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BNB Chain and Ethereum Begin Hosting PancakeSwap V3

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Decentralized exchange platform PancakeSwap has launched V3 on the BNB Chain and Ethereum, offering higher efficiency and flexibility compared to V2. The trading fee has been reduced by 25 times, while there has been a 4,000-fold increase in capital efficiency. Liquidity providers have more flexibility in setting the fee structure, with a range of four different fee structures available. The PancakeSwap treasury and liquidity providers will each receive an appropriate share of the trading fee, and arrangements are in place to ensure that a portion goes towards burning CAKE tokens. V3 aims to further cement PancakeSwap's position on the BNB Chain while gaining the top rank on the Ethereum chart. The platform also has two more features in the pipeline: Position Manager and VIP Trading Reward Points.

(By Trevor Holman)

PancakeSwap PancakeSwap $1.99
-0.38%
PancakeSwap Ethereum
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