PancakeSwap is Releasing V4

The popular decentralized crypto exchange PancakeSwap has announced the new version, PancakeSwap V4, and the technical review of this version. This version aims to reduce transaction costs and prevent temporary losses of liquidity providers. Additionally, it plans to create a development fund to support the continuous improvement of the protocol. PancakeSwap’s Development and Goals PancakeSwap is currently the third-largest decentralized exchange in the world, holding over $2.3 billion in assets across nine different chains. The new version, to be launched on both Ethereum and BNB networks in the third quarter of 2024, will include customizable plugins that independent developers can create. Innovative Features and Transactional Ease PancakeSwap V4 promises to prevent permanent losses by offering a new type of pool for liquidity providers, unlike traditional pools. It also plans to implement changes like a singleton model and multi-hop transactions to minimize transaction costs. The developers stated that the new version […]

PancakeSwap is Releasing V4

The popular decentralized crypto exchange PancakeSwap has announced the new version, PancakeSwap V4, and the technical review of this version. This version aims to reduce transaction costs and prevent temporary losses of liquidity providers. Additionally, it plans to create a development fund to support the continuous improvement of the protocol.

PancakeSwap’s Development and Goals

PancakeSwap is currently the third-largest decentralized exchange in the world, holding over $2.3 billion in assets across nine different chains. The new version, to be launched on both Ethereum and BNB networks in the third quarter of 2024, will include customizable plugins that independent developers can create.

Innovative Features and Transactional Ease

PancakeSwap V4 promises to prevent permanent losses by offering a new type of pool for liquidity providers, unlike traditional pools. It also plans to implement changes like a singleton model and multi-hop transactions to minimize transaction costs.

The developers stated that the new version will be released under an open-source license and will offer opportunities for developers who want to be affiliated. PancakeSwap has also launched a $500,000 developer program for independent developers to create hooks.

Along with the growth in the crypto sector, decentralized exchanges are competing to capture market share by improving their features. Platforms like Uniswap and PancakeSwap are offering innovative features to enhance user experience and increase interaction with the community.

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