Decentralized cryptocurrency exchange PancakeSwap has announced the launch of a new version of its application, PancakeSwap V3, which will be rolled out to users next month on BNB Smart Chain. The new version will offer users an even better experience and help make DeFi accessible to more people than ever before, according to Mochi, the pseudonymous head chef of PancakeSwap.
The launch of PancakeSwap V3 is scheduled for the first week of April and will be accompanied by a suite of upgrades to the service, including more competitive trading fees and improved liquidity provisioning. The company has also detailed a rewards campaign that coincides with the launch of its updated exchange. Users who contribute a certain amount of funds to the platform’s liquidity pools will receive an airdrop of the exchange’s CAKE token.
Users providing liquidity within the campaign’s parameters will receive a share of the rewards, which will be distributed over a period of time. The rewards campaign is aimed at incentivizing users to contribute to the platform’s liquidity pools, which will help improve the overall liquidity of the exchange.
PancakeSwap has become one of the most popular decentralized exchanges in the DeFi space, with over $1 billion in daily trading volume. The platform has gained popularity due to its low fees and ease of use, making it accessible to a wider audience.
The launch of PancakeSwap V3 is expected to further enhance the platform’s capabilities and attract more users to the platform. With the DeFi space continuing to grow at a rapid pace, PancakeSwap is well-positioned to capitalize on the increasing demand for decentralized exchanges.
