to 1000 vCAKE
The PancakeSwap community has proposed "Adjusting Voting Power Requirements to Reduce Spam" by increasing the required voting power for creating proposals from 10 vCAKE to 1000 vCAKE. This will allow more active contributors to be heard and make suggestions, while also preventing spam proposals from dominating the discussion. The voting deadline for this proposal is November 17th at 6:00 PM.
PancakeSwap launches PancakeSwap Gaming Marketplace
On November 15th, PancakeSwap announced on social media the launch of the PancakeSwap Gaming Marketplace, which supports creating, building, and playing games. Currently, it supports two flagship games: Pancake Protectors and Pancake Mayor for Binary X.
THORChain’s trading volume reached $1.32 billion last week, second only to Uniswap and PancakeSwap
On November 13th, according to DefiLlama's data, THORChain's trading volume reached $1.32 billion last week, second only to Uniswap ($10.85 billion) and PancakeSwap ($2.77 billion). THORChain's trading volume in the past 24 hours was $334.3 million, ranking second and nearly $50 million higher than the third-ranked PancakeSwap. At the same time, according to CoinGecko's data, RUNE rose 51% in the past week and more than 200% in the past 30 days.
PancakeSwap Adds Portfolio Manager Functionality in Partnership with DeFi Protocol Bril Finance
PancakeSwap, a decentralized crypto exchange, has partnered with DeFi protocol Bril Finance to introduce portfolio manager functionality. The new feature enables users to deposit tokens into single-asset vaults via the exchange's user interface, which then go into a liquidity provision algorithm with automatic rebalancing. <br>
PancakeSwap: CAKE pool release amount has been reduced from 0.5 CAKE per block to 0.35 CAKE
Decentralized trading protocol PancakeSwap has reduced the release amount of CAKE tokens in each block from 0.5 to 0.35 following the previously passed CAKE token economics 2.5 proposal.
Coin98 announces the ranking of Top DEX monthly active users: PancakeSwap has approximately 900,000 people, returning to the top of the list
Coin98 Analytics, the Top DEXs active user rankings for the past month have been released. PancakeSwap has regained the top spot with 899,550 active users, SyncSwap is in second place with 851,550 activeusers，Uniswap has dropped to third place with 510,930 active users.
PancakeSwap: Over 8.92 million CAKEs have been destroyed, worth approximately US$10 million
On October 23, according to official sources, PancakeSwap has burned 8,927,136 CAKE, which is approximately worth 10 million US dollars.
PancakeSwap’s proposal to add FDUSD Farm has been approved
On October 22nd, the governance platform displayed that the proposal to add FDUSD Farm to PancakeSwap has been approved. This will provide CAKE rewards for FDUSD-USDT's V3 LP. The proposal received a support rate of 87.5%.
Transaction Volume of PancakeSwap V3 Exceeds $850 Million Within 2 Months After Launch on zkSync Era
PancakeSwap announced on X platform that the trading volume of PancakeSwap V3 on zkSync Era has exceeded $850 million within 2 months.
A Certain MEV Bot Made a Profit of US$1.575 Million Through a Flash Loan Attack at a Cost of US$4.16
On October 12th, EigenPhi data showed that a certain MEV Bot made a profit of $1.575 million by using a flash loan attack that cost $4.16. The Bot borrowed 7300 WETH and 2.64 million USDC, and manipulated the price of the BH token on PancakeSwap V3 to achieve arbitrage.
Pancakeswap integrates Transak to provide fiat purchasing capabilities on multiple chains
Pancakeswap has integrated Transak as a provider in its "buy cryptocurrency" tab, providing additional options for Pancakeswap users when purchasing cryptocurrency. Transak is the third provider added to Pancakeswap after Mercuryo and Moonpay. According to the announcement, Transak will provide "over 20 different payment options" based on global demand, including debit cards, Google Pay, Apple Pay, bank transfers, and will offer nine different cryptocurrencies across seven different blockchain networks to Pancakeswap users. <br>
PancakeSwap Launches Proposal to Reduce V2 Output Cake
PancakeSwap has proposed to reduce the production of CAKE through the reduction of Farm rewards in V2, in order to migrate liquidity to the more efficient V3 and decrease the total production of CAKE. The current proposal has a support rate of 94.28%.
PancakeSwap Initiated a Proposal To Increase CAKE Distribution Rewards in Base
On September 5th, according to the PancakeSwap governance page, PancakeSwap proposed to add CAKE distribution rewards on Base, with a plan to allocate 0.015 CAKE per block and a voting support rate of 97.65%.
PancakeSwap goes online on Coinbase L2 network Base
On August 31st, decentralized trading protocol PancakeSwap announced the launch of Coinbase Layer2 network Base. PancakeSwap will first introduce its trading and liquidity supply functions to Base. Then it is expected to introduce its liquidity staking function to Base.
PancakeSwap's v3 Trading Volume Surpasses $12 Billion Across Chains, Introduces Revenue Sharing Pool
PancakeSwap has achieved a significant milestone in its multichain endeavor, with trading volume on v3 exceeding $12 billion across all chains. The network has also introduced a new revenue sharing pool to fuel further growth. While v3's transaction volume has risen, there has been a slight decline on BNB Chain, although PancakeSwap has dominated Uniswap on BNB Chain with a daily volume dominance above 95% for multiple weeks. Despite CAKE's price gaining upward momentum, its on-chain performance has shown a decline in positive sentiment and a massive drop in its MVRV Ratio. The code being pushed into the adpushup queue is for triggering ads on different platforms, each with a specific ad ID associated with it. The code defines and initializes the adpushup object.
