Know What’s New With PancakeSwap DeFi DEX

Are you interested in investing in Defi platforms, especially Pancakeswap?

Then this article is exclusively for you and brings up the latest updates and improvements.

Before revealing the latest updates on PancakeSwap, let us know what is Pancakeswap in general.

What is PancakeSwap?

With the highest trading volume in the market, Pancakeswap is the leading DeFi-based Decentralized Exchange platform that is being built on BNB Chain.This platform offers various features such as liquidity pools, Swapping, yield farming, Syrup pools, AMM, IFO, NFTs, and more.

Apart from this one can earn from Pancakeswap via trading, earning, yield farming, winning via lottery, NFT Collectibles, and prediction.

Hope you got a short intro about Pancakeswap. Without any delay let us look at the recent updates on Pancakeswap.

What are PancakeSwap’s recent updates and what it has changed with its IFOs?

Recent Updates on Pancakeswap

PancakeSwap, the most dominant DEX on BNB Chain, has released new updates and features, that include multichain expansion & fee reduction for its platform users.

1. Pancakeswap removed its fees on PancakeSwap Bridge and now the bridge fee is the same as Stargate. This Stargate is a liquidity transport protocol that powers the PancakeSwap Bridge.
2. This DeFi DEX launched the PancakeSwap StableSwap that allows its community & its native token holders for trading several stablecoin pairs efficiently with lower slippage
3. Recently Pancakeswap announced a burn of over 7M $CAKE. This burning aligns with the project’s goal of making CAKE deflationary
4. This PancakeSwap is changing the format of its IFO. Initial Farm Offerings of PancakeSwap offers CAKE holders early access to projects listed on Pancakeswap. Hence, this new structure provides loyal CAKE holders with increased IFO benefits.
5. DEX is making several changes in its farm auctions.The changes include,

1. Extending the farm auctions from 2 to 3 weeks
2. Increasing the minimum bid from $5,000 to 7,000 CAKE.

Hope we have listed all the recent feature updates of PancakeSwap.

Are you the one who likes to trade on Pancakeswap? Then, this guide will be most useful for you. Right?

If you are one who wants to make a step ahead and wish to start your own DeFi DEX like Pancakeswap, you can contact any DeFi Development Company, that offers PancakeSwap Clone Script to instantly launch your own decentralized exchange.

Business Benefits of launching DeFi Protocol like PancakeSwap

Listed here are the benefits of creating a DeFi-based exchange like PancakeSwap.

• Less Initial Investment
• Generate High ROI
• Huge Liquidity at Launch
• Eliminates middleman
• Go with DeFi trends
• Fast Brand Identification and visibility
• 100% Guaranteed Trading Volume
• No manpower required and more.

Stay Tuned with us to know the latest updates about the crypto industry!

Source: Medium